Texas Pacific Land Trust (NYSE:TPL) Major Shareholder Purchases $39,687.00 in Stock

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon purchased 50 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was bought at an average cost of $793.74 per share, with a total value of $39,687.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 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 1st, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $799.99 per share, with a total value of $39,999.50.
  • On Friday, June 28th, Kinetics Asset Managem Horizon bought 50 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $795.24 per share, for a total transaction of $39,762.00.
  • On Wednesday, June 26th, Kinetics Asset Managem Horizon bought 50 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $817.18 per share, for a total transaction of $40,859.00.
  • On Monday, June 24th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The stock was purchased at an average price of $782.12 per share, for a total transaction of $39,106.00.
  • On Friday, June 21st, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The stock was purchased at an average price of $791.07 per share, for a total transaction of $39,553.50.
  • On Wednesday, June 19th, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $755.88 per share, with a total value of $37,794.00.
  • On Monday, June 17th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $718.96 per share, with a total value of $35,948.00.
  • On Friday, June 14th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $739.99 per share, with a total value of $36,999.50.
  • On Wednesday, June 12th, Kinetics Asset Managem Horizon bought 50 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $744.22 per share, with a total value of $37,211.00.
  • On Monday, June 10th, Kinetics Asset Managem Horizon bought 50 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $764.77 per share, with a total value of $38,238.50.

Shares of TPL stock opened at $800.00 on Monday. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 20.33 and a beta of 1.25. The business’s 50-day moving average price is $776.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 18.54 and a current ratio of 18.54. Texas Pacific Land Trust has a 12-month low of $409.00 and a 12-month high of $915.66.



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

Several institutional investors and hedge funds have recently modified their holdings of TPL. FIL Ltd lifted its position in Texas Pacific Land Trust by 38.1% in the 1st quarter. FIL Ltd now owns 67,216 shares of the financial services provider’s stock valued at $52,001,000 after acquiring an additional 18,534 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Texas Pacific Land Trust by 5.8% in the 4th quarter. Bank of New York Mellon Corp now owns 39,367 shares of the financial services provider’s stock worth $21,322,000 after buying an additional 2,175 shares in the last quarter. Polar Capital LLP boosted its holdings in shares of Texas Pacific Land Trust by 30.1% during the 4th quarter. Polar Capital LLP now owns 37,265 shares of the financial services provider’s stock valued at $20,184,000 after purchasing an additional 8,617 shares during the last quarter. Schwartz Investment Counsel Inc. boosted its holdings in shares of Texas Pacific Land Trust by 1.5% during the 1st quarter. Schwartz Investment Counsel Inc. now owns 35,930 shares of the financial services provider’s stock valued at $27,797,000 after purchasing an additional 530 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its holdings 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 during the last quarter. 62.45% of the stock is currently owned by hedge funds and other institutional investors.

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

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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