Horizon Kinetics Llc Purchases 42 Shares of Texas Pacific Land Trust (TPL) Stock

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 15th. The stock was bought at an average cost of $903.05 per share, with a total value of $37,928.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Friday, April 12th, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $903.52 per share, with a total value 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 cost of $874.06 per share, with a total value of $36,710.52.
  • On Monday, April 8th, Horizon Kinetics Llc purchased 7 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $814.50 per share, with a total value of $5,701.50.
  • On Friday, April 5th, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $792.27 per share, with a total value of $33,275.34.
  • On Wednesday, April 3rd, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $797.88 per share, with a total value of $33,510.96.
  • On Monday, April 1st, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $784.30 per share, with a total value of $32,940.60.
  • On Friday, March 29th, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $773.48 per share, with a total value of $32,486.16.
  • On Wednesday, March 27th, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $774.38 per share, with a total value of $32,523.96.
  • On Monday, March 25th, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $725.36 per share, with a total value of $30,465.12.
  • On Friday, March 22nd, Horizon Kinetics Llc bought 42 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $751.10 per share, with a total value of $31,546.20.

TPL stock traded down $4.27 on Tuesday, hitting $889.85. 195 shares of the company’s stock traded hands, compared to its average volume of 16,463. Texas Pacific Land Trust has a 1-year low of $409.00 and a 1-year high of $915.66. The firm has a market cap of $6.94 billion, a PE ratio of 33.48 and a beta of 1.32.

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

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

A number of hedge funds have recently added to or reduced their stakes in TPL. Alliancebernstein L.P. purchased a new stake in shares of Texas Pacific Land Trust in the 3rd quarter valued at approximately $1,277,000. Envestnet Asset Management Inc. purchased a new stake in shares of Texas Pacific Land Trust in the 3rd quarter valued at approximately $982,000. Verition Fund Management LLC purchased a new stake in shares of Texas Pacific Land Trust in the 3rd quarter valued at approximately $202,000. Vanguard Group Inc. lifted its position in shares of Texas Pacific Land Trust by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 17,182 shares of the financial services provider’s stock valued at $14,820,000 after acquiring an additional 315 shares in the last quarter. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Texas Pacific Land Trust in the 3rd quarter valued at approximately $1,162,000. 40.06% of the stock is owned by institutional investors and hedge funds.

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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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