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On March 14, 2025, Horizon Kinetics Asset Management LLC, a major stakeholder in Texas Pacific Land Corp (NYSE:TPL), reported a series of stock purchases totaling $12,733. The transactions involved the acquisition of common stock at prices ranging from $1,269.71 to $1,305.76 per share. According to InvestingPro data, TPL has demonstrated remarkable financial strength with a 93.47% gross profit margin and an impressive 142.4% return over the past year.
The purchases were executed under a Rule 10b5-1 plan, which was adopted on November 21, 2024. Horizon Kinetics Asset Management LLC, along with its chairman and CEO, Murray Stahl, has a significant interest in Texas Pacific Land Corp, a company operating in the oil royalty sector. The company maintains a strong balance sheet with a current ratio of 10.81, indicating robust liquidity management.
Following these transactions, the shares owned by various entities associated with Horizon Kinetics and Mr. Stahl have increased, reflecting the firm’s strategic interests in the company. Notably, Mr. Stahl does not directly participate in investment decisions related to these securities, as disclosed in the filing.
Horizon Kinetics’ continued investment in Texas Pacific Land Corp underscores its confidence in the company’s prospects within the energy and transportation industry.
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, outpacing the forecasted $4.84, while revenue reached $185.78 million, exceeding the projected $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. The company maintained a strong balance sheet with zero debt and $370 million in cash, demonstrating robust financial health. Looking ahead, Texas Pacific Land Corp plans to target a $700 million cash balance and increase its regular dividend by 37% to $1.60 per share. The company is also exploring mergers and acquisitions opportunities in Permian minerals, royalties, water, and surface assets. These recent developments reflect the company’s strategic focus on growth and capital allocation, as noted by analysts from various firms.
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