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Horizon Kinetics Asset Management LLC, a ten percent owner in Texas Pacific Land Corp (NYSE:TPL), has disclosed purchasing 1 share of the company’s common stock. According to a Form 4 filing with the Securities and Exchange Commission, the transaction occurred on August 15, 2025.
The share was bought at a price of $894.93, for a total transaction value of $894. Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,163,976 shares of Texas Pacific Land Corp. InvestingPro analysis indicates the stock is currently overvalued, trading at 44.4x earnings, though it maintains a "GREAT" financial health score. Investors can access 12 additional exclusive ProTips and a comprehensive Pro Research Report for TPL through InvestingPro.
In other recent news, Texas Pacific Land Corporation reported its Q2 2025 earnings, which fell short of expectations. The company announced earnings per share of $5.05, missing the anticipated $5.48, representing a 7.85% negative surprise. Revenue also did not meet forecasts, totaling $187.54 million compared to the projected $204 million, an 8.07% shortfall. Additionally, Texas Pacific Land Corporation revealed plans to dual list its common stock on the new NYSE Texas exchange while maintaining its primary listing on the New York Stock Exchange. This move will take effect on August 15, 2025, and the company will be a Founding Member of the new exchange. These developments are part of the company’s recent activities aimed at expanding its market presence.
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