Indie Asset Partners LLC purchased a new position in shares of Texas Pacific Land Co. (NYSE:TPL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 540 shares of the financial services provider’s stock, valued at approximately $393,000.
Other hedge funds also recently added to or reduced their stakes in the company. Creative Planning raised its position in shares of Texas Pacific Land by 9.9% during the 4th quarter. Creative Planning now owns 5,260 shares of the financial services provider’s stock worth $3,824,000 after buying an additional 473 shares in the last quarter. LPL Financial LLC raised its position in shares of Texas Pacific Land by 56.3% during the 3rd quarter. LPL Financial LLC now owns 2,661 shares of the financial services provider’s stock worth $1,202,000 after buying an additional 959 shares in the last quarter. Rothschild Investment Corp IL bought a new stake in shares of Texas Pacific Land during the 4th quarter worth about $211,000. New York State Common Retirement Fund bought a new stake in shares of Texas Pacific Land during the 3rd quarter worth about $433,000. Finally, Blair William & Co. IL raised its position in shares of Texas Pacific Land by 16.0% during the 3rd quarter. Blair William & Co. IL now owns 2,286 shares of the financial services provider’s stock worth $1,032,000 after buying an additional 316 shares in the last quarter. Institutional investors own 46.87% of the company’s stock.
Separately, BWS Financial started coverage on shares of Texas Pacific Land in a research note on Tuesday, January 12th. They issued a “buy” rating and a $1,150.00 price objective on the stock.
In other news, major shareholder Kinetics Asset Managem Horizon bought 44 shares of the company’s stock in a transaction dated Friday, January 8th. The shares were acquired at an average cost of $801.00 per share, with a total value of $35,244.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders bought a total of 322 shares of company stock worth $240,236 in the last ninety days. Corporate insiders own 0.92% of the company’s stock.
Texas Pacific Land Company Profile
Texas Pacific Land Corporation holds title to tracts of land in the state of Texas. The company operates through two segments, Land and Resource Management, and Water Service and Operations. The Land and Resource Management segment manages various land and related resources in West Texas. This segment has oil and gas royalty interests; enter into easement contracts covering activities, such as oil and gas pipelines and subsurface wellbore easements; and leases land.
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