Boys Arnold & Co. Inc. Purchases Shares of 500 Texas Pacific Land Trust (TPL)

Boys Arnold & Co. Inc. purchased a new position in Texas Pacific Land Trust (NYSE:TPL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 500 shares of the financial services provider’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Moors & Cabot Inc. lifted its holdings in Texas Pacific Land Trust by 25.6% in the 2nd quarter. Moors & Cabot Inc. now owns 3,795 shares of the financial services provider’s stock worth $1,118,000 after purchasing an additional 773 shares in the last quarter. EagleClaw Capital Managment LLC lifted its holdings in Texas Pacific Land Trust by 8.8% in the 2nd quarter. EagleClaw Capital Managment LLC now owns 5,565 shares of the financial services provider’s stock worth $1,633,000 after purchasing an additional 450 shares in the last quarter. Moloney Securities Asset Management LLC purchased a new position in Texas Pacific Land Trust in the 3rd quarter worth approximately $257,000. Steinberg Global Asset Management lifted its holdings in Texas Pacific Land Trust by 26.3% in the 2nd quarter. Steinberg Global Asset Management now owns 12,750 shares of the financial services provider’s stock worth $3,746,000 after purchasing an additional 2,655 shares in the last quarter. Finally, Fernwood Investment Management LLC lifted its holdings in Texas Pacific Land Trust by 82.1% in the 2nd quarter. Fernwood Investment Management LLC now owns 2,695 shares of the financial services provider’s stock worth $792,000 after purchasing an additional 1,215 shares in the last quarter. 39.46% of the stock is currently owned by institutional investors.

WARNING: “Boys Arnold & Co. Inc. Purchases Shares of 500 Texas Pacific Land Trust (TPL)” was originally posted by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://www.com-unik.info/2017/11/01/boys-arnold-co-inc-purchases-shares-of-500-texas-pacific-land-trust-tpl.html.

Texas Pacific Land Trust (NYSE:TPL) traded up 1.70% during mid-day trading on Wednesday, reaching $414.15. The company’s stock had a trading volume of 569 shares. Texas Pacific Land Trust has a 12-month low of $249.00 and a 12-month high of $434.99. The firm’s 50 day moving average is $403.02 and its 200-day moving average is $341.05. The company has a market cap of $3.25 billion, a PE ratio of 63.65 and a beta of 0.98.

Texas Pacific Land Trust (NYSE:TPL) last released its earnings results on Monday, October 30th. The financial services provider reported $3.36 earnings per share for the quarter. The business had revenue of $42.50 million for the quarter. Texas Pacific Land Trust had a return on equity of 148.35% and a net margin of 69.87%.

A number of research firms recently commented on TPL. BidaskClub raised Texas Pacific Land Trust from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. ValuEngine downgraded Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th.

Texas Pacific Land Trust Company Profile

Texas Pacific Land Trust (the Trust) is engaged in managing land, including royalty interests, for the benefit of its owners. The Company operates through managing the land segment, which includes sales and leases of such land, and the retention of oil and gas royalties. The Trust derives revenue from all avenues of managing the land, such as oil and gas royalties, grazing leases, easements, sundry and specialty leases, and land sales.

Want to see what other hedge funds are holding TPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Pacific Land Trust (NYSE:TPL).

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

What are top analysts saying about Texas Pacific Land Trust? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Texas Pacific Land Trust and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit