Texas Pacific Land Trust (NYSE:TPL) Major Shareholder Acquires $120,809.93 in Stock

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon bought 157 shares of the stock in a transaction on Wednesday, July 17th. The shares were purchased at an average price of $769.49 per share, with a total value of $120,809.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Kinetics Asset Managem Horizon also recently made the following trade(s):

  • On Monday, July 15th, Kinetics Asset Managem Horizon bought 49 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $795.00 per share, with a total value of $38,955.00.
  • On Friday, July 12th, Kinetics Asset Managem Horizon acquired 49 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $798.15 per share, with a total value of $39,109.35.
  • On Wednesday, July 10th, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $797.58 per share, with a total value of $39,879.00.
  • On Monday, July 8th, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $810.20 per share, with a total value of $40,510.00.
  • On Friday, July 5th, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $798.67 per share, with a total value of $39,933.50.
  • On Wednesday, July 3rd, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $793.74 per share, with a total value of $39,687.00.
  • On Monday, July 1st, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $799.99 per share, with a total value of $39,999.50.
  • On Friday, June 28th, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $795.24 per share, with a total value of $39,762.00.
  • On Wednesday, June 26th, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $817.18 per share, with a total value of $40,859.00.
  • On Monday, June 24th, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $782.12 per share, with a total value of $39,106.00.

Shares of NYSE TPL traded down $2.81 during mid-day trading on Thursday, hitting $762.62. The company had a trading volume of 4,514 shares, compared to its average volume of 17,037. The company has a market cap of $5.92 billion, a P/E ratio of 19.69 and a beta of 1.25. The company has a 50-day moving average price of $769.74. The company has a quick ratio of 18.54, a current ratio of 18.54 and a debt-to-equity ratio of 0.01. Texas Pacific Land Trust has a one year low of $409.00 and a one year high of $915.66.

Texas Pacific Land Trust (NYSE:TPL) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $18.04 earnings per share for the quarter. The company had revenue of $33.21 million during the quarter. Texas Pacific Land Trust had a return on equity of 132.12% and a net margin of 162.78%.

Separately, ValuEngine upgraded VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a report on Thursday, May 9th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Santa Monica Partners LP raised its holdings in shares of Texas Pacific Land Trust by 0.6% during the first quarter. Santa Monica Partners LP now owns 17,882 shares of the financial services provider’s stock valued at $13,834,000 after purchasing an additional 102 shares during the period. FMR LLC bought a new stake in shares of Texas Pacific Land Trust during the 4th quarter valued at about $1,570,000. Advisor Partners LLC bought a new stake in shares of Texas Pacific Land Trust during the 1st quarter valued at about $967,000. Moors & Cabot Inc. boosted its stake in shares of Texas Pacific Land Trust by 99.9% during the 1st quarter. Moors & Cabot Inc. now owns 34,596 shares of the financial services provider’s stock valued at $26,770,000 after purchasing an additional 17,293 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Texas Pacific Land Trust by 2.7% during the 1st quarter. Swiss National Bank now owns 11,317 shares of the financial services provider’s stock valued at $8,755,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 62.45% of the company’s stock.

About Texas Pacific Land Trust

Texas Pacific Land Trust holds title to tracts of land in the state of Texas. The company operates through two segments, Land and Resource Management, and Water Service and Operations. It sells, leases, and manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust.

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Insider Buying and Selling by Quarter for Texas Pacific Land Trust (NYSE:TPL)

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