BlackRock Inc. decreased its position in shares of Texas Pacific Land Trust (NYSE:TPL) by 10.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,651 shares of the financial services provider’s stock after selling 739 shares during the period. BlackRock Inc. owned 0.09% of Texas Pacific Land Trust worth $4,625,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. LPL Financial LLC acquired a new position in Texas Pacific Land Trust in the first quarter worth approximately $460,000. Millennium Management LLC grew its position in Texas Pacific Land Trust by 86.6% in the first quarter. Millennium Management LLC now owns 3,695 shares of the financial services provider’s stock worth $1,868,000 after buying an additional 1,715 shares during the last quarter. Gofen & Glossberg LLC IL acquired a new position in Texas Pacific Land Trust in the second quarter worth approximately $620,000. BLB&B Advisors LLC acquired a new position in Texas Pacific Land Trust in the second quarter worth approximately $643,000. Finally, Bank of Montreal Can acquired a new position in Texas Pacific Land Trust in the second quarter worth approximately $918,000. 39.78% of the stock is currently owned by hedge funds and other institutional investors.
In other Texas Pacific Land Trust news, insider Maurice Meyer III sold 1,000 shares of Texas Pacific Land Trust stock in a transaction that occurred on Monday, August 27th. The shares were 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 $54,852,228.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 completion of the transaction, the insider now owns 200 shares in the company, valued at approximately $162,000. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 2,609 shares of company stock worth $2,227,696. 0.92% of the stock is currently owned by company insiders.
Texas Pacific Land Trust stock opened at $655.00 on Friday. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 31.35 and a beta of 1.39. Texas Pacific Land Trust has a 1 year low of $391.79 and a 1 year high of $877.97.
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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