Kinetics Asset Managem Horizon Purchases 92 Shares of Texas Pacific Land Trust (NYSE:TPL) Stock

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon purchased 92 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was acquired at an average price of $787.75 per share, with a total value of $72,473.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Monday, February 10th, Kinetics Asset Managem Horizon purchased 106 shares of Texas Pacific Land Trust stock. The stock was acquired at an average price of $777.46 per share, with a total value of $82,410.76.
  • On Thursday, February 6th, Kinetics Asset Managem Horizon purchased 8 shares of Texas Pacific Land Trust stock. The stock was acquired at an average price of $803.97 per share, with a total value of $6,431.76.
  • On Tuesday, February 4th, Kinetics Asset Managem Horizon acquired 135 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $780.04 per share, with a total value of $105,305.40.
  • On Friday, January 31st, Kinetics Asset Managem Horizon acquired 135 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $755.71 per share, with a total value of $102,020.85.
  • On Wednesday, January 29th, Kinetics Asset Managem Horizon acquired 203 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $742.00 per share, with a total value of $150,626.00.
  • On Monday, January 27th, Kinetics Asset Managem Horizon acquired 137 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $735.13 per share, with a total value of $100,712.81.
  • On Thursday, January 23rd, Kinetics Asset Managem Horizon acquired 135 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $759.00 per share, with a total value of $102,465.00.
  • On Tuesday, January 21st, Kinetics Asset Managem Horizon acquired 135 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $781.94 per share, with a total value of $105,561.90.
  • On Friday, January 17th, Kinetics Asset Managem Horizon acquired 142 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $792.86 per share, with a total value of $112,586.12.
  • On Wednesday, January 15th, Kinetics Asset Managem Horizon acquired 150 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $795.92 per share, with a total value of $119,388.00.

Shares of TPL opened at $770.07 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 15.99 and a quick ratio of 15.99. Texas Pacific Land Trust has a one year low of $565.10 and a one year high of $915.66. The firm has a market capitalization of $5.97 billion, a P/E ratio of 18.61 and a beta of 1.36. The business has a fifty day moving average of $783.34 and a 200 day moving average of $690.35.

Texas Pacific Land Trust (NYSE:TPL) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $9.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $7.37 by $1.83. Texas Pacific Land Trust had a return on equity of 82.95% and a net margin of 96.55%. The company had revenue of $113.33 million during the quarter, compared to analyst estimates of $89.00 million. Analysts expect that Texas Pacific Land Trust will post 38.4 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Mutual Advisors LLC bought a new stake in Texas Pacific Land Trust during the third quarter valued at about $288,000. Putnam FL Investment Management Co. bought a new stake in Texas Pacific Land Trust during the third quarter valued at about $2,183,000. Commonwealth Equity Services LLC grew its holdings in Texas Pacific Land Trust by 67.2% during the third quarter. Commonwealth Equity Services LLC now owns 1,868 shares of the financial services provider’s stock valued at $1,213,000 after purchasing an additional 751 shares during the period. Alberta Investment Management Corp bought a new stake in Texas Pacific Land Trust during the third quarter valued at about $260,000. Finally, CWM LLC bought a new stake in Texas Pacific Land Trust during the third quarter valued at about $26,000. 39.55% of the stock is owned by institutional investors and hedge funds.

Several analysts recently commented on TPL shares. Stifel Nicolaus lifted their price objective on Texas Pacific Land Trust from $937.00 to $947.00 and gave the stock a “buy” rating in a report on Friday, January 31st. ValuEngine raised Texas Pacific Land Trust from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd.

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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