Commonwealth Equity Services LLC Raises Holdings in Texas Pacific Land Trust (NYSE:TPL)

Commonwealth Equity Services LLC lifted its holdings in shares of Texas Pacific Land Trust (NYSE:TPL) by 67.2% during the third quarter, Holdings Channel.com reports. The fund owned 1,868 shares of the financial services provider’s stock after acquiring an additional 751 shares during the period. Commonwealth Equity Services LLC’s holdings in Texas Pacific Land Trust were worth $1,213,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TPL. CWM LLC acquired a new stake in shares of Texas Pacific Land Trust during the third quarter worth about $26,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of Texas Pacific Land Trust by 103.4% during the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 59 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 30 shares during the period. Enterprise Trust & Investment Co acquired a new stake in shares of Texas Pacific Land Trust during the second quarter worth about $98,000. Financial Management Professionals Inc. lifted its holdings in shares of Texas Pacific Land Trust by 8.3% during the third quarter. Financial Management Professionals Inc. now owns 275 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 21 shares during the period. Finally, MUFG Americas Holdings Corp acquired a new stake in shares of Texas Pacific Land Trust during the second quarter worth about $197,000. Institutional investors and hedge funds own 38.82% of the company’s stock.

In other news, major shareholder Kinetics Asset Managem Horizon bought 51 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average price of $647.54 per share, with a total value of $33,024.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 1,306 shares of company stock valued at $842,970 in the last ninety days. Corporate insiders own 0.92% of the company’s stock.

Separately, ValuEngine downgraded Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

Texas Pacific Land Trust stock opened at $664.37 on Thursday. The company has a quick ratio of 15.99, a current ratio of 15.99 and a debt-to-equity ratio of 0.01. Texas Pacific Land Trust has a 52 week low of $409.00 and a 52 week high of $915.66. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 16.03 and a beta of 1.28. The stock has a 50-day moving average price of $618.59 and a 200 day moving average price of $710.83.

Texas Pacific Land Trust 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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Institutional Ownership by Quarter for Texas Pacific Land Trust (NYSE:TPL)

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