Bessemer Group Inc. Invests $223,000 in Texas Pacific Land Trust (TPL)

Bessemer Group Inc. acquired a new stake in Texas Pacific Land Trust (NYSE:TPL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 500 shares of the financial services provider’s stock, valued at approximately $223,000.

Several other institutional investors have also made changes to their positions in TPL. Janney Montgomery Scott LLC purchased a new stake in Texas Pacific Land Trust during the 3rd quarter valued at $292,000. Arlington Partners LLC purchased a new stake in Texas Pacific Land Trust during the 4th quarter valued at $1,608,000. Lagoda Investment Management L.P. boosted its position in Texas Pacific Land Trust by 102.7% during the 3rd quarter. Lagoda Investment Management L.P. now owns 19,930 shares of the financial services provider’s stock valued at $8,054,000 after buying an additional 10,097 shares during the period. Moloney Securities Asset Management LLC purchased a new stake in Texas Pacific Land Trust during the 3rd quarter valued at $257,000. Finally, Alps Advisors Inc. purchased a new stake in Texas Pacific Land Trust during the 3rd quarter valued at $502,000. 39.73% of the stock is owned by institutional investors.

Shares of Texas Pacific Land Trust (NYSE:TPL) opened at $497.10 on Thursday. The firm has a market cap of $3,910.00, a price-to-earnings ratio of 56.81 and a beta of 1.12. Texas Pacific Land Trust has a 12-month low of $259.00 and a 12-month high of $569.99.

Texas Pacific Land Trust (NYSE:TPL) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $2.92 earnings per share for the quarter. The business had revenue of $38.32 million during the quarter. Texas Pacific Land Trust had a net margin of 63.97% and a return on equity of 152.03%.

Separately, ValuEngine cut shares of Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

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About Texas Pacific Land Trust

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.

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

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