Texas Pacific Land Trust (NYSE:TPL) Major Shareholder Buys $39,109.35 in Stock

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon acquired 49 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were bought at an average price of $798.15 per share, for a total transaction of $39,109.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases 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 shares were bought at an average price of $795.00 per share, for a total transaction of $38,955.00.
  • On Wednesday, July 10th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The stock was acquired at an average price of $797.58 per share, for a total transaction of $39,879.00.
  • On Monday, July 8th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The stock was acquired at an average price of $810.20 per share, for a total transaction of $40,510.00.
  • On Friday, July 5th, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $798.67 per share, for a total transaction of $39,933.50.
  • On Wednesday, July 3rd, Kinetics Asset Managem Horizon bought 50 shares of Texas Pacific Land Trust stock. The shares were bought 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 bought 50 shares of Texas Pacific Land Trust stock. The shares were bought 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 acquired 50 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $795.24 per share, with a total value of $39,762.00.
  • On Wednesday, June 26th, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $817.18 per share, with a total value of $40,859.00.
  • On Monday, June 24th, Kinetics Asset Managem Horizon bought 50 shares of Texas Pacific Land Trust stock. The stock was purchased at an average price of $782.12 per share, with a total value of $39,106.00.
  • On Friday, June 21st, Kinetics Asset Managem Horizon bought 50 shares of Texas Pacific Land Trust stock. The stock was purchased at an average price of $791.07 per share, with a total value of $39,553.50.

TPL stock opened at $765.43 on Thursday. The company has a current ratio of 18.54, a quick ratio of 18.54 and a debt-to-equity ratio of 0.01. Texas Pacific Land Trust has a 12-month low of $409.00 and a 12-month high of $915.66. The firm has a market cap of $6.10 billion, a PE ratio of 19.98 and a beta of 1.25. The business has a 50-day moving average price of $769.74.

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 return on equity of 132.12% and a net margin of 162.78%. The business had revenue of $33.21 million for the quarter.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. We Are One Seven LLC boosted its position in Texas Pacific Land Trust by 2.1% during the second quarter. We Are One Seven LLC now owns 4,535 shares of the financial services provider’s stock worth $3,569,000 after acquiring an additional 95 shares during the last quarter. Arlington Partners LLC raised its stake in shares of Texas Pacific Land Trust by 17,900.0% in the 2nd quarter. Arlington Partners LLC now owns 3,600 shares of the financial services provider’s stock valued at $2,833,000 after acquiring an additional 3,580 shares during the period. FMR LLC raised its stake in shares of Texas Pacific Land Trust by 291.6% in the 1st quarter. FMR LLC now owns 11,355 shares of the financial services provider’s stock valued at $8,785,000 after acquiring an additional 8,455 shares during the period. Nordea Investment Management AB purchased a new stake in Texas Pacific Land Trust during the 1st quarter worth $3,901,000. Finally, Rehmann Capital Advisory Group purchased a new stake in Texas Pacific Land Trust during the 1st quarter worth $136,000. 62.45% of the stock is currently owned by institutional investors.

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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