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

Sapient Capital LLC cut its stake in Texas Pacific Land Co. (NYSE:TPL) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,421 shares of the financial services provider’s stock after selling 557 shares during the period. Sapient Capital LLC owned about 0.08% of Texas Pacific Land worth $20,373,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Texas Pacific Land during the 3rd quarter worth about $25,000. Compagnie Lombard Odier SCmA bought a new stake in Texas Pacific Land during the third quarter worth about $44,000. Quest Partners LLC acquired a new stake in shares of Texas Pacific Land during the third quarter worth approximately $50,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Texas Pacific Land in the fourth quarter valued at approximately $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings 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 worth $76,000 after acquiring an additional 12 shares in the last quarter. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

Shares of TPL opened at $1,378.79 on Tuesday. The company has a market cap of $31.68 billion, a price-to-earnings ratio of 70.74 and a beta of 1.68. The stock has a fifty day moving average price of $1,276.13 and a two-hundred day moving average price of $1,119.22. Texas Pacific Land Co. has a 52-week low of $471.06 and a 52-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.