Texas Pacific Land Trust (NYSE:TPL) Major Shareholder Buys $10,232.94 in Stock

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon acquired 29 shares of the stock in a transaction on Friday, March 20th. The shares were purchased at an average price of $352.86 per share, with a total value of $10,232.94. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 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 Monday, March 23rd, Kinetics Asset Managem Horizon purchased 18 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $308.34 per share, with a total value of $5,550.12.
  • On Wednesday, March 18th, Kinetics Asset Managem Horizon purchased 32 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $310.94 per share, with a total value of $9,950.08.
  • On Thursday, March 12th, Kinetics Asset Managem Horizon acquired 11 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $410.01 per share, with a total value of $4,510.11.
  • On Monday, March 9th, Kinetics Asset Managem Horizon acquired 8 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $467.21 per share, with a total value of $3,737.68.
  • On Thursday, March 5th, Kinetics Asset Managem Horizon acquired 1 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $655.81 per share, with a total value of $655.81.
  • On Tuesday, March 3rd, Kinetics Asset Managem Horizon acquired 1 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $671.08 per share, with a total value of $671.08.
  • On Friday, February 28th, Kinetics Asset Managem Horizon acquired 1 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $695.80 per share, with a total value of $695.80.
  • On Monday, February 24th, Kinetics Asset Managem Horizon acquired 2 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $754.00 per share, with a total value of $1,508.00.
  • On Wednesday, February 12th, Kinetics Asset Managem Horizon acquired 92 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $787.75 per share, with a total value of $72,473.00.
  • On Monday, February 10th, Kinetics Asset Managem Horizon acquired 106 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $777.46 per share, with a total value of $82,410.76.

Shares of TPL opened at $375.00 on Thursday. The company has a current ratio of 19.10, a quick ratio of 19.10 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.02 billion, a P/E ratio of 9.06 and a beta of 1.28. The firm’s fifty day simple moving average is $621.86 and its two-hundred day simple moving average is $671.44. Texas Pacific Land Trust has a 12 month low of $295.05 and a 12 month high of $915.66.

Texas Pacific Land Trust (NYSE:TPL) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $9.20 EPS for the quarter, beating the Zacks’ consensus estimate of $7.37 by $1.83. The business had revenue of $113.33 million for the quarter, compared to analysts’ expectations of $89.00 million. Texas Pacific Land Trust had a net margin of 96.55% and a return on equity of 76.74%. As a group, research analysts predict that Texas Pacific Land Trust will post 38.4 EPS for the current fiscal year.

The company also recently declared an annual dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were given a dividend of $10.00 per share. The ex-dividend date was Friday, March 6th. This represents a yield of 1.4%. This is a boost from Texas Pacific Land Trust’s previous annual dividend of $1.75. Texas Pacific Land Trust’s dividend payout ratio is 24.17%.

A number of analysts have commented on TPL shares. Stifel Nicolaus upped their price target on shares of Texas Pacific Land Trust from $937.00 to $947.00 and gave the company a “buy” rating in a research report on Friday, January 31st. ValuEngine raised shares of Texas Pacific Land Trust from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Independent Advisor Alliance boosted its position in shares of Texas Pacific Land Trust by 1.0% during the 4th quarter. Independent Advisor Alliance now owns 1,644 shares of the financial services provider’s stock worth $1,284,000 after purchasing an additional 16 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Texas Pacific Land Trust by 10.8% during the 4th quarter. Advisor Group Inc. now owns 297 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 29 shares in the last quarter. Evoke Wealth LLC bought a new position in shares of Texas Pacific Land Trust during the 3rd quarter worth about $31,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of Texas Pacific Land Trust by 84.7% during the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 109 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 50 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Texas Pacific Land Trust by 19.3% during the 4th quarter. Victory Capital Management Inc. now owns 327 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 53 shares in the last quarter. 42.04% of the stock is currently owned by institutional investors and hedge funds.

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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