Texas Pacific Land Trust (NYSE:TPL) CFO Robert J. Packer purchased 100 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The stock was purchased at an average price of $589.00 per share, with a total value of $58,900.00. Following the completion of the purchase, the chief financial officer now directly owns 200 shares of the company’s stock, valued at approximately $117,800. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NYSE:TPL traded down $11.18 during mid-day trading on Thursday, reaching $570.71. The stock had a trading volume of 959 shares, compared to its average volume of 21,980. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 26.73 and a beta of 1.30. Texas Pacific Land Trust has a 1-year low of $391.79 and a 1-year high of $877.97.

Texas Pacific Land Trust (NYSE:TPL) last posted its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $6.52 EPS for the quarter. Texas Pacific Land Trust had a return on equity of 126.45% and a net margin of 130.87%. The business had revenue of $31.25 million during the quarter.

Hedge funds and other institutional investors have recently modified their holdings of the business. Fiera Capital Corp bought a new position in Texas Pacific Land Trust in the second quarter worth about $2,920,000. Segment Wealth Management LLC bought a new position in Texas Pacific Land Trust in the third quarter worth about $269,000. Ramsey Quantitative Systems bought a new position in Texas Pacific Land Trust in the third quarter worth about $422,000. Texas Yale Capital Corp. bought a new position in Texas Pacific Land Trust in the second quarter worth about $250,000. Finally, Xact Kapitalforvaltning AB lifted its holdings in Texas Pacific Land Trust by 11.2% in the third quarter. Xact Kapitalforvaltning AB now owns 993 shares of the financial services provider’s stock worth $857,000 after acquiring an additional 100 shares during the last quarter. 39.64% of the stock is currently owned by hedge funds and other institutional investors.

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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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