Sumitomo Mitsui DS Asset Management Company Ltd Grows Stake in Texas Pacific Land Co. (NYSE:TPL)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Texas Pacific Land Co. (NYSE:TPL) by 22.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,084 shares of the financial services provider’s stock after acquiring an additional 377 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Texas Pacific Land were worth $2,305,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of Texas Pacific Land during the 3rd quarter valued at $25,000. Compagnie Lombard Odier SCmA purchased a new position in Texas Pacific Land during the third quarter valued at $44,000. Quest Partners LLC bought a new stake in Texas Pacific Land during the third quarter valued at about $50,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Texas Pacific Land in the fourth quarter worth about $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Texas Pacific Land by 21.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock worth $76,000 after buying an additional 12 shares during the period. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Trading Up 2.5 %

Shares of NYSE:TPL opened at $1,378.79 on Tuesday. The stock has a 50 day moving average of $1,276.13 and a 200 day moving average of $1,119.22. The company has a market cap of $31.68 billion, a PE ratio of 70.74 and a beta of 1.68. Texas Pacific Land Co. has a 12-month low of $471.06 and a 12-month 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.