Vanguard Group Inc. Trims Stake in Texas Pacific Land Trust (TPL)

Vanguard Group Inc. trimmed its position in Texas Pacific Land Trust (NYSE:TPL) by 18.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,358 shares of the financial services provider’s stock after selling 3,093 shares during the quarter. Vanguard Group Inc. owned about 0.17% of Texas Pacific Land Trust worth $3,924,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bahl & Gaynor Inc. increased its holdings in Texas Pacific Land Trust by 3.4% in the 2nd quarter. Bahl & Gaynor Inc. now owns 4,500 shares of the financial services provider’s stock worth $1,335,000 after acquiring an additional 150 shares in the last quarter. Raymond James Trust N.A. purchased a new stake in Texas Pacific Land Trust in the 2nd quarter worth approximately $291,000. Filament LLC purchased a new stake in Texas Pacific Land Trust in the 2nd quarter worth approximately $352,000. Kennedy Capital Management Inc. purchased a new stake in Texas Pacific Land Trust in the 2nd quarter worth approximately $2,936,000. Finally, Cim LLC purchased a new stake in Texas Pacific Land Trust in the 2nd quarter worth approximately $493,000. 39.94% of the stock is owned by institutional investors.

Texas Pacific Land Trust (NYSE TPL) traded down $2.75 during mid-day trading on Monday, reaching $405.01. The company’s stock had a trading volume of 7,000 shares, compared to its average volume of 18,686. Texas Pacific Land Trust has a 1-year low of $259.00 and a 1-year high of $434.99. The company has a market cap of $3,174.89, a P/E ratio of 46.39 and a beta of 0.92.

Texas Pacific Land Trust (NYSE:TPL) last posted its quarterly earnings results on Monday, October 30th. The financial services provider reported $3.36 earnings per share for the quarter. Texas Pacific Land Trust had a return on equity of 133.04% and a net margin of 69.87%. The business had revenue of $42.50 million during the quarter.

Several equities research analysts recently issued reports on TPL shares. BidaskClub raised shares of 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 Friday.

TRADEMARK VIOLATION WARNING: “Vanguard Group Inc. Trims Stake in Texas Pacific Land Trust (TPL)” was reported by Community Financial News and is owned by of Community Financial News. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://www.com-unik.info/2017/12/04/vanguard-group-inc-trims-stake-in-texas-pacific-land-trust-tpl.html.

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