Texas Pacific Land Trust (NYSE:TPL) Major Shareholder Purchases $134,992.00 in Stock

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon purchased 236 shares of the stock in a transaction dated Wednesday, June 24th. The shares were acquired at an average cost of $572.00 per share, with a total value of $134,992.00. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 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, June 22nd, Kinetics Asset Managem Horizon acquired 236 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $614.11 per share, for a total transaction of $144,929.96.
  • On Friday, June 19th, Kinetics Asset Managem Horizon acquired 936 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $624.04 per share, for a total transaction of $584,101.44.
  • On Wednesday, June 17th, Kinetics Asset Managem Horizon acquired 236 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $625.12 per share, for a total transaction of $147,528.32.
  • On Monday, June 15th, Kinetics Asset Managem Horizon acquired 236 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $625.57 per share, for a total transaction of $147,634.52.
  • On Friday, June 12th, Kinetics Asset Managem Horizon acquired 238 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $627.00 per share, for a total transaction of $149,226.00.
  • On Friday, May 15th, Kinetics Asset Managem Horizon acquired 5 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $524.35 per share, for a total transaction of $2,621.75.
  • On Wednesday, May 13th, Kinetics Asset Managem Horizon acquired 414 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $511.71 per share, for a total transaction of $211,847.94.
  • On Monday, May 11th, Kinetics Asset Managem Horizon acquired 288 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $520.19 per share, for a total transaction of $149,814.72.
  • On Friday, May 8th, Kinetics Asset Managem Horizon purchased 176 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $521.55 per share, for a total transaction of $91,792.80.
  • On Monday, April 13th, Kinetics Asset Managem Horizon purchased 1 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $515.10 per share, for a total transaction of $515.10.

Shares of NYSE TPL traded up $8.00 during trading on Thursday, reaching $580.00. The company had a trading volume of 208 shares, compared to its average volume of 34,773. The company’s fifty day moving average price is $584.96 and its 200-day moving average price is $627.90. Texas Pacific Land Trust has a 12 month low of $295.05 and a 12 month high of $838.50. The stock has a market cap of $4.50 billion, a P/E ratio of 18.87 and a beta of 1.98. The company has a quick ratio of 13.83, a current ratio of 13.83 and a debt-to-equity ratio of 0.01.

Texas Pacific Land Trust (NYSE:TPL) last announced its earnings results on Thursday, April 30th. The financial services provider reported $7.40 EPS for the quarter, beating the consensus estimate of $7.19 by $0.21. Texas Pacific Land Trust had a return on equity of 53.43% and a net margin of 60.22%. The company had revenue of $96.59 million for the quarter, compared to analyst estimates of $93.00 million. As a group, equities analysts predict that Texas Pacific Land Trust will post 27.82 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in TPL. FMR LLC boosted 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 valued at $8,785,000 after purchasing an additional 8,455 shares in the last quarter. Victory Capital Management Inc. raised its stake in Texas Pacific Land Trust by 21.2% during the 4th quarter. Victory Capital Management Inc. now owns 332 shares of the financial services provider’s stock worth $251,000 after buying an additional 58 shares during the period. State of Tennessee Treasury Department raised its stake in Texas Pacific Land Trust by 21.7% during the 4th quarter. State of Tennessee Treasury Department now owns 646 shares of the financial services provider’s stock worth $505,000 after buying an additional 115 shares during the period. Sei Investments Co. acquired a new position in Texas Pacific Land Trust during the 4th quarter worth approximately $666,000. Finally, GW&K Investment Management LLC acquired a new position in Texas Pacific Land Trust during the 4th quarter worth approximately $5,212,000. Institutional investors own 43.92% of the company’s stock.

A number of research firms have commented on TPL. Zacks Investment Research upgraded Texas Pacific Land Trust from a “hold” rating to a “strong-buy” rating and set a $674.00 price target on the stock in a research report on Tuesday, June 2nd. TheStreet upgraded Texas Pacific Land Trust from a “c+” rating to a “b-” rating in a research report on Friday, May 22nd.

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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