Amalgamated Bank lowered its holdings in Texas Pacific Land Co. (NYSE:TPL - Free Report) by 4.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,202 shares of the financial services provider's stock after selling 466 shares during the quarter. Amalgamated Bank's holdings in Texas Pacific Land were worth $8,141,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in TPL. Vanguard Group Inc. lifted its stake in shares of Texas Pacific Land by 199.8% in the first quarter. Vanguard Group Inc. now owns 1,901,206 shares of the financial services provider's stock valued at $1,099,867,000 after purchasing an additional 1,267,123 shares during the period. Magnolia Capital Advisors LLC acquired a new stake in shares of Texas Pacific Land during the 2nd quarter valued at approximately $131,014,000. Bank of New York Mellon Corp boosted its stake in shares of Texas Pacific Land by 74.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 204,176 shares of the financial services provider's stock worth $149,920,000 after acquiring an additional 86,975 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Texas Pacific Land by 1,541.2% in the 2nd quarter. Principal Financial Group Inc. now owns 64,319 shares of the financial services provider's stock worth $47,228,000 after acquiring an additional 60,400 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in Texas Pacific Land in the 3rd quarter valued at approximately $45,400,000. 59.94% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BWS Financial reiterated a "buy" rating and set a $917.00 target price on shares of Texas Pacific Land in a research report on Monday, August 12th.

Check Out Our Latest Research Report on Texas Pacific Land

Shares of TPL opened at $1,330.35 on Thursday. Texas Pacific Land Co. has a 12-month low of $467.62 and a 12-month high of $1,360.06. The stock has a market cap of $30.57 billion, a P/E ratio of 68.43 and a beta of 1.56. The company has a 50-day moving average of $964.56 and a two-hundred day moving average of $804.02.

Texas Pacific Land (NYSE:TPL - Get Free Report) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $4.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.36 by ($0.38). The company had revenue of $172.33 million during the quarter, compared to analysts' expectations of $182.35 million. Texas Pacific Land had a net margin of 66.71% and a return on equity of 41.29%. During the same period in the previous year, the company posted $4.35 EPS.

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.

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