Texas Pacific Land Trust (TPL) Major Shareholder Kinetics Asset Managem Horizon Purchases 36 Shares

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon purchased 36 shares of the business’s stock in a transaction on Friday, May 17th. The shares were purchased at an average cost of $845.42 per share, for a total transaction of $30,435.12. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, May 15th, Kinetics Asset Managem Horizon purchased 36 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $837.84 per share, for a total transaction of $30,162.24.
  • On Monday, May 13th, Kinetics Asset Managem Horizon purchased 36 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $787.20 per share, for a total transaction of $28,339.20.
  • On Friday, May 10th, Kinetics Asset Managem Horizon purchased 36 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $780.78 per share, for a total transaction of $28,108.08.
  • On Wednesday, May 8th, Kinetics Asset Managem Horizon bought 36 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $799.98 per share, for a total transaction of $28,799.28.
  • On Monday, May 6th, Kinetics Asset Managem Horizon purchased 36 shares of Texas Pacific Land Trust stock. The stock was acquired at an average price of $807.23 per share, for a total transaction of $29,060.28.

Shares of Texas Pacific Land Trust stock traded down $10.30 during trading on Monday, reaching $856.11. The company’s stock had a trading volume of 73 shares, compared to its average volume of 14,933. The company has a debt-to-equity ratio of 0.01, a current ratio of 18.54 and a quick ratio of 18.54. Texas Pacific Land Trust has a 12-month low of $409.00 and a 12-month high of $915.66. The company has a market cap of $6.72 billion, a PE ratio of 22.02 and a beta of 1.30.



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

Separately, ValuEngine upgraded Texas Pacific Land Trust from a “hold” rating to a “buy” rating in a research note on Friday, January 25th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FIL Ltd boosted its position in Texas Pacific Land Trust by 38.1% during the first quarter. FIL Ltd now owns 67,216 shares of the financial services provider’s stock worth $52,001,000 after purchasing an additional 18,534 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Texas Pacific Land Trust by 5.8% during the fourth quarter. Bank of New York Mellon Corp now owns 39,367 shares of the financial services provider’s stock worth $21,322,000 after purchasing an additional 2,175 shares in the last quarter. Polar Capital LLP boosted its position in Texas Pacific Land Trust by 30.1% during the fourth quarter. Polar Capital LLP now owns 37,265 shares of the financial services provider’s stock worth $20,184,000 after purchasing an additional 8,617 shares in the last quarter. Schwartz Investment Counsel Inc. boosted its position in Texas Pacific Land Trust by 1.5% during the first quarter. Schwartz Investment Counsel Inc. now owns 35,930 shares of the financial services provider’s stock worth $27,797,000 after purchasing an additional 530 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its position in Texas Pacific Land Trust by 99.9% during the first quarter. Moors & Cabot Inc. now owns 34,596 shares of the financial services provider’s stock worth $26,770,000 after purchasing an additional 17,293 shares in the last quarter. Institutional investors own 39.72% of the company’s stock.

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Texas Pacific Land Trust Company Profile

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.

See Also: Balance Sheet

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

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