Texas Pacific Land Trust (TPL) Major Shareholder Horizon Kinetics Llc Acquires 42 Shares

Texas Pacific Land Trust (NYSE:TPL) major shareholder Horizon Kinetics Llc bought 42 shares of Texas Pacific Land Trust stock in a transaction dated Wednesday, April 17th. The shares were bought at an average price of $887.23 per share, for a total transaction of $37,263.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Monday, April 15th, Horizon Kinetics Llc bought 42 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $903.05 per share, for a total transaction of $37,928.10.
  • On Friday, April 12th, Horizon Kinetics Llc bought 42 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $903.52 per share, for a total transaction of $37,947.84.
  • On Wednesday, April 10th, Horizon Kinetics Llc bought 42 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $874.06 per share, for a total transaction of $36,710.52.
  • On Monday, April 8th, Horizon Kinetics Llc bought 7 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $814.50 per share, for a total transaction of $5,701.50.
  • On Friday, April 5th, Horizon Kinetics Llc bought 42 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $792.27 per share, for a total transaction of $33,275.34.
  • On Wednesday, April 3rd, Horizon Kinetics Llc bought 42 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $797.88 per share, for a total transaction of $33,510.96.
  • On Monday, April 1st, Horizon Kinetics Llc bought 42 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $784.30 per share, for a total transaction 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 bought 42 shares of Texas Pacific Land Trust stock. The shares were bought at an average price of $725.36 per share, for a total transaction of $30,465.12.

Shares of TPL stock opened at $897.96 on Friday. Texas Pacific Land Trust has a 1 year low of $409.00 and a 1 year high of $915.66. The company has a market cap of $6.96 billion, a PE ratio of 33.23 and a beta of 1.32.

Texas Pacific Land Trust (NYSE:TPL) last announced its earnings results on Thursday, January 31st. The financial services provider reported $8.06 earnings per share (EPS) for the quarter. Texas Pacific Land Trust had a net margin of 115.70% and a return on equity of 119.34%. The company had revenue of $93.20 million for the quarter.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cordasco Financial Network acquired a new position in Texas Pacific Land Trust in the first quarter valued at approximately $33,000. Financial Management Professionals Inc. lifted its holdings in Texas Pacific Land Trust by 19.4% in the fourth quarter. Financial Management Professionals Inc. now owns 154 shares of the financial services provider’s stock valued at $83,000 after buying an additional 25 shares during the period. Legal & General Group Plc lifted its holdings in Texas Pacific Land Trust by 219.3% in the fourth quarter. Legal & General Group Plc now owns 182 shares of the financial services provider’s stock valued at $99,000 after buying an additional 125 shares during the period. Advisor Group Inc. lifted its holdings in Texas Pacific Land Trust by 34.1% in the fourth quarter. Advisor Group Inc. now owns 236 shares of the financial services provider’s stock valued at $127,000 after buying an additional 60 shares during the period. Finally, Verition Fund Management LLC acquired a new position in Texas Pacific Land Trust in the third quarter valued at approximately $202,000. Institutional investors and hedge funds own 40.06% of the company’s stock.

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

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About Texas Pacific Land Trust

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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