Texas Pacific Land Trust (TPL) Position Cut by Rathbone Brothers plc

Rathbone Brothers plc trimmed its position in Texas Pacific Land Trust (NYSE:TPL) by 8.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,750 shares of the financial services provider’s stock after selling 250 shares during the quarter. Rathbone Brothers plc’s holdings in Texas Pacific Land Trust were worth $2,372,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Progeny 3 Inc. bought a new position in Texas Pacific Land Trust in the second quarter valued at approximately $139,000. Mount Yale Investment Advisors LLC bought a new position in Texas Pacific Land Trust in the first quarter valued at approximately $160,000. Sigma Planning Corp bought a new position in Texas Pacific Land Trust in the second quarter valued at approximately $221,000. Investment Management of Virginia LLC bought a new position in Texas Pacific Land Trust in the second quarter valued at approximately $243,000. Finally, First Republic Investment Management Inc. bought a new position in Texas Pacific Land Trust in the second quarter valued at approximately $249,000. 39.77% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider David E. Barry bought 100 shares of the business’s 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 completion of the transaction, the insider now directly owns 200 shares of the company’s stock, valued at approximately $162,000. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Maurice Meyer III sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $835.00, for a total transaction of $417,500.00. Following the completion of the sale, the insider now owns 63,220 shares in the company, valued at approximately $52,788,700. The disclosure for this sale can be found here. Insiders sold 2,609 shares of company stock worth $2,227,696 over the last three months. 0.92% of the stock is currently owned by insiders.

Shares of NYSE:TPL opened at $798.70 on Friday. The company has a market capitalization of $6.72 billion, a P/E ratio of 46.35 and a beta of 1.27. Texas Pacific Land Trust has a 1 year low of $377.96 and a 1 year high of $877.97.

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

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

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