Kinetics Asset Managem Horizon Acquires 50 Shares of Texas Pacific Land Trust (NYSE:TPL) Stock

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Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon purchased 50 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was acquired at an average cost of $782.12 per share, for a total transaction of $39,106.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Friday, June 21st, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $791.07 per share, for a total transaction of $39,553.50.
  • On Wednesday, June 19th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $755.88 per share, for a total transaction of $37,794.00.
  • On Monday, June 17th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $718.96 per share, for a total transaction of $35,948.00.
  • On Friday, June 14th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $739.99 per share, for a total transaction of $36,999.50.
  • On Wednesday, June 12th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $744.22 per share, for a total transaction of $37,211.00.
  • On Monday, June 10th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $764.77 per share, for a total transaction of $38,238.50.
  • On Friday, June 7th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $749.91 per share, for a total transaction of $37,495.50.
  • On Wednesday, June 5th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $730.07 per share, for a total transaction of $36,503.50.
  • On Monday, June 3rd, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $738.78 per share, for a total transaction of $36,939.00.
  • On Thursday, May 30th, Kinetics Asset Managem Horizon purchased 50 shares of Texas Pacific Land Trust stock. The stock was acquired at an average cost of $799.00 per share, for a total transaction of $39,950.00.

Texas Pacific Land Trust stock opened at $799.24 on Thursday. Texas Pacific Land Trust has a 52 week low of $409.00 and a 52 week high of $915.66. The business’s 50 day moving average price is $779.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 18.54 and a current ratio of 18.54. The company has a market cap of $6.17 billion, a PE ratio of 20.21 and a beta of 1.28.

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

Institutional investors have recently bought and sold shares of the business. Santa Monica Partners LP lifted its position in shares of Texas Pacific Land Trust by 0.6% during the 1st quarter. Santa Monica Partners LP now owns 17,882 shares of the financial services provider’s stock worth $13,834,000 after buying an additional 102 shares in the last quarter. FMR LLC bought a new position in shares of Texas Pacific Land Trust during the 4th quarter worth approximately $1,570,000. Advisor Partners LLC bought a new position in shares of Texas Pacific Land Trust during the 1st quarter worth approximately $967,000. Moors & Cabot Inc. lifted its position in shares of Texas Pacific Land Trust by 99.9% during the 1st 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 in the last quarter. Finally, Swiss National Bank lifted its position in shares of Texas Pacific Land Trust by 2.7% during the 1st 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 in the last quarter. 62.45% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine cut shares of Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a research 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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