Texas Pacific Land Trust (NYSE:TPL) Major Shareholder Kinetics Asset Managem Horizon Purchases 20 Shares

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon purchased 20 shares of the stock in a transaction on Wednesday, December 30th. The shares were purchased at an average price of $723.49 per share, with a total value of $14,469.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% 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 Monday, December 28th, Kinetics Asset Managem Horizon purchased 20 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $694.00 per share, with a total value of $13,880.00.
  • On Wednesday, December 23rd, Kinetics Asset Managem Horizon purchased 20 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $698.84 per share, with a total value of $13,976.80.
  • On Monday, December 21st, Kinetics Asset Managem Horizon purchased 19 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $724.50 per share, with a total value of $13,765.50.
  • On Friday, December 18th, Kinetics Asset Managem Horizon purchased 21 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $740.62 per share, with a total value of $15,553.02.
  • On Tuesday, December 15th, Kinetics Asset Managem Horizon purchased 14 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $700.00 per share, with a total value of $9,800.00.
  • On Wednesday, December 2nd, Kinetics Asset Managem Horizon purchased 26 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $620.20 per share, with a total value of $16,125.20.
  • On Monday, November 30th, Kinetics Asset Managem Horizon purchased 19 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $609.92 per share, with a total value of $11,588.48.
  • On Friday, November 27th, Kinetics Asset Managem Horizon acquired 23 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $589.00 per share, with a total value of $13,547.00.
  • On Wednesday, November 25th, Kinetics Asset Managem Horizon acquired 19 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $623.19 per share, with a total value of $11,840.61.
  • On Wednesday, November 18th, Kinetics Asset Managem Horizon acquired 18 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $581.64 per share, with a total value of $10,469.52.

NYSE TPL opened at $727.00 on Friday. The company has a fifty day simple moving average of $643.58 and a 200 day simple moving average of $556.86. Texas Pacific Land Trust has a 12-month low of $295.05 and a 12-month high of $838.50. The company has a market cap of $5.64 billion, a P/E ratio of 26.06 and a beta of 1.93.

Texas Pacific Land Trust (NYSE:TPL) last posted its quarterly earnings results on Monday, November 2nd. The financial services provider reported $5.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.59 by $2.38. Texas Pacific Land Trust had a net margin of 59.59% and a return on equity of 46.18%. The business had revenue of $74.38 million during the quarter, compared to the consensus estimate of $55.00 million. As a group, sell-side analysts anticipate that Texas Pacific Land Trust will post 19.27 EPS for the current fiscal year.

Several analysts have recently weighed in on TPL shares. BidaskClub lowered shares of Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a research note on Friday, December 25th. Zacks Investment Research raised shares of Texas Pacific Land Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, October 20th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $676.50.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisor Group Holdings Inc. boosted its holdings in Texas Pacific Land Trust by 2.3% during the 2nd quarter. Advisor Group Holdings Inc. now owns 1,063 shares of the financial services provider’s stock worth $632,000 after acquiring an additional 24 shares during the last quarter. Resources Investment Advisors LLC. boosted its holdings in Texas Pacific Land Trust by 4.1% during the 2nd quarter. Resources Investment Advisors LLC. now owns 629 shares of the financial services provider’s stock worth $374,000 after acquiring an additional 25 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in Texas Pacific Land Trust by 2.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,693 shares of the financial services provider’s stock worth $764,000 after acquiring an additional 40 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Texas Pacific Land Trust by 4.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,077 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 50 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Texas Pacific Land Trust by 0.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 10,923 shares of the financial services provider’s stock worth $4,932,000 after acquiring an additional 55 shares during the last quarter. 47.22% of the stock is currently owned by hedge funds and other institutional investors.

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. The Land and Resource Management segment manages various land and related resources in West Texas. This segment has oil and gas royalty interests; enter into easement contracts covering activities, such as oil and gas pipelines and subsurface wellbore easements; and leases land.

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