Sei Investments Co. Buys Shares of 500 Texas Pacific Land Trust (TPL)

Sei Investments Co. bought a new stake in shares of Texas Pacific Land Trust (NYSE:TPL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 500 shares of the financial services provider’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WFG Advisors LP raised its position in shares of Texas Pacific Land Trust by 32.3% during the 2nd quarter. WFG Advisors LP now owns 582 shares of the financial services provider’s stock valued at $171,000 after buying an additional 142 shares in the last quarter. WMS Partners LLC bought a new position in Texas Pacific Land Trust during the 3rd quarter valued at about $202,000. Boys Arnold & Co. Inc. bought a new position in Texas Pacific Land Trust during the 3rd quarter valued at about $202,000. Aperio Group LLC bought a new position in Texas Pacific Land Trust during the 3rd quarter valued at about $227,000. Finally, Fisher Asset Management LLC bought a new position in Texas Pacific Land Trust during the 3rd quarter valued at about $229,000. Hedge funds and other institutional investors own 39.94% of the company’s stock.

Separately, ValuEngine downgraded shares of Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

Shares of Texas Pacific Land Trust (NYSE TPL) traded down $2.44 during trading hours on Friday, reaching $397.01. 18,292 shares of the company traded hands, compared to its average volume of 8,036. The company has a market cap of $3,131.30, a P/E ratio of 45.76 and a beta of 0.92. Texas Pacific Land Trust has a one year low of $259.00 and a one year high of $434.99.

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

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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.

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

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