Eaton Vance Management Takes $4.72 Million Position in Texas Pacific Land Trust (TPL)

Eaton Vance Management purchased a new position in Texas Pacific Land Trust (NYSE:TPL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,469 shares of the financial services provider’s stock, valued at approximately $4,717,000. Eaton Vance Management owned about 0.07% of Texas Pacific Land Trust at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FIL Ltd lifted its stake in shares of Texas Pacific Land Trust by 32.6% in the 3rd quarter. FIL Ltd now owns 38,286 shares of the financial services provider’s stock valued at $33,024,000 after purchasing an additional 9,420 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Texas Pacific Land Trust by 159.7% in the 2nd quarter. Renaissance Technologies LLC now owns 14,312 shares of the financial services provider’s stock valued at $9,952,000 after purchasing an additional 8,800 shares in the last quarter. Steinberg Global Asset Management lifted its stake in shares of Texas Pacific Land Trust by 0.7% in the 3rd quarter. Steinberg Global Asset Management now owns 13,064 shares of the financial services provider’s stock valued at $11,268,000 after purchasing an additional 87 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Texas Pacific Land Trust by 213.2% in the 2nd quarter. Millennium Management LLC now owns 11,572 shares of the financial services provider’s stock valued at $8,047,000 after purchasing an additional 7,877 shares in the last quarter. Finally, Family Management Corp acquired a new position in shares of Texas Pacific Land Trust in the 2nd quarter valued at about $7,392,000. 39.64% of the stock is currently owned by institutional investors and hedge funds.

NYSE TPL opened at $568.55 on Friday. The stock has a market capitalization of $4.52 billion, a PE ratio of 26.73 and a beta of 1.30. Texas Pacific Land Trust has a 1-year low of $391.79 and a 1-year high of $877.97.

Texas Pacific Land Trust (NYSE:TPL) last released its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $6.52 earnings per share for the quarter. The business had revenue of $31.25 million for the quarter. Texas Pacific Land Trust had a return on equity of 126.45% and a net margin of 130.87%.

In related news, insider Maurice Meyer III sold 500 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $835.00, for a total transaction of $417,500.00. Following the sale, the insider now directly owns 63,220 shares in the company, valued at approximately $52,788,700. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David E. Barry bought 100 shares of the company’s stock in a transaction that occurred on Thursday, October 11th. The shares were bought at an average price of $810.00 per share, for a total transaction of $81,000.00. Following the completion of the acquisition, the insider now owns 200 shares in the company, valued at approximately $162,000. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 3,109 shares of company stock worth $2,250,296. Company insiders own 0.92% of the company’s stock.

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Texas Pacific Land Trust 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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