Insider Buying: Texas Pacific Land Trust (TPL) Major Shareholder Buys 36 Shares of Stock

Texas Pacific Land Trust (NYSE:TPL) major shareholder Horizon Kinetics Llc bought 36 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was purchased at an average price of $879.00 per share, with a total value of $31,644.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 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 Wednesday, April 24th, Horizon Kinetics Llc bought 36 shares of Texas Pacific Land Trust stock. The stock was purchased at an average price of $899.87 per share, with a total value of $32,395.32.
  • On Monday, April 22nd, Horizon Kinetics Llc bought 36 shares of Texas Pacific Land Trust stock. The stock was purchased at an average price of $896.07 per share, with a total value of $32,258.52.
  • On Wednesday, April 17th, Horizon Kinetics Llc bought 42 shares of Texas Pacific Land Trust stock. The stock was purchased at an average price of $887.23 per share, with a total value of $37,263.66.
  • On Monday, April 15th, Horizon Kinetics Llc bought 42 shares of Texas Pacific Land Trust stock. The stock was purchased at an average price of $903.05 per share, with a total value of $37,928.10.
  • On Friday, April 12th, Horizon Kinetics Llc bought 42 shares of Texas Pacific Land Trust stock. The stock was 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 bought 42 shares of Texas Pacific Land Trust stock. The stock was purchased at an average price of $874.06 per share, with a total value of $36,710.52.
  • On Monday, April 8th, Horizon Kinetics Llc bought 7 shares of Texas Pacific Land Trust stock. The stock was purchased at an average price 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 purchased at an average price 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 bought at an average price 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 bought at an average price of $784.30 per share, with a total value of $32,940.60.

TPL stock traded up $11.45 during trading on Monday, reaching $855.00. 7 shares of the company were exchanged, compared to its average volume of 16,442. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 21.44 and a beta of 1.32. Texas Pacific Land Trust has a twelve month low of $409.00 and a twelve month high of $915.66.

Texas Pacific Land Trust (NYSE:TPL) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $18.04 earnings per share (EPS) for the quarter. The business had revenue of $33.21 million during the quarter. Texas Pacific Land Trust had a net margin of 162.78% and a return on equity of 154.92%.

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.

Hedge funds have recently added to or reduced their stakes in the stock. Cordasco Financial Network acquired a new position in Texas Pacific Land Trust during the 1st quarter worth approximately $33,000. Financial Management Professionals Inc. increased its position 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 worth $83,000 after purchasing an additional 25 shares in the last quarter. Legal & General Group Plc increased its position in Texas Pacific Land Trust by 219.3% during the 4th quarter. Legal & General Group Plc now owns 182 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 125 shares in the last quarter. Verition Fund Management LLC acquired a new position in Texas Pacific Land Trust during the 3rd quarter worth approximately $202,000. Finally, Advisor Group Inc. increased its position in Texas Pacific Land Trust by 34.1% during the 4th quarter. Advisor Group Inc. now owns 236 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 39.81% of the company’s stock.

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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.

Read More: Debt-To-Equity Ratio

Insider Buying and Selling by Quarter for Texas Pacific Land Trust (NYSE:TPL)

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