Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock in a transaction on Wednesday, July 10th. The shares were purchased at an average cost of $797.58 per share, with a total value of $39,879.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more 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 Monday, July 8th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $810.20 per share, with a total value of $40,510.00.
  • On Friday, July 5th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $798.67 per share, with a total value of $39,933.50.
  • On Wednesday, July 3rd, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $793.74 per share, with a total value of $39,687.00.
  • On Monday, July 1st, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $799.99 per share, with a total value of $39,999.50.
  • On Friday, June 28th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $795.24 per share, with a total value of $39,762.00.
  • On Wednesday, June 26th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $817.18 per share, with a total value of $40,859.00.
  • On Monday, June 24th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $782.12 per share, with a total value of $39,106.00.
  • On Friday, June 21st, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $791.07 per share, with a total value of $39,553.50.
  • On Wednesday, June 19th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $755.88 per share, with a total value of $37,794.00.
  • On Monday, June 17th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $718.96 per share, with a total value of $35,948.00.

NYSE TPL opened at $790.24 on Friday. The firm has a market cap of $6.13 billion, a P/E ratio of 20.33 and a beta of 1.25. The company has a current ratio of 18.54, a quick ratio of 18.54 and a debt-to-equity ratio of 0.01. Texas Pacific Land Trust has a 12 month low of $409.00 and a 12 month high of $915.66. The firm has a 50 day moving average of $770.00.

Texas Pacific Land Trust (NYSE:TPL) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $18.04 EPS for the quarter. The company had revenue of $33.21 million during the quarter. Texas Pacific Land Trust had a return on equity of 132.12% and a net margin of 162.78%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FIL Ltd boosted its holdings in shares of Texas Pacific Land Trust by 38.1% in the 1st quarter. FIL Ltd now owns 67,216 shares of the financial services provider’s stock valued at $52,001,000 after buying an additional 18,534 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Texas Pacific Land Trust by 5.8% in the 4th quarter. Bank of New York Mellon Corp now owns 39,367 shares of the financial services provider’s stock valued at $21,322,000 after acquiring an additional 2,175 shares during the period. Polar Capital LLP raised its stake in Texas Pacific Land Trust by 30.1% in the 4th quarter. Polar Capital LLP now owns 37,265 shares of the financial services provider’s stock valued at $20,184,000 after acquiring an additional 8,617 shares during the period. Schwartz Investment Counsel Inc. raised its stake in Texas Pacific Land Trust by 1.5% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 35,930 shares of the financial services provider’s stock valued at $27,797,000 after acquiring an additional 530 shares during the period. Finally, Moors & Cabot Inc. raised its stake in Texas Pacific Land Trust by 99.9% in the 1st quarter. Moors & Cabot Inc. now owns 34,596 shares of the financial services provider’s stock valued at $26,770,000 after acquiring an additional 17,293 shares during the period. 62.45% of the stock is owned by institutional investors.

Separately, ValuEngine raised VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a report on Thursday, May 9th.

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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