Bartlett & Co. LLC Acquires Shares of 1,800 Texas Pacific Land Trust (NYSE:TPL)

Bartlett & Co. LLC acquired a new stake in shares of Texas Pacific Land Trust (NYSE:TPL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,800 shares of the financial services provider’s stock, valued at approximately $1,169,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CWM LLC acquired a new stake in shares of Texas Pacific Land Trust in the third quarter valued at about $26,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of Texas Pacific Land Trust by 103.4% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 59 shares of the financial services provider’s stock valued at $38,000 after buying an additional 30 shares during the last quarter. Enterprise Trust & Investment Co acquired a new stake in shares of Texas Pacific Land Trust in the second quarter valued at about $98,000. MUFG Americas Holdings Corp acquired a new stake in shares of Texas Pacific Land Trust in the second quarter valued at about $197,000. Finally, Financial Management Professionals Inc. raised its position in shares of Texas Pacific Land Trust by 64.9% in the second quarter. Financial Management Professionals Inc. now owns 254 shares of the financial services provider’s stock valued at $200,000 after buying an additional 100 shares during the last quarter. 38.74% of the stock is currently owned by institutional investors and hedge funds.

In other Texas Pacific Land Trust news, major shareholder Kinetics Asset Managem Horizon bought 49 shares of Texas Pacific Land Trust stock in a transaction dated Monday, August 12th. The stock was acquired at an average cost of $679.65 per share, for a total transaction of $33,302.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 1,464 shares of company stock valued at $945,696 over the last quarter. Company insiders own 0.92% of the company’s stock.

Separately, ValuEngine cut shares of Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

Shares of NYSE TPL opened at $645.00 on Friday. The firm has a 50-day simple moving average of $618.44 and a 200-day simple moving average of $715.84. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 16.28 and a beta of 1.28. The company has a quick ratio of 9.76, a current ratio of 9.76 and a debt-to-equity ratio of 0.01. Texas Pacific Land Trust has a 52 week low of $409.00 and a 52 week high of $915.66.

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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