Insider Buying: Texas Pacific Land Trust (NYSE:TPL) Major Shareholder Purchases 23 Shares of Stock

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon acquired 23 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were purchased at an average cost of $664.37 per share, for a total transaction of $15,280.51. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Monday, November 11th, Kinetics Asset Managem Horizon acquired 51 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $647.54 per share, for a total transaction of $33,024.54.
  • On Friday, November 8th, Kinetics Asset Managem Horizon acquired 28 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $645.00 per share, for a total transaction of $18,060.00.
  • On Wednesday, November 6th, Kinetics Asset Managem Horizon acquired 9 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $654.49 per share, for a total transaction of $5,890.41.
  • On Monday, November 4th, Kinetics Asset Managem Horizon acquired 9 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $647.83 per share, for a total transaction of $5,830.47.
  • On Friday, November 1st, Kinetics Asset Managem Horizon acquired 496 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $622.78 per share, for a total transaction of $308,898.88.
  • On Wednesday, October 30th, Kinetics Asset Managem Horizon acquired 14 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $594.46 per share, for a total transaction of $8,322.44.
  • On Monday, October 28th, Kinetics Asset Managem Horizon acquired 9 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $607.00 per share, for a total transaction of $5,463.00.
  • On Friday, October 25th, Kinetics Asset Managem Horizon acquired 9 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $607.73 per share, for a total transaction of $5,469.57.
  • On Wednesday, October 23rd, Kinetics Asset Managem Horizon acquired 9 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $613.70 per share, for a total transaction of $5,523.30.
  • On Monday, October 21st, Kinetics Asset Managem Horizon acquired 9 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $596.85 per share, for a total transaction of $5,371.65.

Shares of TPL traded up $13.99 during mid-day trading on Friday, hitting $665.00. 11,900 shares of the company traded hands, compared to its average volume of 16,311. Texas Pacific Land Trust has a one year low of $409.00 and a one year high of $915.66. The company has a current ratio of 15.99, a quick ratio of 15.99 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average of $618.55 and a 200 day moving average of $709.63. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 16.08 and a beta of 1.28.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TPL. CWM LLC bought a new stake in shares of Texas Pacific Land Trust during the third quarter valued at approximately $26,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of Texas Pacific Land Trust by 103.4% during the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 59 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 30 shares during the last quarter. Enterprise Trust & Investment Co bought a new stake in shares of Texas Pacific Land Trust during the second quarter valued at approximately $98,000. Financial Management Professionals Inc. grew its stake in shares of Texas Pacific Land Trust by 8.3% during the third quarter. Financial Management Professionals Inc. now owns 275 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 21 shares during the last quarter. Finally, MUFG Americas Holdings Corp bought a new stake in shares of Texas Pacific Land Trust during the second quarter valued at approximately $197,000. 38.82% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine cut shares of Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

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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