Kinetics Asset Managem Horizon Acquires 49 Shares of Texas Pacific Land Trust (NYSE:TPL) Stock

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Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon bought 49 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average cost of $679.36 per share, with a total value of $33,288.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% 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 Friday, August 16th, Kinetics Asset Managem Horizon bought 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $671.46 per share, with a total value of $32,901.54.
  • On Wednesday, August 14th, Kinetics Asset Managem Horizon bought 188 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $641.00 per share, with a total value of $120,508.00.
  • On Monday, August 12th, Kinetics Asset Managem Horizon bought 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $679.65 per share, with a total value of $33,302.85.
  • On Friday, August 9th, Kinetics Asset Managem Horizon bought 49 shares of Texas Pacific Land Trust stock. The shares were acquired at an average cost of $673.70 per share, with a total value of $33,011.30.
  • On Wednesday, August 7th, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The stock was purchased at an average price of $659.12 per share, with a total value of $32,296.88.
  • On Monday, August 5th, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The stock was purchased at an average price of $689.76 per share, with a total value of $33,798.24.
  • On Friday, August 2nd, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The stock was purchased at an average price of $720.23 per share, with a total value of $35,291.27.
  • On Wednesday, July 31st, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The stock was purchased at an average price of $800.00 per share, with a total value of $39,200.00.
  • On Monday, July 29th, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The stock was purchased at an average price of $740.50 per share, with a total value of $36,284.50.
  • On Friday, July 26th, Kinetics Asset Managem Horizon purchased 49 shares of Texas Pacific Land Trust stock. The stock was purchased at an average price of $749.50 per share, with a total value of $36,725.50.

Shares of NYSE:TPL traded up $0.95 during mid-day trading on Tuesday, hitting $664.00. The stock had a trading volume of 4,134 shares, compared to its average volume of 15,934. The company has a debt-to-equity ratio of 0.01, a quick ratio of 9.76 and a current ratio of 9.76. The company has a market cap of $5.15 billion, a PE ratio of 17.20 and a beta of 1.27. Texas Pacific Land Trust has a 12-month low of $409.00 and a 12-month high of $915.66. The company’s 50 day moving average is $737.69 and its 200-day moving average is $769.47.

Separately, ValuEngine downgraded shares of Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th.

Several large investors have recently modified their holdings of TPL. Enterprise Trust & Investment Co acquired a new position in Texas Pacific Land Trust in the 2nd quarter valued at approximately $98,000. Cullen Frost Bankers Inc. acquired a new position in Texas Pacific Land Trust in the 1st quarter valued at approximately $116,000. Rehmann Capital Advisory Group acquired a new position in Texas Pacific Land Trust in the 1st quarter valued at approximately $136,000. Legal & General Group Plc increased its stake in Texas Pacific Land Trust by 219.3% in the 4th 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. Finally, Osborn Williams & Donohoe LLC acquired a new position in Texas Pacific Land Trust in the 1st quarter valued at approximately $176,000. Institutional investors and hedge funds own 62.89% of the company’s stock.

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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