Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon purchased 49 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were purchased at an average cost of $686.90 per share, with a total value of $33,658.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major 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 Wednesday, September 11th, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $655.86 per share, with a total value of $32,137.14.
  • On Friday, September 6th, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $697.48 per share, with a total value of $34,176.52.
  • On Wednesday, September 4th, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $670.27 per share, with a total value of $32,843.23.
  • On Wednesday, August 28th, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $641.58 per share, with a total value of $31,437.42.
  • On Monday, August 26th, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $636.08 per share, with a total value of $31,167.92.
  • On Friday, August 23rd, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $668.39 per share, with a total value of $32,751.11.
  • On Wednesday, August 21st, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $669.37 per share, with a total value of $32,799.13.
  • On Monday, August 19th, Kinetics Asset Managem Horizon bought 49 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $679.36 per share, with a total value of $33,288.64.
  • On Friday, August 16th, Kinetics Asset Managem Horizon bought 49 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $671.46 per share, with a total value of $32,901.54.
  • On Wednesday, August 14th, Kinetics Asset Managem Horizon bought 188 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $641.00 per share, with a total value of $120,508.00.

Shares of NYSE TPL opened at $658.97 on Friday. Texas Pacific Land Trust has a 1-year low of $409.00 and a 1-year high of $915.66. The company has a market cap of $5.05 billion, a PE ratio of 17.23 and a beta of 1.28. The company has a current ratio of 9.76, a quick ratio of 9.76 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $678.99 and a two-hundred day moving average of $761.06.

Texas Pacific Land Trust (NYSE:TPL) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $6.39 earnings per share for the quarter. Texas Pacific Land Trust had a net margin of 123.70% and a return on equity of 104.77%. The company had revenue of $87.31 million during the quarter.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Enterprise Trust & Investment Co bought a new position in shares of Texas Pacific Land Trust in the second quarter worth about $98,000. Rehmann Capital Advisory Group bought a new position in shares of Texas Pacific Land Trust in the first quarter worth about $136,000. MUFG Americas Holdings Corp bought a new position in shares of Texas Pacific Land Trust in the second quarter worth about $197,000. Financial Management Professionals Inc. raised its stake in shares of Texas Pacific Land Trust by 64.9% in the second quarter. Financial Management Professionals Inc. now owns 254 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 100 shares during the last quarter. Finally, Homrich & Berg bought a new position in shares of Texas Pacific Land Trust in the second quarter worth about $214,000. 38.99% of the stock is owned by institutional investors.

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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