Charles Schwab Investment Management Inc. Boosts Stock Position in Texas Pacific Land Co. (NYSE:TPL)

Charles Schwab Investment Management Inc. raised its stake in Texas Pacific Land Co. (NYSE:TPLFree Report) by 1.8% in the third quarter, HoldingsChannel reports. The fund owned 40,400 shares of the financial services provider’s stock after purchasing an additional 726 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Texas Pacific Land were worth $73,672,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of TPL. Vanguard Group Inc. raised its stake in shares of Texas Pacific Land by 8.2% during the 1st quarter. Vanguard Group Inc. now owns 629,117 shares of the financial services provider’s stock worth $850,635,000 after buying an additional 47,484 shares during the period. BlackRock Inc. lifted its position in shares of Texas Pacific Land by 5.6% during the 1st quarter. BlackRock Inc. now owns 454,574 shares of the financial services provider’s stock valued at $773,239,000 after buying an additional 24,149 shares in the last quarter. State Street Corp lifted its position in shares of Texas Pacific Land by 7.1% during the 2nd quarter. State Street Corp now owns 215,357 shares of the financial services provider’s stock valued at $283,517,000 after buying an additional 14,278 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of Texas Pacific Land by 80,933.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 208,256 shares of the financial services provider’s stock valued at $488,200,000 after buying an additional 207,999 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Texas Pacific Land by 3.3% during the 2nd quarter. Geode Capital Management LLC now owns 105,075 shares of the financial services provider’s stock valued at $138,908,000 after buying an additional 3,334 shares in the last quarter. 60.40% of the stock is owned by institutional investors and hedge funds.

Texas Pacific Land Price Performance

Shares of NYSE:TPL opened at $1,474.45 on Tuesday. The business’s 50 day moving average price is $1,533.32 and its 200-day moving average price is $1,696.91. Texas Pacific Land Co. has a 1 year low of $1,266.21 and a 1 year high of $2,000.00. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 28.93 and a beta of 1.60.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus decreased their target price on Texas Pacific Land from $1,558.00 to $1,414.00 and set a “hold” rating on the stock in a research report on Tuesday, January 23rd.

Get Our Latest Research Report on TPL

Texas Pacific Land Profile

(Free Report)

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company's Land and Resource Management segment manages surface acres of land. This segment also holds own 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 located in the western part of Texas.

Further Reading

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Institutional Ownership by Quarter for Texas Pacific Land (NYSE:TPL)

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