Texas Pacific Land Trust (NYSE:TPL) major shareholder Horizon Kinetics Llc acquired 42 shares of Texas Pacific Land Trust stock in a transaction that occurred on Friday, April 5th. The shares were purchased at an average price of $792.27 per share, with a total value of $33,275.34. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Horizon Kinetics Llc also recently made the following trade(s):

  • On Monday, April 8th, Horizon Kinetics Llc acquired 7 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $814.50 per share, with a total value of $5,701.50.
  • On Wednesday, April 3rd, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $797.88 per share, with a total value of $33,510.96.
  • On Monday, April 1st, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $784.30 per share, with a total value of $32,940.60.
  • On Friday, March 29th, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $773.48 per share, with a total value of $32,486.16.
  • On Wednesday, March 27th, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $774.38 per share, with a total value of $32,523.96.
  • On Monday, March 25th, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $725.36 per share, with a total value of $30,465.12.
  • On Friday, March 22nd, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $751.10 per share, with a total value of $31,546.20.
  • On Wednesday, March 20th, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $765.98 per share, with a total value of $32,171.16.
  • On Monday, March 18th, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $741.16 per share, with a total value of $31,128.72.
  • On Friday, March 15th, Horizon Kinetics Llc purchased 42 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $748.14 per share, with a total value of $31,421.88.

Shares of TPL opened at $886.10 on Thursday. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of 31.51 and a beta of 1.32. Texas Pacific Land Trust has a 52 week low of $409.00 and a 52 week high of $894.00.

Texas Pacific Land Trust (NYSE:TPL) last issued its quarterly earnings results on Thursday, January 31st. The financial services provider reported $8.06 EPS for the quarter. The business had revenue of $93.20 million during the quarter. Texas Pacific Land Trust had a return on equity of 119.34% and a net margin of 115.70%.

The business also recently declared an annual dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 8th were given a $1.75 dividend. This is a boost from Texas Pacific Land Trust’s previous annual dividend of $1.05. The ex-dividend date of this dividend was Thursday, March 7th. This represents a yield of 0.23%.

Separately, ValuEngine upgraded Texas Pacific Land Trust from a “hold” rating to a “buy” rating in a research report on Friday, January 25th.

A number of institutional investors and hedge funds have recently modified their holdings of TPL. Cordasco Financial Network bought a new position in shares of Texas Pacific Land Trust in the first quarter worth about $33,000. Evanson Asset Management LLC bought a new position in shares of Texas Pacific Land Trust in the first quarter worth about $271,000. Belpointe Asset Management LLC boosted its stake in shares of Texas Pacific Land Trust by 37.0% in the fourth quarter. Belpointe Asset Management LLC now owns 1,846 shares of the financial services provider’s stock worth $1,000,000 after acquiring an additional 499 shares during the period. FMR LLC bought a new position in shares of Texas Pacific Land Trust in the fourth quarter worth about $1,570,000. Finally, Millennium Management LLC boosted its stake in shares of Texas Pacific Land Trust by 910.1% in the fourth quarter. Millennium Management LLC now owns 6,677 shares of the financial services provider’s stock worth $3,616,000 after acquiring an additional 6,016 shares during the period. Institutional investors and hedge funds own 40.10% of the company’s stock.

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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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