Teacher Retirement System of Texas Invests $211,000 in Texas Pacific Land Trust (TPL)

Teacher Retirement System of Texas bought a new stake in shares of Texas Pacific Land Trust (NYSE:TPL) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 522 shares of the financial services provider’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. WFG Advisors LP grew its stake in shares of Texas Pacific Land Trust by 32.3% during the second quarter. WFG Advisors LP now owns 582 shares of the financial services provider’s stock valued at $171,000 after buying an additional 142 shares during the last quarter. WMS Partners LLC bought a new position in shares of Texas Pacific Land Trust during the third quarter valued at approximately $202,000. Boys Arnold & Co. Inc. bought a new position in shares of Texas Pacific Land Trust during the third quarter valued at approximately $202,000. Sei Investments Co. bought a new position in shares of Texas Pacific Land Trust during the third quarter valued at approximately $202,000. Finally, Aperio Group LLC bought a new position in shares of Texas Pacific Land Trust during the third quarter valued at approximately $227,000. 39.46% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on TPL shares. BidaskClub raised Texas Pacific Land Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. ValuEngine cut Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th.

Shares of Texas Pacific Land Trust (TPL) traded up $3.30 during trading hours on Friday, reaching $410.30. The company had a trading volume of 4,570 shares, compared to its average volume of 13,197. Texas Pacific Land Trust has a 52 week low of $259.00 and a 52 week high of $434.99. The company has a market capitalization of $3,216.34, a PE ratio of 47.00 and a beta of 0.93.

Texas Pacific Land Trust (NYSE:TPL) last announced its quarterly earnings data on Monday, October 30th. The financial services provider reported $3.36 earnings per share (EPS) for the quarter. Texas Pacific Land Trust had a return on equity of 133.04% and a net margin of 69.87%. The company had revenue of $42.50 million for the quarter.

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Texas Pacific Land Trust Profile

Texas Pacific Land Trust (the Trust) is engaged in managing land, including royalty interests, for the benefit of its owners. The Company operates through managing the land segment, which includes sales and leases of such land, and the retention of oil and gas royalties. The Trust derives revenue from all avenues of managing the land, such as oil and gas royalties, grazing leases, easements, sundry and specialty leases, and land sales.

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

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