Texas Pacific Land Corp sees $11,563 in stock purchases by Horizon Kinetics

Texas Pacific Land Corp (NYSE:TPL) recently experienced a series of stock purchases by Horizon Kinetics Asset Management LLC, as disclosed in a Form 4 filing with the Securities and Exchange Commission. The transactions, all executed on April 4, 2025, involved the acquisition of common stock at prices ranging from $1,078.29 to $1,165.01 per share, totaling approximately $11,563. The timing is notable as TPL's stock has declined 18.57% over the past week, according to InvestingPro data.

Murray Stahl, a director at Texas Pacific and representing Horizon Kinetics, was involved in these transactions. The purchases were made under various ownership structures, including Horizon Kinetics Hard Assets, Horizon Credit Opportunity (SO:FTCE11B) Fund LP, and others. These acquisitions reflect ongoing interest in Texas Pacific Land Corp, which boasts impressive gross profit margins of 93.47% and has maintained dividend payments for 12 consecutive years, as revealed by InvestingPro analysis.

Horizon Kinetics Asset Management LLC, headquartered in New York, is known for its strategic investments and asset management services. The firm's involvement with Texas Pacific Land Corp underscores its commitment to maintaining a substantial presence in the energy and transportation sectors. TPL currently maintains an excellent financial health score according to InvestingPro, which offers comprehensive analysis through its Pro Research Reports covering 1,400+ top US stocks.

In other recent news, Texas Pacific Land Corporation reported better-than-expected financial results for the fourth quarter of 2024. The company achieved earnings per share of $5.14, surpassing the anticipated $4.84, while revenue reached $185.78 million, exceeding the expected $166.81 million. Texas Pacific Land Corp also highlighted a record free cash flow of $461 million for the year, marking an 11% increase from the previous year. The company continues to maintain a strong financial position 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. The company is actively exploring mergers and acquisitions opportunities in the Permian Basin, focusing on minerals, royalties, water, and surface assets. Analysts have noted the company's strategic initiatives and operational efficiencies as key drivers of its strong performance.

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