Creative Planning Increases Holdings in Texas Pacific Land Trust (TPL)

Creative Planning raised its holdings in shares of Texas Pacific Land Trust (NYSE:TPL) by 4.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,138 shares of the financial services provider’s stock after purchasing an additional 135 shares during the quarter. Creative Planning’s holdings in Texas Pacific Land Trust were worth $2,707,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Progeny 3 Inc. acquired a new stake in Texas Pacific Land Trust during the 2nd quarter valued at $139,000. Sigma Planning Corp acquired a new stake in Texas Pacific Land Trust during the 2nd quarter valued at $221,000. Cubist Systematic Strategies LLC acquired a new stake in Texas Pacific Land Trust during the 1st quarter valued at $240,000. Investment Management of Virginia LLC acquired a new stake in Texas Pacific Land Trust during the 2nd quarter valued at $243,000. Finally, First Republic Investment Management Inc. acquired a new stake in Texas Pacific Land Trust during the 2nd quarter valued at $249,000. 39.82% of the stock is owned by institutional investors and hedge funds.

Shares of Texas Pacific Land Trust stock opened at $690.86 on Tuesday. Texas Pacific Land Trust has a 1 year low of $390.24 and a 1 year high of $877.97. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 38.26 and a beta of 1.27.

Texas Pacific Land Trust (NYSE:TPL) last announced its quarterly earnings results on Tuesday, July 31st. The financial services provider reported $6.73 earnings per share (EPS) for the quarter. Texas Pacific Land Trust had a return on equity of 141.91% and a net margin of 102.48%. The business had revenue of $30.28 million during the quarter.

In other news, insider David E. Barry acquired 100 shares of the stock in a transaction on Thursday, October 11th. The shares were purchased at an average price of $810.00 per share, for a total transaction of $81,000.00. Following the transaction, the insider now directly owns 200 shares of the company’s stock, valued at $162,000. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Maurice Meyer III sold 1,000 shares of the stock in a transaction on Monday, August 27th. The stock was sold at an average price of $854.13, for a total value of $854,130.00. Following the transaction, the insider now owns 64,220 shares in the company, valued at approximately $54,852,228.60. The disclosure for this sale can be found here. Insiders have sold a total of 2,609 shares of company stock valued at $2,227,696 in the last ninety days. Insiders own 0.92% of the company’s stock.

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

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