Street Calls of the Week
Horizon Kinetics Asset Management LLC purchased a single share of Texas Pacific Land Corp (NYSE:TPL) common stock on October 9, 2025, at a price of $936.32. The total value of the purchase was $936. TPL, which boasts impressive gross profit margins of 94.5% and maintains a "GREAT" financial health rating according to InvestingPro, currently trades at a P/E ratio of 44.6.
Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,162,540 shares of Texas Pacific Land Corp. The company, currently valued at $20.5 billion, has maintained dividend payments for 12 consecutive years, with a current yield of 0.7%. InvestingPro analysis suggests the stock is trading above its Fair Value, with 13 additional ProTips available in the comprehensive Pro Research Report.
In other recent news, Texas Pacific Land Corporation reported its Q2 2025 earnings, which did not meet analyst expectations. The company’s earnings per share (EPS) were reported at $5.05, falling short of the anticipated $5.48, representing a 7.85% negative surprise. Revenue also missed projections, with the company bringing in $187.54 million compared to the forecasted $204 million, an 8.07% shortfall. Additionally, Texas Pacific Land announced plans to dual list its common stock on the newly established NYSE Texas exchange while maintaining its primary listing on the New York Stock Exchange. The company will start trading on NYSE Texas on August 15, 2025, as a Founding Member. In other developments, board member Eric L. Oliver has decided not to stand for reelection at the 2025 annual meeting of stockholders. The company clarified that Mr. Oliver’s decision was not due to any disagreements with the board or its operations.
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