Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon bought 150 shares of the stock in a transaction dated Wednesday, January 8th. The stock was purchased at an average cost of $819.37 per share, with a total value of $122,905.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, 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, January 6th, Kinetics Asset Managem Horizon bought 10 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $803.50 per share, with a total value of $8,035.00.
  • On Thursday, January 2nd, Kinetics Asset Managem Horizon bought 10 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $784.50 per share, with a total value of $7,845.00.
  • On Monday, December 30th, Kinetics Asset Managem Horizon bought 8 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $788.34 per share, with a total value of $6,306.72.
  • On Friday, December 20th, Kinetics Asset Managem Horizon bought 41 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $765.92 per share, with a total value of $31,402.72.
  • On Wednesday, December 18th, Kinetics Asset Managem Horizon bought 41 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $708.12 per share, with a total value of $29,032.92.
  • On Monday, December 16th, Kinetics Asset Managem Horizon bought 47 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $695.05 per share, with a total value of $32,667.35.
  • On Friday, December 13th, Kinetics Asset Managem Horizon bought 40 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $683.86 per share, with a total value of $27,354.40.
  • On Wednesday, December 11th, Kinetics Asset Managem Horizon bought 40 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $675.02 per share, with a total value of $27,000.80.
  • On Monday, December 9th, Kinetics Asset Managem Horizon bought 40 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $668.94 per share, with a total value of $26,757.60.
  • On Friday, December 6th, Kinetics Asset Managem Horizon bought 33 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $667.55 per share, with a total value of $22,029.15.

NYSE:TPL opened at $813.19 on Friday. Texas Pacific Land Trust has a 12-month low of $565.10 and a 12-month high of $915.66. The company has a quick ratio of 15.99, a current ratio of 15.99 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $6.36 billion, a P/E ratio of 20.37 and a beta of 1.35. The stock’s fifty day simple moving average is $724.56 and its 200-day simple moving average is $690.61.

Texas Pacific Land Trust (NYSE:TPL) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $7.74 earnings per share (EPS) for the quarter. Texas Pacific Land Trust had a return on equity of 88.89% and a net margin of 100.01%. The business had revenue of $98.53 million for the quarter.

Several research firms have recently commented on TPL. Stifel Nicolaus started coverage on Texas Pacific Land Trust in a research note on Wednesday. They issued a “buy” rating and a $937.00 target price for the company. ValuEngine lowered Texas Pacific Land Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, December 17th.

Large investors have recently bought and sold shares of the company. Mutual Advisors LLC bought a new position in shares of Texas Pacific Land Trust in the 3rd quarter worth $288,000. Putnam FL Investment Management Co. bought a new position in shares of Texas Pacific Land Trust in the 3rd quarter worth $2,183,000. Commonwealth Equity Services LLC lifted its holdings in Texas Pacific Land Trust by 67.2% during the third quarter. Commonwealth Equity Services LLC now owns 1,868 shares of the financial services provider’s stock worth $1,213,000 after acquiring an additional 751 shares in the last quarter. Alberta Investment Management Corp bought a new position in Texas Pacific Land Trust during the third quarter worth about $260,000. Finally, CWM LLC bought a new position in Texas Pacific Land Trust during the third quarter worth about $26,000. Institutional investors and hedge funds own 39.28% of the company’s stock.

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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