Texas Pacific Land Trust (NYSE:TPL) Major Shareholder Buys $36,503.50 in Stock

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon purchased 50 shares of the stock in a transaction on Wednesday, June 5th. The stock was bought at an average cost of $730.07 per share, for a total transaction of $36,503.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Friday, June 28th, Kinetics Asset Managem Horizon bought 50 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $795.24 per share, for a total transaction of $39,762.00.
  • On Wednesday, June 26th, Kinetics Asset Managem Horizon bought 50 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $817.18 per share, for a total transaction of $40,859.00.
  • On Monday, June 24th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $782.12 per share, for a total transaction of $39,106.00.
  • On Friday, June 21st, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $791.07 per share, for a total transaction of $39,553.50.
  • On Wednesday, June 19th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $755.88 per share, for a total transaction of $37,794.00.
  • On Monday, June 17th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $718.96 per share, for a total transaction of $35,948.00.
  • On Friday, June 14th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $739.99 per share, for a total transaction of $36,999.50.
  • On Wednesday, June 12th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $744.22 per share, for a total transaction of $37,211.00.
  • On Monday, June 10th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $764.77 per share, for a total transaction of $38,238.50.
  • On Friday, June 7th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $749.91 per share, for a total transaction of $37,495.50.

Texas Pacific Land Trust stock traded up $25.31 during mid-day trading on Monday, reaching $812.30. The company had a trading volume of 21,100 shares, compared to its average volume of 18,016. Texas Pacific Land Trust has a fifty-two week low of $409.00 and a fifty-two week high of $915.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 18.54 and a current ratio of 18.54. The firm has a market cap of $6.11 billion, a P/E ratio of 20.00 and a beta of 1.25. The company has a fifty day moving average of $779.32.

Texas Pacific Land Trust (NYSE:TPL) last issued its earnings results on Thursday, April 25th. The financial services provider reported $18.04 earnings per share for the quarter. Texas Pacific Land Trust had a net margin of 162.78% and a return on equity of 132.12%. The firm had revenue of $33.21 million for the quarter.

Separately, ValuEngine lowered shares of Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th.

A number of institutional investors have recently modified their holdings of TPL. Vanguard Group Inc. boosted its holdings in Texas Pacific Land Trust by 1.9% during the third quarter. Vanguard Group Inc. now owns 17,182 shares of the financial services provider’s stock worth $14,820,000 after purchasing an additional 315 shares during the last quarter. Xact Kapitalforvaltning AB boosted its holdings in Texas Pacific Land Trust by 10.1% during the fourth quarter. Xact Kapitalforvaltning AB now owns 1,093 shares of the financial services provider’s stock worth $592,000 after purchasing an additional 100 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Texas Pacific Land Trust by 22.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,083 shares of the financial services provider’s stock worth $587,000 after purchasing an additional 201 shares during the last quarter. Beddow Capital Management Inc. boosted its holdings in Texas Pacific Land Trust by 3.8% during the fourth quarter. Beddow Capital Management Inc. now owns 9,215 shares of the financial services provider’s stock worth $4,991,000 after purchasing an additional 339 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new position in Texas Pacific Land Trust during the fourth quarter worth about $1,373,000. Hedge funds and other institutional investors own 62.45% of the company’s stock.

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

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