Kinetics Asset Managem Horizon Acquires 150 Shares of Texas Pacific Land Trust (NYSE:TPL) Stock

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon bought 150 shares of the stock in a transaction dated Monday, January 13th. The shares were purchased at an average price of $804.90 per share, with a total value of $120,735.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Kinetics Asset Managem Horizon also recently made the following trade(s):

  • On Friday, January 10th, Kinetics Asset Managem Horizon bought 150 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $809.28 per share, with a total value of $121,392.00.
  • On Wednesday, January 8th, Kinetics Asset Managem Horizon bought 150 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $819.37 per share, with a total value of $122,905.50.
  • On Monday, January 6th, Kinetics Asset Managem Horizon bought 10 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $803.50 per share, with a total value of $8,035.00.
  • On Thursday, January 2nd, Kinetics Asset Managem Horizon bought 10 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $784.50 per share, with a total value of $7,845.00.
  • On Monday, December 30th, Kinetics Asset Managem Horizon bought 8 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $788.34 per share, with a total value of $6,306.72.
  • On Friday, December 20th, Kinetics Asset Managem Horizon bought 41 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $765.92 per share, with a total value of $31,402.72.
  • On Wednesday, December 18th, Kinetics Asset Managem Horizon bought 41 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $708.12 per share, with a total value of $29,032.92.
  • On Monday, December 16th, Kinetics Asset Managem Horizon bought 47 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $695.05 per share, with a total value of $32,667.35.
  • On Friday, December 13th, Kinetics Asset Managem Horizon purchased 40 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $683.86 per share, with a total value of $27,354.40.
  • On Wednesday, December 11th, Kinetics Asset Managem Horizon purchased 40 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $675.02 per share, with a total value of $27,000.80.

TPL traded down $8.19 during trading on Tuesday, reaching $796.71. The company had a trading volume of 1,090 shares, compared to its average volume of 19,604. The stock has a market cap of $6.19 billion, a P/E ratio of 29.58 and a beta of 1.35. The business has a 50 day simple moving average of $735.54 and a 200-day simple moving average of $691.26. Texas Pacific Land Trust has a 52 week low of $565.10 and a 52 week high of $915.66. 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 (NYSE:TPL) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $7.74 earnings per share (EPS) for the quarter. The company had revenue of $98.53 million during the quarter. Texas Pacific Land Trust had a return on equity of 88.89% and a net margin of 100.01%. As a group, equities research analysts expect that Texas Pacific Land Trust will post 28.89 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in TPL. Washburn Capital Management Inc. acquired a new position in Texas Pacific Land Trust during the 4th quarter worth about $1,982,000. Evoke Wealth LLC acquired a new position in Texas Pacific Land Trust in the third quarter valued at approximately $31,000. Lagoda Investment Management L.P. lifted its holdings in Texas Pacific Land Trust by 1.6% in the third quarter. Lagoda Investment Management L.P. now owns 9,943 shares of the financial services provider’s stock valued at $6,459,000 after acquiring an additional 161 shares during the period. Man Group plc lifted its holdings in Texas Pacific Land Trust by 138.4% in the third quarter. Man Group plc now owns 19,104 shares of the financial services provider’s stock valued at $12,409,000 after acquiring an additional 11,090 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Texas Pacific Land Trust in the third quarter valued at approximately $227,000. Institutional investors and hedge funds own 39.28% of the company’s stock.

A number of analysts recently issued reports on the company. Stifel Nicolaus assumed coverage on Texas Pacific Land Trust in a research report on Wednesday, January 8th. They issued a “buy” rating and a $937.00 price target for the company. ValuEngine downgraded Texas Pacific Land Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, December 17th.

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.

Read More: Differences Between Momentum Investing and Long Term Investing

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

Receive News & Ratings for Texas Pacific Land Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Pacific Land Trust and related companies with MarketBeat.com's FREE daily email newsletter.