Texas Pacific Land Trust (NYSE:TPL) Major Shareholder Kinetics Asset Managem Horizon Purchases 50 Shares of Stock

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Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon purchased 50 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were acquired at an average price of $749.91 per share, for a total transaction of $37,495.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major 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 Wednesday, June 5th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $730.07 per share, for a total transaction of $36,503.50.
  • On Monday, June 3rd, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $738.78 per share, for a total transaction of $36,939.00.
  • On Thursday, May 30th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $799.00 per share, for a total transaction of $39,950.00.
  • On Tuesday, May 28th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $790.32 per share, for a total transaction of $39,516.00.
  • On Friday, May 24th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $790.09 per share, for a total transaction of $39,504.50.
  • On Wednesday, May 22nd, Kinetics Asset Managem Horizon purchased 36 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $831.23 per share, for a total transaction of $29,924.28.
  • On Monday, May 20th, Kinetics Asset Managem Horizon purchased 36 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $860.09 per share, for a total transaction of $30,963.24.
  • On Friday, May 17th, Kinetics Asset Managem Horizon purchased 36 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $845.42 per share, for a total transaction of $30,435.12.
  • On Wednesday, May 15th, Kinetics Asset Managem Horizon purchased 36 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $837.84 per share, for a total transaction of $30,162.24.
  • On Monday, May 13th, Kinetics Asset Managem Horizon purchased 36 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $787.20 per share, for a total transaction of $28,339.20.

Texas Pacific Land Trust stock opened at $750.96 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 18.54 and a current ratio of 18.54. The company has a market cap of $5.87 billion, a P/E ratio of 19.22 and a beta of 1.27. Texas Pacific Land Trust has a 1-year low of $409.00 and a 1-year high of $915.66.

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

Separately, ValuEngine lowered shares of Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a report on Thursday, May 9th.

A number of institutional investors have recently bought and sold shares of TPL. Cordasco Financial Network bought a new stake in Texas Pacific Land Trust during the 1st quarter worth approximately $33,000. Legal & General Group Plc increased its holdings in Texas Pacific Land Trust by 219.3% during the 4th quarter. Legal & General Group Plc now owns 182 shares of the financial services provider’s stock worth $99,000 after acquiring an additional 125 shares during the period. Cullen Frost Bankers Inc. bought a new stake in Texas Pacific Land Trust during the 1st quarter worth approximately $116,000. Advisor Group Inc. increased its holdings in Texas Pacific Land Trust by 34.1% during the 4th quarter. Advisor Group Inc. now owns 236 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 60 shares during the period. Finally, Rehmann Capital Advisory Group bought a new stake in Texas Pacific Land Trust during the 1st quarter worth approximately $136,000. 62.45% of the stock is currently owned by institutional investors and hedge funds.

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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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