Insider Buying: Texas Pacific Land Trust (NYSE:TPL) Major Shareholder Purchases $40,510.00 in Stock

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon bought 50 shares of the company’s stock in a transaction on Monday, July 8th. The stock was purchased at an average cost of $810.20 per share, for a total transaction of $40,510.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 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, July 10th, Kinetics Asset Managem Horizon bought 50 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $797.58 per share, for a total transaction of $39,879.00.
  • On Friday, July 5th, Kinetics Asset Managem Horizon bought 50 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $798.67 per share, for a total transaction of $39,933.50.
  • On Wednesday, July 3rd, Kinetics Asset Managem Horizon bought 50 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $793.74 per share, for a total transaction of $39,687.00.
  • On Monday, July 1st, Kinetics Asset Managem Horizon bought 50 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $799.99 per share, for a total transaction of $39,999.50.
  • On Friday, June 28th, Kinetics Asset Managem Horizon bought 50 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost 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 stock was purchased at an average cost of $817.18 per share, for a total transaction of $40,859.00.
  • On Monday, June 24th, Kinetics Asset Managem Horizon bought 50 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $782.12 per share, for a total transaction of $39,106.00.
  • On Friday, June 21st, Kinetics Asset Managem Horizon bought 50 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $791.07 per share, for a total transaction of $39,553.50.
  • On Wednesday, June 19th, Kinetics Asset Managem Horizon bought 50 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $755.88 per share, for a total transaction of $37,794.00.
  • On Monday, June 17th, Kinetics Asset Managem Horizon bought 50 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $718.96 per share, for a total transaction of $35,948.00.

Shares of TPL stock opened at $793.00 on Friday. 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 firm has a market cap of $6.21 billion, a price-to-earnings ratio of 20.33 and a beta of 1.25. The business has a 50-day moving average price of $770.10. Texas Pacific Land Trust has a fifty-two week low of $409.00 and a fifty-two week high of $915.66.



Texas Pacific Land Trust (NYSE:TPL) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $18.04 EPS for the quarter. The business 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 raised VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Cordasco Financial Network acquired a new position in shares of Texas Pacific Land Trust during the 1st quarter valued at about $33,000. Cullen Frost Bankers Inc. acquired a new position in shares of Texas Pacific Land Trust during the 1st quarter valued at about $116,000. Rehmann Capital Advisory Group acquired a new position in shares of Texas Pacific Land Trust during the 1st quarter valued at about $136,000. Legal & General Group Plc increased its holdings in shares of Texas Pacific Land Trust by 219.3% during the 4th quarter. Legal & General Group Plc now owns 182 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 125 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC acquired a new position in shares of Texas Pacific Land Trust during the 1st quarter valued at about $176,000. 62.45% of the stock is currently owned by institutional investors and hedge funds.

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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