York GP Ltd. Acquires Stake in Texas Pacific Land Co. (NYSE:TPL)

York GP Ltd. has acquired a new stake in Texas Pacific Land Co. (NYSE:TPL) during the fourth quarter, as revealed in its latest filing with the Securities and Exchange Commission (SEC). The firm has purchased a total of 92,100 shares valued at approximately $101,859,000. Notably, Texas Pacific Land constitutes around 95.7% of York GP Ltd.'s entire investment portfolio, marking this stock as its largest holding. By the end of the most recent reporting period, York GP Ltd. owned about 0.40% of Texas Pacific Land.

Other Institutional Investors

A variety of other institutional investors have also recently adjusted their positions in TPL. For instance, Allspring Global Investments Holdings LLC significantly increased its stake in Texas Pacific Land by an astonishing 6,144.1% in the fourth quarter. As a result, they now own 3,684 shares of the company worth $4,347,000 after acquiring an additional 3,625 shares. Hartford Investment Management Co. also bought a new stake in the company, estimated at around $1,285,000. Meanwhile, Atlas Wealth Partners LLC increased its holdings by 1.8%, now owning 13,292 shares valued at $14,700,000 after buying 239 more shares. Additionally, Cigna Investments Inc. New established a new position in Texas Pacific Land worth approximately $208,000, while Principle Wealth Partners LLC grew its stake by 3.2%, now owning 814 shares valued at $900,000. It is important to mention that hedge funds and other institutional investors collectively hold 59.94% of the company's stock.

Current Stock Performance

As of Thursday, TPL stock opened at $1,345.65. Texas Pacific Land Co. has seen a 52-week low of $471.06 and a high of $1,769.14. The company currently has a fifty-day moving average of $1,271.10 and a 200-day moving average of $1,124.60. Furthermore, the stock boasts a market capitalization of $30.92 billion, a price-to-earnings ratio of 69.04, and a beta of 1.68.

Company Overview

Texas Pacific Land Corporation specializes in land and resource management, along with water services and operations. The company owns a 1/128th nonparticipating perpetual oil and gas royalty interest (NPRI) across roughly 85,000 acres of land, holds a 1/16th NPRI under about 371,000 acres, and possesses approximately 4,000 additional net royalty acres, summing up to around 195,000 NRA situated in western Texas.

Investment Considerations

Before making any investment decisions, it is advisable to stay informed about the latest market insights. It's noteworthy that while Texas Pacific Land holds a "Buy" rating among many analysts, research suggests there may be alternative investment opportunities that could offer better returns at this time.

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