Texas Pacific Land Trust (TPL) Position Increased by Financial Management Professionals Inc.

Financial Management Professionals Inc. lifted its stake in shares of Texas Pacific Land Trust (NYSE:TPL) by 19.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 154 shares of the financial services provider’s stock after acquiring an additional 25 shares during the period. Financial Management Professionals Inc.’s holdings in Texas Pacific Land Trust were worth $83,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Lee Financial Co bought a new position in shares of Texas Pacific Land Trust in the third quarter worth approximately $130,000. Verition Fund Management LLC purchased a new position in shares of Texas Pacific Land Trust during the third quarter valued at approximately $202,000. MML Investors Services LLC purchased a new position in shares of Texas Pacific Land Trust during the third quarter valued at approximately $223,000. Lincoln National Corp purchased a new position in shares of Texas Pacific Land Trust during the third quarter valued at approximately $237,000. Finally, D.A. Davidson & CO. purchased a new position in shares of Texas Pacific Land Trust during the third quarter valued at approximately $240,000. Institutional investors own 39.55% of the company’s stock.

In other news, insider Maurice Meyer III sold 500 shares of the stock in a transaction on Monday, November 19th. The shares were sold at an average price of $607.26, for a total value of $303,630.00. Following the sale, the insider now owns 60,546 shares of the company’s stock, valued at $36,767,163.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David E. Barry bought 100 shares of Texas Pacific Land Trust stock in a transaction dated Wednesday, December 26th. The stock was purchased at an average cost of $467.06 per share, for a total transaction of $46,706.00. Following the purchase, the insider now owns 300 shares of the company’s stock, valued at approximately $140,118. The disclosure for this purchase can be found here. 0.92% of the stock is currently owned by corporate insiders.

Separately, ValuEngine raised shares of Texas Pacific Land Trust from a “hold” rating to a “buy” rating in a report on Friday, January 25th.

Shares of TPL stock opened at $724.82 on Thursday. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 26.02 and a beta of 1.47. Texas Pacific Land Trust has a 12 month low of $409.00 and a 12 month high of $877.97.

Texas Pacific Land Trust (NYSE:TPL) last announced its quarterly earnings data on Thursday, January 31st. The financial services provider reported $8.06 earnings per share (EPS) for the quarter. Texas Pacific Land Trust had a net margin of 115.70% and a return on equity of 137.29%. The firm had revenue of $93.20 million during the quarter.

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Texas Pacific Land Trust 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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Institutional Ownership by Quarter for Texas Pacific Land Trust (NYSE:TPL)

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