Sapient Capital LLC Sells 557 Shares of Texas Pacific Land Co. (NYSE:TPL)

Sapient Capital LLC decreased its holdings in shares of Texas Pacific Land Co. (NYSE:TPL) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 18,421 shares of the financial services provider’s stock after selling 557 shares during the quarter. Sapient Capital LLC’s holdings in Texas Pacific Land were worth $20,373,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. State Street Corp boosted its holdings in Texas Pacific Land by 3.8% during the third quarter. State Street Corp now owns 762,627 shares of the financial services provider’s stock worth $674,727,000 after buying an additional 27,884 shares during the last quarter. Geode Capital Management LLC boosted its stake in Texas Pacific Land by 21.5% during the 3rd quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider’s stock worth $411,943,000 after acquiring an additional 81,974 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Texas Pacific Land by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,418 shares of the financial services provider’s stock worth $120,694,000 after acquiring an additional 1,984 shares during the last quarter. Douglass Winthrop Advisors LLC grew its holdings in Texas Pacific Land by 3.5% during the third quarter. Douglass Winthrop Advisors LLC now owns 99,198 shares of the financial services provider’s stock valued at $87,764,000 after purchasing an additional 3,363 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Texas Pacific Land by 10.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 70,836 shares of the financial services provider’s stock valued at $62,671,000 after purchasing an additional 6,598 shares in the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Trading Up 2.5 %

Shares of Texas Pacific Land stock opened at $1,378.79 on Tuesday. Texas Pacific Land Co. has a 12 month low of $471.06 and a 12 month high of $1,769.14. The company has a market capitalization of $31.68 billion, a PE ratio of 70.74 and a beta of 1.68. The stock’s fifty day simple moving average is $1,276.13 and its 200 day simple moving average is $1,119.22.

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.