1,452 Shares in Texas Pacific Land Trust (TPL) Acquired by A.R.T. Advisors LLC

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A.R.T. Advisors LLC bought a new stake in Texas Pacific Land Trust (NYSE:TPL) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,452 shares of the financial services provider’s stock, valued at approximately $733,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Edge Advisors LLC increased its stake in shares of Texas Pacific Land Trust by 5.9% in the 4th quarter. Edge Advisors LLC now owns 2,566 shares of the financial services provider’s stock valued at $1,145,000 after buying an additional 143 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Texas Pacific Land Trust by 14.8% during the first quarter. Commonwealth Equity Services LLC now owns 1,165 shares of the financial services provider’s stock worth $589,000 after purchasing an additional 150 shares during the period. Citigroup Inc. grew its stake in shares of Texas Pacific Land Trust by 12.7% during the first quarter. Citigroup Inc. now owns 1,364 shares of the financial services provider’s stock worth $689,000 after purchasing an additional 154 shares during the period. Swiss National Bank grew its stake in shares of Texas Pacific Land Trust by 1.9% during the fourth quarter. Swiss National Bank now owns 10,817 shares of the financial services provider’s stock worth $4,831,000 after purchasing an additional 200 shares during the period. Finally, BlackRock Inc. grew its stake in shares of Texas Pacific Land Trust by 4.9% during the first quarter. BlackRock Inc. now owns 7,390 shares of the financial services provider’s stock worth $3,735,000 after purchasing an additional 345 shares during the period. 39.89% of the stock is owned by institutional investors.

Shares of Texas Pacific Land Trust opened at $697.45 on Friday, MarketBeat Ratings reports. Texas Pacific Land Trust has a 12 month low of $286.79 and a 12 month high of $739.89. The firm has a market cap of $5.55 billion, a P/E ratio of 50.79 and a beta of 1.09.

Texas Pacific Land Trust (NYSE:TPL) last announced its quarterly earnings data on Monday, April 30th. The financial services provider reported $5.60 EPS for the quarter. Texas Pacific Land Trust had a return on equity of 143.43% and a net margin of 78.14%. The business had revenue of $26.55 million during the quarter.

Separately, ValuEngine raised Texas Pacific Land Trust from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st.

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.

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

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