Kinetics Asset Managem Horizon Buys 236 Shares of Texas Pacific Land Trust (NYSE:TPL) Stock

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon purchased 236 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was acquired at an average price of $572.15 per share, for a total transaction of $135,027.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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, June 29th, Kinetics Asset Managem Horizon acquired 236 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $570.01 per share, for a total transaction of $134,522.36.
  • On Wednesday, June 24th, Kinetics Asset Managem Horizon purchased 236 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $572.00 per share, for a total transaction of $134,992.00.
  • On Monday, June 22nd, Kinetics Asset Managem Horizon purchased 236 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $614.11 per share, for a total transaction of $144,929.96.
  • On Friday, June 19th, Kinetics Asset Managem Horizon purchased 936 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $624.04 per share, for a total transaction of $584,101.44.
  • On Wednesday, June 17th, Kinetics Asset Managem Horizon purchased 236 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $625.12 per share, for a total transaction of $147,528.32.
  • On Monday, June 15th, Kinetics Asset Managem Horizon purchased 236 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $625.57 per share, for a total transaction of $147,634.52.
  • On Friday, June 12th, Kinetics Asset Managem Horizon purchased 238 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $627.00 per share, for a total transaction of $149,226.00.
  • On Friday, May 15th, Kinetics Asset Managem Horizon purchased 5 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $524.35 per share, for a total transaction of $2,621.75.
  • On Wednesday, May 13th, Kinetics Asset Managem Horizon purchased 414 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $511.71 per share, for a total transaction of $211,847.94.
  • On Monday, May 11th, Kinetics Asset Managem Horizon acquired 288 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $520.19 per share, with a total value of $149,814.72.

Shares of NYSE:TPL opened at $570.01 on Wednesday. Texas Pacific Land Trust has a 52 week low of $295.05 and a 52 week high of $838.50. The stock has a market capitalization of $4.42 billion, a P/E ratio of 18.55 and a beta of 1.98. The firm has a fifty day simple moving average of $592.77 and a two-hundred day simple moving average of $625.19. The company has a quick ratio of 13.83, a current ratio of 13.83 and a debt-to-equity ratio of 0.01.

Texas Pacific Land Trust (NYSE:TPL) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $7.40 EPS for the quarter, topping analysts’ consensus estimates of $7.19 by $0.21. Texas Pacific Land Trust had a net margin of 60.22% and a return on equity of 53.43%. The firm had revenue of $96.59 million during the quarter, compared to analysts’ expectations of $93.00 million. On average, analysts expect that Texas Pacific Land Trust will post 27.82 earnings per share for the current year.

A number of brokerages have commented on TPL. Zacks Investment Research raised shares of Texas Pacific Land Trust from a “hold” rating to a “strong-buy” rating and set a $674.00 price objective for the company in a research note on Tuesday, June 2nd. TheStreet raised shares of Texas Pacific Land Trust from a “c+” rating to a “b-” rating in a research note on Friday, May 22nd.

A number of institutional investors have recently added to or reduced their stakes in the business. Altus Wealth Management LLC boosted its position in Texas Pacific Land Trust by 1.9% in the 1st quarter. Altus Wealth Management LLC now owns 1,082 shares of the financial services provider’s stock valued at $411,000 after buying an additional 20 shares during the period. Advisor Group Inc. raised its stake 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 acquiring an additional 29 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Texas Pacific Land Trust by 20.4% during the 1st quarter. Legal & General Group Plc now owns 266 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 45 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake 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 acquiring an additional 50 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its position in Texas Pacific Land Trust by 18.5% during the 1st quarter. Financial Management Professionals Inc. now owns 326 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 51 shares during the last quarter. 43.92% of the stock is owned by institutional investors.

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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