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Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp (NYSE:TPL), acquired 1 share of common stock on July 31, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were purchased at a price of $979.33, totaling $979. TPL, which boasts impressive gross profit margins of 93.5% and maintains a GREAT financial health score according to InvestingPro analysis, appears overvalued at current levels.
Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,163,965 shares of Texas Pacific Land Corp. The company has maintained dividend payments for 12 consecutive years, with a current dividend yield of 0.66%. For deeper insights into TPL’s valuation and growth prospects, InvestingPro offers 13 additional key investment tips and a comprehensive Pro Research Report.
In other recent news, Texas Pacific Land Corporation reported its first-quarter earnings for 2025, showing a slight miss on revenue expectations. The company posted earnings per share of $5.24, just below the projected $5.27, and reported revenue of $196 million, which was lower than the anticipated $228 million. In addition to the earnings report, Texas Pacific Land Trust ’s stock rating was upgraded from Hold to Buy by Texas Capital Securities. The price target was also raised to $1,280.00 from $1,240.00. This upgrade followed meetings between Texas Capital Securities and Texas Pacific Land’s management team, including the CEO, CFO, and VP of Finance and Investor Relations. These recent developments highlight key financial metrics and strategic evaluations affecting Texas Pacific Land.
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