State of New Jersey Common Pension Fund D Lowers Stock Holdings in Texas Pacific Land Co. (NYSE:TPL)

State of New Jersey Common Pension Fund D reduced its stake in Texas Pacific Land Co. (NYSE:TPL) by 1.1% during the 4th quarter, HoldingsChannel reports. The firm owned 7,403 shares of the financial services provider’s stock after selling 81 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Texas Pacific Land were worth $8,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Caprock Group LLC grew its stake in shares of Texas Pacific Land by 3.0% in the 4th quarter. Caprock Group LLC now owns 273 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 8 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Texas Pacific Land by 21.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 12 shares during the last quarter. Signaturefd LLC grew its stake in shares of Texas Pacific Land by 16.9% in the 3rd quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 13 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Texas Pacific Land by 3.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 441 shares of the financial services provider’s stock valued at $390,000 after buying an additional 13 shares during the period. Finally, First Financial Bankshares Inc lifted its holdings in shares of Texas Pacific Land by 2.2% in the 3rd quarter. First Financial Bankshares Inc now owns 754 shares of the financial services provider’s stock valued at $667,000 after buying an additional 16 shares during the period. 59.94% of the stock is currently owned by hedge funds and other institutional investors.

Texas Pacific Land Price Performance

TPL opened at $1,416.25 on Wednesday. The business has a 50 day simple moving average of $1,275.20 and a 200-day simple moving average of $1,142.49. The stock has a market capitalization of $32.54 billion, a P/E ratio of 72.67 and a beta of 1.68. Texas Pacific Land Co. has a 12 month low of $493.40 and a 12 month high of $1,769.14.

Texas Pacific Land Company Profile

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.