Moors & Cabot Inc. lifted its position in Texas Pacific Land Trust (NYSE:TPL) by 34.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,097 shares of the financial services provider’s stock after purchasing an additional 1,302 shares during the quarter. Moors & Cabot Inc. owned 0.07% of Texas Pacific Land Trust worth $2,054,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EagleClaw Capital Managment LLC grew its holdings in shares of Texas Pacific Land Trust by 8.8% in the 2nd quarter. EagleClaw Capital Managment LLC now owns 5,565 shares of the financial services provider’s stock worth $1,633,000 after purchasing an additional 450 shares during the last quarter. Moloney Securities Asset Management LLC bought a new stake in shares of Texas Pacific Land Trust in the 3rd quarter worth about $257,000. Alps Advisors Inc. bought a new stake in shares of Texas Pacific Land Trust in the 3rd quarter worth about $502,000. Schwartz Investment Counsel Inc. grew its holdings in shares of Texas Pacific Land Trust by 20.7% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 29,150 shares of the financial services provider’s stock worth $11,780,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Fernwood Investment Management LLC grew its holdings in shares of Texas Pacific Land Trust by 82.1% in the 2nd 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 during the last quarter. 39.94% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on TPL shares. BidaskClub raised shares of Texas Pacific Land Trust from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. ValuEngine lowered shares of Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

Texas Pacific Land Trust (TPL) traded down $1.47 on Thursday, hitting $398.53. 10,400 shares of the stock traded hands, compared to its average volume of 18,362. Texas Pacific Land Trust has a fifty-two week low of $259.00 and a fifty-two week high of $434.99. The company has a market cap of $3,135.62, a price-to-earnings ratio of 45.82 and a beta of 0.92.

Texas Pacific Land Trust (NYSE:TPL) last issued its quarterly earnings results on Monday, October 30th. The financial services provider reported $3.36 earnings per share (EPS) for the quarter. The business had revenue of $42.50 million for the quarter. Texas Pacific Land Trust had a net margin of 69.87% and a return on equity of 133.04%.

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Texas Pacific Land Trust Profile

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.

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Institutional Ownership by Quarter for Texas Pacific Land Trust (NYSE:TPL)

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