Texas Pacific Land Trust (NYSE:TPL) Major Shareholder Buys 42 Shares

Texas Pacific Land Trust (NYSE:TPL) major shareholder Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock in a transaction dated Monday, April 1st. The shares were purchased at an average price of $784.30 per share, with a total value of $32,940.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Monday, April 22nd, Horizon Kinetics Llc bought 36 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $896.07 per share, with a total value of $32,258.52.
  • On Wednesday, April 17th, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $887.23 per share, with a total value of $37,263.66.
  • On Monday, April 15th, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $903.05 per share, with a total value of $37,928.10.
  • On Friday, April 12th, Horizon Kinetics Llc acquired 42 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $903.52 per share, for a total transaction of $37,947.84.
  • On Wednesday, April 10th, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $874.06 per share, for a total transaction of $36,710.52.
  • On Monday, April 8th, Horizon Kinetics Llc acquired 7 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $814.50 per share, for a total transaction of $5,701.50.
  • On Friday, April 5th, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $792.27 per share, for a total transaction of $33,275.34.
  • On Wednesday, April 3rd, Horizon Kinetics Llc bought 42 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $797.88 per share, for a total transaction of $33,510.96.
  • On Friday, March 29th, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The stock was acquired at an average price of $773.48 per share, with a total value of $32,486.16.
  • On Wednesday, March 27th, Horizon Kinetics Llc acquired 42 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $774.38 per share, with a total value of $32,523.96.

NYSE:TPL opened at $895.93 on Thursday. 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 cap of $6.95 billion, a P/E ratio of 33.37 and a beta of 1.32.

Texas Pacific Land Trust (NYSE:TPL) last issued its quarterly earnings results on Thursday, January 31st. The financial services provider reported $8.06 earnings per share (EPS) for the quarter. The company had revenue of $93.20 million for the quarter. Texas Pacific Land Trust had a return on equity of 119.34% and a net margin of 115.70%.

Large investors have recently made changes to their positions in the company. Cordasco Financial Network acquired a new position in Texas Pacific Land Trust during the 1st quarter worth approximately $33,000. Financial Management Professionals Inc. raised its stake in Texas Pacific Land Trust by 19.4% during the 4th quarter. Financial Management Professionals Inc. now owns 154 shares of the financial services provider’s stock worth $83,000 after buying an additional 25 shares during the period. Legal & General Group Plc raised its stake in Texas Pacific Land Trust by 219.3% during the 4th quarter. Legal & General Group Plc now owns 182 shares of the financial services provider’s stock worth $99,000 after buying an additional 125 shares during the period. Advisor Group Inc. raised its stake in Texas Pacific Land Trust by 34.1% during the 4th quarter. Advisor Group Inc. now owns 236 shares of the financial services provider’s stock worth $127,000 after buying an additional 60 shares during the period. Finally, Verition Fund Management LLC acquired a new position in Texas Pacific Land Trust during the 3rd quarter worth approximately $202,000. 40.06% of the stock is currently owned by institutional investors.

Separately, ValuEngine upgraded Texas Pacific Land Trust from a “hold” rating to a “buy” rating in a research note on Friday, January 25th.

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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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