Kinetics Asset Managem Horizon Purchases 49 Shares of Texas Pacific Land Trust (NYSE:TPL) Stock

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon acquired 49 shares of the stock in a transaction on Monday, September 9th. The shares were acquired at an average cost of $686.90 per share, for a total transaction of $33,658.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 Friday, September 6th, Kinetics Asset Managem Horizon bought 49 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $697.48 per share, with a total value of $34,176.52.
  • On Wednesday, September 4th, Kinetics Asset Managem Horizon bought 49 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $670.27 per share, with a total value of $32,843.23.
  • On Wednesday, August 28th, Kinetics Asset Managem Horizon bought 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $641.58 per share, with a total value of $31,437.42.
  • On Monday, August 26th, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The shares were bought at an average cost of $636.08 per share, for a total transaction of $31,167.92.
  • On Friday, August 23rd, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The shares were bought at an average cost of $668.39 per share, for a total transaction of $32,751.11.
  • On Wednesday, August 21st, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $669.37 per share, for a total transaction of $32,799.13.
  • On Monday, August 19th, Kinetics Asset Managem Horizon acquired 49 shares of Texas Pacific Land Trust stock. The shares were bought at an average cost of $679.36 per share, with a total value of $33,288.64.
  • On Friday, August 16th, Kinetics Asset Managem Horizon acquired 49 shares of Texas Pacific Land Trust stock. The shares were bought at an average cost of $671.46 per share, with a total value of $32,901.54.
  • On Wednesday, August 14th, Kinetics Asset Managem Horizon acquired 188 shares of Texas Pacific Land Trust stock. The shares were bought at an average cost of $641.00 per share, with a total value of $120,508.00.
  • On Monday, August 12th, Kinetics Asset Managem Horizon bought 49 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $679.65 per share, for a total transaction of $33,302.85.

Shares of NYSE:TPL traded down $16.44 during trading on Tuesday, reaching $655.61. The company had a trading volume of 965 shares, compared to its average volume of 15,659. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 17.41 and a beta of 1.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 9.76 and a quick ratio of 9.76. The stock’s fifty day moving average price is $683.39 and its 200 day moving average price is $762.33. Texas Pacific Land Trust has a fifty-two week low of $409.00 and a fifty-two week high of $915.66.

Texas Pacific Land Trust (NYSE:TPL) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $6.39 earnings per share for the quarter. Texas Pacific Land Trust had a return on equity of 104.77% and a net margin of 123.70%. The firm had revenue of $87.31 million during the quarter.

A number of institutional investors and hedge funds have recently made changes to their positions in TPL. Enterprise Trust & Investment Co purchased a new stake in shares of Texas Pacific Land Trust in the second quarter valued at approximately $98,000. Rehmann Capital Advisory Group purchased a new stake in shares of Texas Pacific Land Trust during the 1st quarter worth $136,000. MUFG Americas Holdings Corp purchased a new stake in shares of Texas Pacific Land Trust during the 2nd quarter worth $197,000. Financial Management Professionals Inc. boosted its position in shares of Texas Pacific Land Trust by 64.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 254 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 100 shares in the last quarter. Finally, Homrich & Berg acquired a new position in shares of Texas Pacific Land Trust during the 2nd quarter worth $214,000. 38.99% of the stock is currently owned by institutional investors.

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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