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Murray Stahl, a director at Texas Pacific Land Corp (NYSE:TPL), has recently acquired shares in the company. According to a recent SEC filing, Stahl purchased a total of nine shares of common stock on April 29, 2025. The transactions were executed at prices ranging from $1,332.94 to $1,333.50 per share, amounting to a total investment of $13,334. The purchase comes as TPL maintains impressive financial metrics, with a remarkable 93.47% gross profit margin and a market capitalization of $29.52 billion. According to InvestingPro analysis, the stock is currently trading above its Fair Value.
These purchases were made through various entities, including Horizon Kinetics Hard Assets, Horizon Credit Opportunity (SO:FTCE11B) Fund LP, Horizon Common Inc, Polestar (NASDAQ:PSNY) Offshore Fund Ltd, and Horizon Kinetics Asset Management LLC. The transactions were conducted under a Rule 10b5-1 plan, which was adopted on November 21, 2024.
Horizon Kinetics Asset Management LLC, where Stahl serves as Chairman, CEO, and CIO, noted in a previous filing that it beneficially owns over 3.5 million shares of Texas Pacific Land Corp. However, it is important to note that Stahl does not participate in investment decisions regarding the issuer’s securities.
In other recent news, Texas Pacific Land Corporation reported impressive financial results for the fourth quarter of 2024, surpassing analysts’ expectations. The company achieved earnings per share of $5.14, exceeding the anticipated $4.84, while revenue reached $185.78 million, outpacing the forecasted $166.81 million. Texas Pacific Land Corp also recorded a remarkable free cash flow of $461 million for the year, marking an 11% increase from the previous year. The company maintained a robust balance sheet with zero debt and $370 million in cash. Additionally, Texas Pacific Land Corp announced plans to increase its regular dividend by 37% to $1.60 per share and is targeting a $700 million cash balance. The company is actively exploring merger and acquisition opportunities in Permian minerals, royalties, water, and surface assets. These developments highlight the company’s strategic focus and operational strength, as noted by analysts from Texas Capital.
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