Texas Pacific Land Trust (NYSE:TPL) Major Shareholder Purchases $39,933.50 in Stock

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon purchased 50 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were purchased at an average cost of $798.67 per share, with a total value of $39,933.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Monday, July 8th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $810.20 per share, with a total value of $40,510.00.
  • On Wednesday, July 3rd, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $793.74 per share, with a total value of $39,687.00.
  • On Monday, July 1st, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $799.99 per share, with a total value of $39,999.50.
  • On Friday, June 28th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased 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 purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased 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 purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $782.12 per share, with a total value of $39,106.00.
  • On Friday, June 21st, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $791.07 per share, with a total value of $39,553.50.
  • On Wednesday, June 19th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $755.88 per share, with a total value of $37,794.00.
  • On Monday, June 17th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $718.96 per share, with a total value of $35,948.00.
  • On Friday, June 14th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $739.99 per share, with a total value of $36,999.50.

NYSE TPL opened at $800.05 on Thursday. The stock has a market capitalization of $6.22 billion, a PE ratio of 20.33 and a beta of 1.25. Texas Pacific Land Trust has a 52-week low of $409.00 and a 52-week high of $915.66. The business’s 50-day moving average price is $771.05. The company has a quick ratio of 18.54, a current ratio of 18.54 and a debt-to-equity ratio of 0.01.

Texas Pacific Land Trust (NYSE:TPL) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $18.04 earnings per share (EPS) for the quarter. The firm had revenue of $33.21 million during the quarter. Texas Pacific Land Trust had a net margin of 162.78% and a return on equity of 132.12%.

Institutional investors and hedge funds have recently modified their holdings of the business. Santa Monica Partners LP grew its position in Texas Pacific Land Trust by 0.6% during the first quarter. Santa Monica Partners LP now owns 17,882 shares of the financial services provider’s stock worth $13,834,000 after buying an additional 102 shares during the period. FMR LLC acquired a new position in Texas Pacific Land Trust during the fourth quarter worth about $1,570,000. Advisor Partners LLC acquired a new position in Texas Pacific Land Trust during the first quarter worth about $967,000. Moors & Cabot Inc. grew its position in Texas Pacific Land Trust by 99.9% during the first quarter. Moors & Cabot Inc. now owns 34,596 shares of the financial services provider’s stock worth $26,770,000 after buying an additional 17,293 shares during the period. Finally, Swiss National Bank grew its position in Texas Pacific Land Trust by 2.7% during the first quarter. Swiss National Bank now owns 11,317 shares of the financial services provider’s stock worth $8,755,000 after buying an additional 300 shares during the period. Institutional investors own 62.45% of the company’s stock.

Separately, ValuEngine raised shares of VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a report on Thursday, May 9th.

About Texas Pacific Land Trust

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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