Bahl & Gaynor Inc. raised its holdings in Texas Pacific Land Trust (NYSE:TPL) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,500 shares of the financial services provider’s stock after purchasing an additional 150 shares during the period. Bahl & Gaynor Inc. owned 0.06% of Texas Pacific Land Trust worth $1,335,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Trust N.A. purchased a new position in shares of Texas Pacific Land Trust in the second quarter worth about $291,000. Ingalls & Snyder LLC increased its stake in shares of Texas Pacific Land Trust by 21.1% in the second quarter. Ingalls & Snyder LLC now owns 1,150 shares of the financial services provider’s stock worth $338,000 after purchasing an additional 200 shares in the last quarter. Filament LLC purchased a new position in shares of Texas Pacific Land Trust in the second quarter worth about $352,000. Cim LLC purchased a new position in shares of Texas Pacific Land Trust in the second quarter worth about $493,000. Finally, Fernwood Investment Management LLC increased its stake in shares of Texas Pacific Land Trust by 82.1% in the second quarter. Fernwood Investment Management LLC now owns 2,695 shares of the financial services provider’s stock worth $792,000 after purchasing an additional 1,215 shares in the last quarter. Hedge funds and other institutional investors own 39.50% of the company’s stock.

Separately, BidaskClub upgraded shares of Texas Pacific Land Trust from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th.

ILLEGAL ACTIVITY WARNING: This report was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://www.watchlistnews.com/bahl-gaynor-inc-acquires-150-shares-of-texas-pacific-land-trust-tpl/1568922.html.

Texas Pacific Land Trust (TPL) opened at 389.95 on Friday. The stock has a market cap of $3.06 billion, a P/E ratio of 59.93 and a beta of 0.95. Texas Pacific Land Trust has a 1-year low of $212.55 and a 1-year high of $411.90. The stock has a 50 day moving average of $374.26 and a 200 day moving average of $312.53.

Texas Pacific Land Trust (NYSE:TPL) last released its quarterly earnings results on Monday, July 31st. The financial services provider reported $2.12 EPS for the quarter. Texas Pacific Land Trust had a net margin of 73.06% and a return on equity of 112.96%. The firm had revenue of $27.36 million during the quarter.

About Texas Pacific Land Trust

Texas Pacific Land Trust (the Trust) is engaged in managing land, including royalty interests, for the benefit of its owners. The Company operates through managing the land segment, which includes sales and leases of such land, and the retention of oil and gas royalties. The Trust derives revenue from all avenues of managing the land, such as oil and gas royalties, grazing leases, easements, sundry and specialty leases, and land sales.

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 Analyst Ratings Network's FREE daily email newsletter.