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In a recent transaction, Murray Stahl, a director of Texas Pacific Land Corp (NYSE:TPL), acquired additional shares in the company. The purchase, which took place on May 21, 2025, involved a total of seven shares of common stock. The acquisition price ranged from $1,380.15 to $1,398.84 per share, amounting to an overall investment of $13,820. The stock, currently trading at $1,294.30, has shown strong momentum with a 22.72% year-to-date return, though InvestingPro analysis suggests it may be overvalued at current levels.
The shares were purchased through various entities associated with Horizon Kinetics, where Stahl holds a significant position. The transactions were conducted under a Rule 10b5-1 plan adopted in November 2024, as per the footnotes in the filing. TPL, with its impressive 93.54% gross profit margin and market capitalization of $29.79 billion, maintains strong financial health according to InvestingPro metrics.
Horizon Kinetics Asset Management LLC, where Stahl serves as Chairman, Chief Executive Officer, and Chief Investment Officer, filed an amendment to its Schedule 13D in December 2024. The amendment disclosed beneficial ownership of over 3.5 million shares, with Stahl having a direct interest in 7,848 shares and an indirect interest in approximately 156,083 shares. However, it was noted that Stahl does not have investment discretion over the securities of Texas Pacific Land Corp.
These acquisitions reflect ongoing interest and investment by key stakeholders in Texas Pacific Land Corp, highlighting the company’s position in their portfolios.
In other recent news, Texas Pacific Land Corporation reported its first-quarter earnings for 2025, revealing a slight miss on revenue expectations. The company posted earnings per share (EPS) of $5.24, narrowly missing the forecasted $5.27, while revenue came in at $196 million, falling short of the anticipated $228 million. Despite the revenue miss, Texas Pacific maintained a strong adjusted EBITDA margin of 86.4% and reported a 25% year-over-year growth in oil and gas royalty production. The company’s free cash flow increased by 11% year-over-year, reaching $127 million, and it maintains a net cash position of $460 million with zero debt. Texas Pacific continues to focus on strategic innovations, including desalination projects, which position it for long-term success. The company is also exploring opportunities for stock buybacks and the acquisition of high-quality royalty assets. Analyst feedback from firms like Texas Capital suggests that Texas Pacific’s strong operational metrics and strategic initiatives could help mitigate investor concerns over the revenue miss. CEO Ty Glover emphasized the company’s resilience, highlighting its ability to withstand commodity price downturns.
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