Kinetics Asset Managem Horizon Acquires 51 Shares of Texas Pacific Land Trust (NYSE:TPL) Stock

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon acquired 51 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were bought at an average price of $647.54 per share, for a total transaction of $33,024.54. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 Friday, November 8th, Kinetics Asset Managem Horizon acquired 28 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $645.00 per share, for a total transaction of $18,060.00.
  • On Wednesday, November 6th, Kinetics Asset Managem Horizon acquired 9 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $654.49 per share, for a total transaction of $5,890.41.
  • On Monday, November 4th, Kinetics Asset Managem Horizon acquired 9 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $647.83 per share, for a total transaction of $5,830.47.
  • On Friday, November 1st, Kinetics Asset Managem Horizon acquired 496 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $622.78 per share, for a total transaction of $308,898.88.
  • On Wednesday, October 30th, Kinetics Asset Managem Horizon acquired 14 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $594.46 per share, for a total transaction of $8,322.44.
  • On Monday, October 28th, Kinetics Asset Managem Horizon acquired 9 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $607.00 per share, for a total transaction of $5,463.00.
  • On Friday, October 25th, Kinetics Asset Managem Horizon acquired 9 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $607.73 per share, for a total transaction of $5,469.57.
  • On Wednesday, October 23rd, Kinetics Asset Managem Horizon acquired 9 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $613.70 per share, for a total transaction of $5,523.30.
  • On Monday, October 21st, Kinetics Asset Managem Horizon acquired 9 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $596.85 per share, for a total transaction of $5,371.65.
  • On Friday, October 18th, Kinetics Asset Managem Horizon acquired 9 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $600.03 per share, for a total transaction of $5,400.27.

TPL opened at $664.37 on Thursday. Texas Pacific Land Trust has a 1-year low of $409.00 and a 1-year high of $915.66. The stock’s fifty day simple moving average is $618.59 and its 200 day simple moving average is $710.83. The company has a current ratio of 15.99, a quick ratio of 15.99 and a debt-to-equity ratio of 0.01. The stock has a market cap of $5.02 billion, a PE ratio of 16.10 and a beta of 1.28.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Colony Group LLC purchased a new stake in Texas Pacific Land Trust during the second quarter worth about $10,344,000. Investec Asset Management LTD purchased a new position in Texas Pacific Land Trust in the second quarter worth about $7,632,000. FMR LLC grew its position in Texas Pacific Land Trust by 291.6% in the first quarter. FMR LLC now owns 11,355 shares of the financial services provider’s stock worth $8,785,000 after acquiring an additional 8,455 shares in the last quarter. Man Group plc grew its position in Texas Pacific Land Trust by 544.7% in the second quarter. Man Group plc now owns 8,014 shares of the financial services provider’s stock worth $6,307,000 after acquiring an additional 6,771 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC purchased a new position in Texas Pacific Land Trust in the second quarter worth about $247,000. Institutional investors and hedge funds own 38.82% of the company’s stock.

About Texas Pacific Land Trust

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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