Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon bought 49 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were acquired at an average cost of $671.46 per share, for a total transaction of $32,901.54. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Wednesday, August 14th, Kinetics Asset Managem Horizon bought 188 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $641.00 per share, for a total transaction of $120,508.00.
  • On Monday, August 12th, Kinetics Asset Managem Horizon bought 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $679.65 per share, for a total transaction of $33,302.85.
  • On Friday, August 9th, Kinetics Asset Managem Horizon bought 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $673.70 per share, for a total transaction of $33,011.30.
  • On Wednesday, August 7th, Kinetics Asset Managem Horizon bought 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $659.12 per share, for a total transaction of $32,296.88.
  • On Monday, August 5th, Kinetics Asset Managem Horizon bought 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $689.76 per share, for a total transaction of $33,798.24.
  • On Friday, August 2nd, Kinetics Asset Managem Horizon bought 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $720.23 per share, for a total transaction of $35,291.27.
  • On Wednesday, July 31st, Kinetics Asset Managem Horizon bought 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $800.00 per share, for a total transaction of $39,200.00.
  • On Monday, July 29th, Kinetics Asset Managem Horizon bought 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $740.50 per share, for a total transaction of $36,284.50.
  • On Friday, July 26th, Kinetics Asset Managem Horizon bought 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $749.50 per share, for a total transaction of $36,725.50.
  • On Wednesday, July 24th, Kinetics Asset Managem Horizon bought 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $753.12 per share, for a total transaction of $36,902.88.

Shares of TPL traded down $7.17 during mid-day trading on Monday, reaching $664.00. 142 shares of the company’s stock traded hands, compared to its average volume of 15,837. The stock has a market cap of $5.10 billion, a P/E ratio of 16.86 and a beta of 1.27. The stock’s 50-day moving average is $744.86 and its two-hundred day moving average is $771.00. Texas Pacific Land Trust has a 12 month low of $409.00 and a 12 month high of $915.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 9.76 and a quick ratio of 9.76.

Separately, ValuEngine cut Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th.

Several hedge funds and other institutional investors have recently made changes to their positions in TPL. We Are One Seven LLC lifted its holdings in Texas Pacific Land Trust by 2.1% during the second quarter. We Are One Seven LLC now owns 4,535 shares of the financial services provider’s stock worth $3,569,000 after buying an additional 95 shares during the period. FMR LLC purchased a new stake in Texas Pacific Land Trust during the fourth quarter worth $1,570,000. Advisor Partners LLC purchased a new stake in Texas Pacific Land Trust during the first quarter worth $967,000. Moors & Cabot Inc. lifted its holdings in Texas Pacific Land Trust by 99.9% during the first quarter. Moors & Cabot Inc. now owns 34,596 shares of the financial services provider’s stock worth $26,770,000 after buying an additional 17,293 shares during the period. Finally, Swiss National Bank lifted its holdings in Texas Pacific Land Trust by 2.7% during the first quarter. Swiss National Bank now owns 11,317 shares of the financial services provider’s stock worth $8,755,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 62.89% 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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Insider Buying and Selling by Quarter for Texas Pacific Land Trust (NYSE:TPL)

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