Insider Buying: Texas Pacific Land Trust (NYSE:TPL) Major Shareholder Acquires $22,029.15 in Stock

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon purchased 33 shares of Texas Pacific Land Trust stock in a transaction on Friday, December 6th. The stock was bought at an average cost of $667.55 per share, with a total value of $22,029.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large 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, December 9th, Kinetics Asset Managem Horizon purchased 40 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $668.94 per share, with a total value of $26,757.60.
  • On Monday, December 2nd, Kinetics Asset Managem Horizon purchased 37 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $650.00 per share, with a total value of $24,050.00.
  • On Friday, November 29th, Kinetics Asset Managem Horizon purchased 33 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $674.98 per share, with a total value of $22,274.34.
  • On Wednesday, November 27th, Kinetics Asset Managem Horizon purchased 33 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $675.99 per share, with a total value of $22,307.67.
  • On Monday, November 25th, Kinetics Asset Managem Horizon acquired 33 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $676.00 per share, with a total value of $22,308.00.
  • On Friday, November 22nd, Kinetics Asset Managem Horizon acquired 26 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $670.00 per share, with a total value of $17,420.00.
  • On Wednesday, November 20th, Kinetics Asset Managem Horizon acquired 46 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $690.18 per share, with a total value of $31,748.28.
  • On Monday, November 18th, Kinetics Asset Managem Horizon acquired 25 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $665.05 per share, with a total value of $16,626.25.
  • On Friday, November 15th, Kinetics Asset Managem Horizon bought 109 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $665.00 per share, with a total value of $72,485.00.
  • On Wednesday, November 13th, Kinetics Asset Managem Horizon bought 23 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $664.37 per share, with a total value of $15,280.51.

Shares of Texas Pacific Land Trust stock opened at $675.02 on Thursday. The stock has a market capitalization of $5.19 billion, a P/E ratio of 16.63 and a beta of 1.36. The company has a quick ratio of 15.99, a current ratio of 15.99 and a debt-to-equity ratio of 0.01. The company has a 50-day simple moving average of $648.69 and a 200 day simple moving average of $689.28. Texas Pacific Land Trust has a 12-month low of $409.00 and a 12-month high of $915.66.

Texas Pacific Land Trust (NYSE:TPL) last announced its earnings results on Thursday, October 31st. The financial services provider reported $7.74 earnings per share (EPS) for the quarter. The business had revenue of $98.53 million during the quarter. Texas Pacific Land Trust had a net margin of 100.01% and a return on equity of 88.89%.

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

Several institutional investors have recently made changes to their positions in TPL. FMR LLC increased its position in shares of Texas Pacific Land Trust by 291.6% during the 1st quarter. FMR LLC now owns 11,355 shares of the financial services provider’s stock worth $8,785,000 after purchasing an additional 8,455 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Texas Pacific Land Trust by 5.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,117 shares of the financial services provider’s stock worth $879,000 after purchasing an additional 58 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new stake in shares of Texas Pacific Land Trust during the 2nd quarter worth about $866,000. SG Americas Securities LLC acquired a new stake in shares of Texas Pacific Land Trust during the 2nd quarter worth about $246,000. Finally, Investec Asset Management LTD acquired a new stake in shares of Texas Pacific Land Trust during the 2nd quarter worth about $7,632,000. Institutional investors and hedge funds own 39.32% of the company’s stock.

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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Insider Buying and Selling by Quarter for Texas Pacific Land Trust (NYSE:TPL)

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