United Capital Financial Advisers LLC Grows Holdings in Texas Pacific Land Trust (NYSE:TPL)

United Capital Financial Advisers LLC grew its holdings in Texas Pacific Land Trust (NYSE:TPL) by 15.8% during the second quarter, HoldingsChannel.com reports. The firm owned 5,968 shares of the financial services provider’s stock after acquiring an additional 813 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Texas Pacific Land Trust were worth $4,696,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TPL. FIL Ltd increased its stake in shares of Texas Pacific Land Trust by 38.1% during the first quarter. FIL Ltd now owns 67,216 shares of the financial services provider’s stock valued at $52,001,000 after buying an additional 18,534 shares during the period. Santa Monica Partners LP increased its stake in shares of Texas Pacific Land Trust by 6.3% during the second quarter. Santa Monica Partners LP now owns 19,000 shares of the financial services provider’s stock valued at $14,953,000 after buying an additional 1,118 shares during the period. Moors & Cabot Inc. increased its stake in shares of Texas Pacific Land Trust by 5.2% during the second quarter. Moors & Cabot Inc. now owns 18,191 shares of the financial services provider’s stock valued at $14,323,000 after buying an additional 893 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Texas Pacific Land Trust by 21.2% during the first quarter. PNC Financial Services Group Inc. now owns 14,182 shares of the financial services provider’s stock valued at $10,971,000 after buying an additional 2,480 shares during the period. Finally, EagleClaw Capital Managment LLC boosted its position in Texas Pacific Land Trust by 13.8% during the second quarter. EagleClaw Capital Managment LLC now owns 12,849 shares of the financial services provider’s stock valued at $10,113,000 after purchasing an additional 1,557 shares in the last quarter. Institutional investors and hedge funds own 38.79% of the company’s stock.

TPL stock traded down $20.05 during trading on Tuesday, reaching $690.16. 337 shares of the company traded hands, compared to its average volume of 15,870. Texas Pacific Land Trust has a 12 month low of $409.00 and a 12 month high of $915.66. The business has a 50 day simple moving average of $673.21 and a 200 day simple moving average of $759.37. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 16.88 and a beta of 1.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 9.76 and a current ratio of 9.76.

Texas Pacific Land Trust (NYSE:TPL) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $6.39 earnings per share for the quarter. Texas Pacific Land Trust had a return on equity of 104.77% and a net margin of 123.70%. The company had revenue of $87.31 million for the quarter.

In related news, major shareholder Kinetics Asset Managem Horizon acquired 49 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were bought at an average price of $798.15 per share, with a total value of $39,109.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have purchased 2,021 shares of company stock worth $1,468,589. 0.92% of the stock is owned by corporate insiders.

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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