Texas Pacific Land Trust (NYSE:TPL) Major Shareholder Purchases $38,238.50 in Stock

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon purchased 50 shares of the stock in a transaction dated Monday, June 10th. The stock was purchased at an average cost of $764.77 per share, for a total transaction of $38,238.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Friday, June 7th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $749.91 per share, for a total transaction of $37,495.50.
  • On Wednesday, June 5th, Kinetics Asset Managem Horizon bought 50 shares of Texas Pacific Land Trust stock. The stock was purchased at an average price of $730.07 per share, for a total transaction of $36,503.50.
  • On Monday, June 3rd, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $738.78 per share, with a total value of $36,939.00.
  • On Thursday, May 30th, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $799.00 per share, with a total value of $39,950.00.
  • On Tuesday, May 28th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $790.32 per share, with a total value of $39,516.00.
  • On Friday, May 24th, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was acquired at an average price of $790.09 per share, with a total value of $39,504.50.
  • On Wednesday, May 22nd, Kinetics Asset Managem Horizon purchased 36 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $831.23 per share, with a total value of $29,924.28.
  • On Monday, May 20th, Kinetics Asset Managem Horizon acquired 36 shares of Texas Pacific Land Trust stock. The shares were bought at an average cost of $860.09 per share, for a total transaction of $30,963.24.
  • On Friday, May 17th, Kinetics Asset Managem Horizon purchased 36 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $845.42 per share, for a total transaction of $30,435.12.
  • On Wednesday, May 15th, Kinetics Asset Managem Horizon acquired 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.

Texas Pacific Land Trust stock traded down $13.97 during midday trading on Wednesday, reaching $737.14. The company’s stock had a trading volume of 2,942 shares, compared to its average volume of 18,779. The company has a debt-to-equity ratio of 0.01, a quick ratio of 18.54 and a current ratio of 18.54. The stock has a market cap of $5.87 billion, a PE ratio of 19.22 and a beta of 1.27. Texas Pacific Land Trust has a 52-week low of $409.00 and a 52-week high of $915.66.



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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its holdings in Texas Pacific Land Trust by 1.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,799 shares of the financial services provider’s stock worth $1,392,000 after buying an additional 34 shares during the last quarter. Cordasco Financial Network acquired a new position in Texas Pacific Land Trust during the 1st quarter worth approximately $33,000. Janney Montgomery Scott LLC increased its position in Texas Pacific Land Trust by 4.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,130 shares of the financial services provider’s stock worth $874,000 after purchasing an additional 47 shares during the period. Advisor Group Inc. grew its holdings in shares of Texas Pacific Land Trust by 34.1% in the 4th quarter. Advisor Group Inc. now owns 236 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 60 shares during the period. Finally, Hunter Associates Investment Management LLC grew its holdings in shares of Texas Pacific Land Trust by 2.6% in the 1st quarter. Hunter Associates Investment Management LLC now owns 3,115 shares of the financial services provider’s stock worth $2,410,000 after acquiring an additional 80 shares during the period. 62.45% of the stock is owned by hedge funds and other institutional investors.

Separately, ValuEngine downgraded Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th.

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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.

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

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