Lincoln National Corp bought a new stake in shares of Texas Pacific Land Trust (NYSE:TPL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 275 shares of the financial services provider’s stock, valued at approximately $237,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC purchased a new position in Texas Pacific Land Trust during the 1st quarter valued at $460,000. Fiera Capital Corp purchased a new position in Texas Pacific Land Trust during the 2nd quarter valued at $2,920,000. Texas Yale Capital Corp. purchased a new position in Texas Pacific Land Trust during the 2nd quarter valued at $250,000. Ramsey Quantitative Systems purchased a new position in Texas Pacific Land Trust during the 3rd quarter valued at $422,000. Finally, Steinberg Global Asset Management purchased a new position in Texas Pacific Land Trust during the 2nd quarter valued at $9,024,000. 39.74% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider David E. Barry bought 100 shares of the stock in a transaction on Thursday, October 11th. The stock was acquired at an average cost of $810.00 per share, for a total transaction of $81,000.00. Following the acquisition, the insider now owns 200 shares of the company’s stock, valued at $162,000. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Maurice Meyer III sold 500 shares of the company’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $835.00, for a total value of $417,500.00. Following the completion of the sale, the insider now owns 63,220 shares of the company’s stock, valued at $52,788,700. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,609 shares of company stock valued at $2,227,696. 0.92% of the stock is owned by company insiders.

TPL opened at $566.73 on Friday. Texas Pacific Land Trust has a 52-week low of $391.79 and a 52-week high of $877.97. The firm has a market cap of $4.83 billion, a P/E ratio of 28.52 and a beta of 1.39.

WARNING: “Lincoln National Corp Buys Shares of 275 Texas Pacific Land Trust (TPL)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://www.thecerbatgem.com/2018/11/16/lincoln-national-corp-buys-shares-of-275-texas-pacific-land-trust-tpl.html.

Texas Pacific Land Trust 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.

Featured Story: What does the Dow Jones Industrial Average (DJIA) measure?

Want to see what other hedge funds are holding TPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Pacific Land Trust (NYSE:TPL).

Institutional Ownership by Quarter for Texas Pacific Land Trust (NYSE:TPL)

Receive News & Ratings for Texas Pacific Land Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Pacific Land Trust and related companies with MarketBeat.com's FREE daily email newsletter.