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

York GP Ltd. has taken a significant step by acquiring a new stake in Texas Pacific Land Co. (NYSE: TPL) during the fourth quarter of the year. According to the latest disclosure made to the Securities and Exchange Commission (SEC), York GP Ltd. purchased a total of 92,100 shares of Texas Pacific Land, with an estimated value of around $101.86 million. This investment represents a substantial portion of York GP Ltd.'s overall portfolio, with Texas Pacific Land accounting for approximately 95.7%. At the conclusion of the recent reporting period, York GP Ltd. owned approximately 0.40% of the total shares of Texas Pacific Land.

A few other institutional investors have also shown interest in Texas Pacific Land, either by increasing their stakes or by initiating new investments. For instance, Allspring Global Investments Holdings LLC made headlines by ramping up its stake in Texas Pacific Land by an impressive 6,144.1% during the fourth quarter. Following this increase, they now hold 3,684 shares valued at about $4.35 million after adding 3,625 shares to their position. Meanwhile, Hartford Investment Management Co. has launched a new investment venture by acquiring a stake in Texas Pacific Land valued at approximately $1.29 million.

Atlas Wealth Partners LLC also expanded its holdings by 1.8% in the same quarter, accumulating a total of 13,292 shares valued at $14.7 million after acquiring an additional 239 shares. Similarly, Cigna Investments Inc. initiated a new position valued at around $208,000, while Principle Wealth Partners LLC increased their stake by 3.2% to own 814 shares worth about $900,000 after purchasing 25 more shares. Notably, hedge funds and institutional investors currently own roughly 59.94% of Texas Pacific Land's shares, showcasing ongoing institutional interest.

Current Performance of Texas Pacific Land Stock

As of Thursday, Texas Pacific Land's stock opened at $1,345.65. Over the past year, the stock has experienced significant fluctuations, reaching a low of $471.06 and a high of $1,769.14. The company's fifty-day moving average stands at $1,271.10, while the two-hundred-day moving average is at $1,124.60. Texas Pacific Land has a market capitalization of $30.92 billion and a price-to-earnings ratio of 69.04, with a beta of 1.68, indicating a higher level of volatility compared to the market.

Overview of Texas Pacific Land Corporation

Texas Pacific Land Corporation specializes in land and resource management, as well as water services and operations. The company holds a unique position in the market with its diverse interest in oil and gas royalty interests. Specifically, Texas Pacific Land owns a 1/128th nonparticipating perpetual oil and gas royalty interest over approximately 85,000 acres and a 1/16th nonparticipating perpetual oil and gas royalty interest over around 371,000 acres, in addition to 4,000 net royalty acres, totaling approximately 195,000 net royalty acres located primarily in western Texas.

For those looking for further insights into Texas Pacific Land and investment opportunities, it may be worthwhile to stay updated on analyst recommendations and market performance related to this stock.

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