Texas Pacific Land Trust (NYSE:TPL) major shareholder Horizon Kinetics Llc acquired 42 shares of the business’s stock in a transaction on Monday, April 15th. The stock was acquired at an average price of $903.05 per share, with a total value of $37,928.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% 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 Friday, April 12th, Horizon Kinetics Llc bought 42 shares of Texas Pacific Land Trust stock. The shares were purchased at an average price of $903.52 per share, with a total value of $37,947.84.
  • On Wednesday, April 10th, Horizon Kinetics Llc acquired 42 shares of Texas Pacific Land Trust stock. The shares were bought at an average cost of $874.06 per share, with a total value of $36,710.52.
  • On Monday, April 8th, Horizon Kinetics Llc acquired 7 shares of Texas Pacific Land Trust stock. The shares were bought at an average cost of $814.50 per share, with a total value of $5,701.50.
  • On Friday, April 5th, Horizon Kinetics Llc bought 42 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $792.27 per share, with a total value of $33,275.34.
  • On Wednesday, April 3rd, Horizon Kinetics Llc acquired 42 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $797.88 per share, with a total value of $33,510.96.
  • On Monday, April 1st, Horizon Kinetics Llc acquired 42 shares of Texas Pacific Land Trust stock. The shares were purchased at an average cost of $784.30 per share, with a total value of $32,940.60.
  • On Friday, March 29th, Horizon Kinetics Llc bought 42 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $773.48 per share, for a total transaction of $32,486.16.
  • On Wednesday, March 27th, Horizon Kinetics Llc bought 42 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $774.38 per share, for a total transaction of $32,523.96.
  • On Monday, March 25th, Horizon Kinetics Llc acquired 42 shares of Texas Pacific Land Trust stock. The stock was acquired at an average price of $725.36 per share, for a total transaction of $30,465.12.
  • On Friday, March 22nd, Horizon Kinetics Llc acquired 42 shares of Texas Pacific Land Trust stock. The stock was acquired at an average price of $751.10 per share, for a total transaction of $31,546.20.

Shares of TPL stock opened at $882.00 on Wednesday. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 33.48 and a beta of 1.32. Texas Pacific Land Trust has a fifty-two week low of $409.00 and a fifty-two week high of $915.66.

Texas Pacific Land Trust (NYSE:TPL) last announced its quarterly earnings results on Thursday, January 31st. The financial services provider reported $8.06 EPS for the quarter. The company 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%.

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

Several hedge funds have recently bought and sold shares of TPL. Cordasco Financial Network acquired a new stake in shares of Texas Pacific Land Trust in the 1st quarter valued at about $33,000. Financial Management Professionals Inc. boosted its stake in Texas Pacific Land Trust by 19.4% during the 4th quarter. Financial Management Professionals Inc. now owns 154 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 25 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Texas Pacific Land Trust by 219.3% in the 4th quarter. Legal & General Group Plc now owns 182 shares of the financial services provider’s stock worth $99,000 after buying an additional 125 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Texas Pacific Land Trust by 34.1% in the 4th quarter. Advisor Group Inc. now owns 236 shares of the financial services provider’s stock worth $127,000 after buying an additional 60 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of Texas Pacific Land Trust in the 3rd quarter worth approximately $202,000. 40.06% of the stock is owned by hedge funds and other institutional investors.

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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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