Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon acquired 50 shares of the stock in a transaction dated Wednesday, July 10th. The stock was bought at an average price of $797.58 per share, for a total transaction of $39,879.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Monday, July 8th, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $810.20 per share, for a total transaction of $40,510.00.
  • On Friday, July 5th, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $798.67 per share, for a total transaction of $39,933.50.
  • On Wednesday, July 3rd, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $793.74 per share, for a total transaction of $39,687.00.
  • On Monday, July 1st, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $799.99 per share, for a total transaction of $39,999.50.
  • On Friday, June 28th, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $795.24 per share, for a total transaction of $39,762.00.
  • On Wednesday, June 26th, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $817.18 per share, for a total transaction of $40,859.00.
  • On Monday, June 24th, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $782.12 per share, for a total transaction of $39,106.00.
  • On Friday, June 21st, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $791.07 per share, for a total transaction of $39,553.50.
  • On Wednesday, June 19th, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $755.88 per share, for a total transaction of $37,794.00.
  • On Monday, June 17th, Kinetics Asset Managem Horizon acquired 50 shares of Texas Pacific Land Trust stock. The stock was bought at an average price of $718.96 per share, for a total transaction of $35,948.00.

Shares of Texas Pacific Land Trust stock opened at $790.24 on Friday. The business has a fifty day moving average of $770.00. The firm has a market capitalization of $6.13 billion, a P/E ratio of 20.33 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 18.54 and a current ratio of 18.54. Texas Pacific Land Trust has a 1 year low of $409.00 and a 1 year high of $915.66.

Texas Pacific Land Trust (NYSE:TPL) last announced 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 for the quarter. Texas Pacific Land Trust had a net margin of 162.78% and a return on equity of 132.12%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FIL Ltd boosted its stake in Texas Pacific Land Trust by 38.1% during the first quarter. FIL Ltd now owns 67,216 shares of the financial services provider’s stock worth $52,001,000 after buying an additional 18,534 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Texas Pacific Land Trust by 5.8% in the 4th quarter. Bank of New York Mellon Corp now owns 39,367 shares of the financial services provider’s stock valued at $21,322,000 after purchasing an additional 2,175 shares in the last quarter. Polar Capital LLP boosted its stake in shares of Texas Pacific Land Trust by 30.1% in the 4th quarter. Polar Capital LLP now owns 37,265 shares of the financial services provider’s stock valued at $20,184,000 after purchasing an additional 8,617 shares in the last quarter. Schwartz Investment Counsel Inc. boosted its stake in shares of Texas Pacific Land Trust by 1.5% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 35,930 shares of the financial services provider’s stock valued at $27,797,000 after purchasing an additional 530 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its stake in shares of Texas Pacific Land Trust by 99.9% in the 1st quarter. Moors & Cabot Inc. now owns 34,596 shares of the financial services provider’s stock valued at $26,770,000 after purchasing an additional 17,293 shares in the last quarter. Hedge funds and other institutional investors own 62.45% of the company’s stock.

Separately, ValuEngine upgraded shares of VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th.

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.

Featured Article: What is the Quick Ratio?

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

Receive News & Ratings for Texas Pacific Land Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Pacific Land Trust and related companies with MarketBeat.com's FREE daily email newsletter.