State of Alaska Department of Revenue Sells 20 Shares of Texas Pacific Land Co. (NYSE:TPL)

State of Alaska Department of Revenue lessened its holdings in Texas Pacific Land Co. (NYSE:TPL) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,150 shares of the financial services provider’s stock after selling 20 shares during the quarter. State of Alaska Department of Revenue’s holdings in Texas Pacific Land were worth $2,377,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Hilltop Holdings Inc. raised its position in shares of Texas Pacific Land by 290.3% in the 3rd quarter. Hilltop Holdings Inc. now owns 1,815 shares of the financial services provider’s stock valued at $1,606,000 after acquiring an additional 1,350 shares during the period. Quantinno Capital Management LP raised its position in shares of Texas Pacific Land by 63.5% in the 3rd quarter. Quantinno Capital Management LP now owns 2,976 shares of the financial services provider’s stock valued at $2,634,000 after acquiring an additional 1,156 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Texas Pacific Land by 5.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 8,888 shares of the financial services provider’s stock valued at $7,864,000 after acquiring an additional 431 shares during the period. Biltmore Family Office LLC acquired a new stake in shares of Texas Pacific Land in the 3rd quarter valued at approximately $337,000. Finally, Everence Capital Management Inc. acquired a new stake in shares of Texas Pacific Land in the 4th quarter valued at approximately $641,000. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Price Performance

Shares of NYSE:TPL opened at $1,378.79 on Tuesday. The company has a market capitalization of $31.68 billion, a price-to-earnings ratio of 70.74 and a beta of 1.68. The firm’s 50 day simple moving average is $1,276.13 and its 200 day simple moving average is $1,119.22. Texas Pacific Land Co. has a fifty-two week low of $471.06 and a fifty-two week high of $1,769.14.

About Texas Pacific Land

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company owns a 1/128th nonparticipating perpetual oil and gas royalty interest (NPRI) under approximately 85,000 acres of land; a 1/16th NPRI under approximately 371,000 acres of land; and approximately 4,000 additional net royalty acres, total of approximately 195,000 NRA located in the western part of Texas.