Texas Pacific Land Trust (TPL) Stake Raised by Raymond James & Associates
Raymond James & Associates lifted its position in shares of Texas Pacific Land Trust (NYSE:TPL) by 2.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 8,293 shares of the financial services provider’s stock after purchasing an additional 195 shares during the quarter. Raymond James & Associates’ holdings in Texas Pacific Land Trust were worth $5,766,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC acquired a new stake in shares of Texas Pacific Land Trust during the first quarter worth $160,000. Sigma Planning Corp acquired a new stake in shares of Texas Pacific Land Trust during the second quarter worth $221,000. Investment Management of Virginia LLC acquired a new stake in shares of Texas Pacific Land Trust during the second quarter worth $243,000. Texas Yale Capital Corp. acquired a new stake in shares of Texas Pacific Land Trust during the second quarter worth $250,000. Finally, Nicolet Bankshares Inc. acquired a new stake in shares of Texas Pacific Land Trust during the second quarter worth $271,000. Institutional investors own 39.77% of the company’s stock.
NYSE:TPL opened at $865.06 on Friday. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 45.94 and a beta of 1.23. Texas Pacific Land Trust has a 12 month low of $377.96 and a 12 month high of $874.00.
In other Texas Pacific Land Trust news, insider Maurice Meyer III sold 500 shares of the firm’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $835.00, for a total value of $417,500.00. Following the completion of the sale, the insider now directly owns 63,220 shares in the company, valued at $52,788,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.92% of the company’s stock.
Texas Pacific Land Trust 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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