Beddow Capital Management Inc. Raises Stake in Texas Pacific Land Trust (TPL)

Beddow Capital Management Inc. grew its position in Texas Pacific Land Trust (NYSE:TPL) by 3.8% during the fourth quarter, HoldingsChannel reports. The firm owned 9,215 shares of the financial services provider’s stock after buying an additional 339 shares during the quarter. Texas Pacific Land Trust accounts for approximately 2.7% of Beddow Capital Management Inc.’s investment portfolio, making the stock its 21st biggest holding. Beddow Capital Management Inc.’s holdings in Texas Pacific Land Trust were worth $4,991,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. FIL Ltd lifted its holdings in shares of Texas Pacific Land Trust by 32.6% in the third 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. Vanguard Group Inc. lifted its holdings in shares of Texas Pacific Land Trust by 1.9% in the third quarter. Vanguard Group Inc. now owns 17,182 shares of the financial services provider’s stock valued at $14,820,000 after purchasing an additional 315 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Texas Pacific Land Trust by 1.9% in the third quarter. Vanguard Group Inc now owns 17,182 shares of the financial services provider’s stock valued at $14,820,000 after purchasing an additional 315 shares in the last quarter. Steinberg Global Asset Management lifted its holdings in shares of Texas Pacific Land Trust by 1.4% in the fourth quarter. Steinberg Global Asset Management now owns 13,244 shares of the financial services provider’s stock valued at $7,173,000 after purchasing an additional 180 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Texas Pacific Land Trust by 1.9% in the third quarter. PNC Financial Services Group Inc. now owns 10,137 shares of the financial services provider’s stock valued at $8,744,000 after purchasing an additional 189 shares in the last quarter. Institutional investors own 39.55% of the company’s stock.

Separately, ValuEngine upgraded Texas Pacific Land Trust from a “hold” rating to a “buy” rating in a report on Friday, January 25th.

In related news, insider David E. Barry bought 100 shares of the company’s stock in a transaction that occurred on Wednesday, December 26th. The shares were acquired at an average price of $467.06 per share, for a total transaction of $46,706.00. Following the completion of the acquisition, the insider now owns 300 shares of the company’s stock, valued at approximately $140,118. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Maurice Meyer III sold 500 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $607.26, for a total value of $303,630.00. Following the transaction, the insider now directly owns 60,546 shares in the company, valued at approximately $36,767,163.96. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

TPL opened at $724.82 on Thursday. Texas Pacific Land Trust has a 52-week low of $409.00 and a 52-week high of $877.97. The stock has a market cap of $5.63 billion, a P/E ratio of 26.02 and a beta of 1.47.

Texas Pacific Land Trust (NYSE:TPL) last released its earnings results on Thursday, January 31st. The financial services provider reported $8.06 earnings per share (EPS) for the quarter. Texas Pacific Land Trust had a return on equity of 137.29% and a net margin of 115.70%. The business had revenue of $93.20 million for the quarter.

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About Texas Pacific Land Trust

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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Want to see what other hedge funds are holding TPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Pacific Land Trust (NYSE:TPL).

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

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