Texas Pacific Land Trust (NYSE:TPL) Major Shareholder Acquires $39,879.00 in Stock

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon purchased 50 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was purchased at an average cost of $797.58 per share, for a total transaction of $39,879.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 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 Monday, July 8th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $810.20 per share, for a total transaction of $40,510.00.
  • On Friday, July 5th, Kinetics Asset Managem Horizon purchased 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 purchased 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 purchased 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 purchased 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 purchased 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 purchased 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 purchased 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 purchased 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 purchased 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.

NYSE:TPL opened at $790.24 on Friday. The company has a current ratio of 18.54, a quick ratio of 18.54 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $770.00. The firm has a market capitalization of $6.15 billion, a P/E ratio of 20.15 and a beta of 1.25. 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 (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 note on Thursday, May 9th.

Several large investors have recently added to or reduced their stakes in the stock. FIL Ltd increased its position in shares of Texas Pacific Land Trust by 38.1% in the first 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 during the last quarter. Bank of New York Mellon Corp increased its position in shares of Texas Pacific Land Trust by 5.8% in the fourth quarter. Bank of New York Mellon Corp now owns 39,367 shares of the financial services provider’s stock valued at $21,322,000 after acquiring an additional 2,175 shares during the last quarter. Polar Capital LLP increased its position in shares of Texas Pacific Land Trust by 30.1% in the fourth quarter. Polar Capital LLP now owns 37,265 shares of the financial services provider’s stock valued at $20,184,000 after acquiring an additional 8,617 shares during the last quarter. Schwartz Investment Counsel Inc. increased its position in shares of Texas Pacific Land Trust by 1.5% in the first quarter. Schwartz Investment Counsel Inc. now owns 35,930 shares of the financial services provider’s stock valued at $27,797,000 after acquiring an additional 530 shares during the last quarter. Finally, Moors & Cabot Inc. increased its position in shares of Texas Pacific Land Trust by 99.9% in the first quarter. Moors & Cabot Inc. now owns 34,596 shares of the financial services provider’s stock valued at $26,770,000 after acquiring an additional 17,293 shares during the last quarter. 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.

Further Reading: Momentum Indicators

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

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