Procore signs multi-year strategic collaboration agreement with AWS
Murray Stahl, a director at Texas Pacific Land Corp (NYSE:TPL), has recently acquired shares in the company, according to a recent SEC filing. The purchase comes as TPL demonstrates impressive financial performance, with InvestingPro data showing a remarkable 138% return over the past year and an outstanding gross profit margin of 93.5%. On May 1, 2025, Stahl purchased a total of nine shares of common stock, with prices ranging from $1,278.00 to $1,317.48 per share. The total value of these transactions amounts to $12,819. These purchases were made through various entities, including Horizon Kinetics Asset Management LLC, where Stahl serves as Chairman, CEO, and CIO. It’s noted that these acquisitions were part of a pre-established trading plan under Rule 10b5-1. With the company’s upcoming earnings report scheduled for May 7, 2025, and current analysis suggesting the stock is trading above its Fair Value, investors can access comprehensive insider trading analysis and 14 additional key insights through InvestingPro’s detailed research reports.
In other recent news, Texas Pacific Land Corporation reported impressive financial results for the fourth quarter of 2024, surpassing analysts’ expectations. The company achieved an earnings per share of $5.14, exceeding the projected $4.84, while revenue reached $185.78 million, outperforming the anticipated $166.81 million. Texas Pacific Land Corp also reported a record free cash flow of $461 million for the year, marking an 11% increase from the previous year. Despite these strong results, the company’s stock price remained unchanged in after-hours trading. The company maintained a robust balance sheet with zero debt and $370 million in cash. Texas Pacific Land Corp is also exploring mergers and acquisitions opportunities in the Permian Basin to enhance its asset portfolio. Analysts from firms like Texas Capital have noted the company’s strategic focus on infrastructure development, which positions it well for future growth. Additionally, the company announced plans to increase its regular dividend by 37% to $1.60 per share, reflecting confidence in its financial health and future prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.