Texas Pacific Land Trust (NYSE:TPL) Major Shareholder Kinetics Asset Managem Horizon Acquires 157 Shares

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon acquired 157 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was acquired at an average cost of $769.49 per share, for a total transaction of $120,809.93. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% 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 Monday, July 15th, Kinetics Asset Managem Horizon acquired 49 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $795.00 per share, for a total transaction of $38,955.00.
  • On Friday, July 12th, Kinetics Asset Managem Horizon acquired 49 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $798.15 per share, for a total transaction of $39,109.35.
  • On Wednesday, July 10th, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $797.58 per share, for a total transaction of $39,879.00.
  • On Monday, July 8th, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $810.20 per share, for a total transaction of $40,510.00.
  • On Friday, July 5th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $798.67 per share, for a total transaction of $39,933.50.
  • On Wednesday, July 3rd, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $793.74 per share, for a total transaction of $39,687.00.
  • On Monday, July 1st, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $799.99 per share, for a total transaction of $39,999.50.
  • On Friday, June 28th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased 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 purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased 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 cost of $782.12 per share, for a total transaction of $39,106.00.

NYSE TPL opened at $761.50 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 18.54 and a quick ratio of 18.54. The stock’s fifty day moving average price is $768.54. Texas Pacific Land Trust has a 1 year low of $409.00 and a 1 year high of $915.66. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 19.38 and a beta of 1.25.

Texas Pacific Land Trust (NYSE:TPL) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $18.04 earnings per share (EPS) 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.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cordasco Financial Network acquired a new position in shares of Texas Pacific Land Trust in the first quarter valued at about $33,000. Cullen Frost Bankers Inc. acquired a new position in shares of Texas Pacific Land Trust in the first quarter valued at about $116,000. Rehmann Capital Advisory Group acquired a new position in shares of Texas Pacific Land Trust in the first quarter valued at about $136,000. Legal & General Group Plc grew its stake in shares of Texas Pacific Land Trust by 219.3% in the fourth quarter. Legal & General Group Plc now owns 182 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 125 shares in the last quarter. Finally, Osborn Williams & Donohoe LLC acquired a new position in shares of Texas Pacific Land Trust in the first quarter valued at about $176,000. 62.45% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine raised shares of VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th.

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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