Texas Pacific Land Trust (NYSE:TPL) Major Shareholder Kinetics Asset Managem Horizon Purchases 49 Shares

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon acquired 49 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $679.65 per share, for a total transaction of $33,302.85. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Large 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 Friday, August 9th, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $673.70 per share, for a total transaction of $33,011.30.
  • On Wednesday, August 7th, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $659.12 per share, for a total transaction of $32,296.88.
  • On Monday, August 5th, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $689.76 per share, for a total transaction of $33,798.24.
  • On Friday, August 2nd, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $720.23 per share, for a total transaction of $35,291.27.
  • On Wednesday, July 31st, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $800.00 per share, for a total transaction of $39,200.00.
  • On Monday, July 29th, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $740.50 per share, for a total transaction of $36,284.50.
  • On Friday, July 26th, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $749.50 per share, for a total transaction of $36,725.50.
  • On Wednesday, July 24th, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $753.12 per share, for a total transaction of $36,902.88.
  • On Monday, July 22nd, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $768.84 per share, for a total transaction of $37,673.16.
  • On Friday, July 19th, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $764.50 per share, for a total transaction of $37,460.50.

NYSE:TPL traded up $14.35 during mid-day trading on Tuesday, reaching $674.30. 75 shares of the company’s stock traded hands, compared to its average volume of 12,714. Texas Pacific Land Trust has a 12-month low of $409.00 and a 12-month high of $915.66. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 17.43 and a beta of 1.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 9.76 and a quick ratio of 9.76. The firm’s 50 day moving average is $756.08.



Large investors have recently made changes to their positions in the stock. Santa Monica Partners LP increased its holdings in Texas Pacific Land Trust by 0.6% during the 1st quarter. Santa Monica Partners LP now owns 17,882 shares of the financial services provider’s stock valued at $13,834,000 after purchasing an additional 102 shares during the period. We Are One Seven LLC grew its holdings in shares of Texas Pacific Land Trust by 2.1% during the 2nd quarter. We Are One Seven LLC now owns 4,535 shares of the financial services provider’s stock worth $3,569,000 after acquiring an additional 95 shares during the period. FMR LLC purchased a new position in shares of Texas Pacific Land Trust during the 4th quarter worth approximately $1,570,000. Advisor Partners LLC purchased a new position in shares of Texas Pacific Land Trust during the 1st quarter worth approximately $967,000. Finally, Moors & Cabot Inc. grew 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 worth $26,770,000 after acquiring an additional 17,293 shares during the period. Institutional investors own 62.68% of the company’s stock.

Separately, ValuEngine downgraded Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a report 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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Insider Buying and Selling by Quarter for Texas Pacific Land Trust (NYSE:TPL)

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