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Murray Stahl, a director at Texas Pacific Land Corp (NYSE:TPL) and Horizon Kinetics Asset Management LLC, recently reported a series of stock acquisitions in a Form 4 filing with the Securities and Exchange Commission. On April 3, 2025, Stahl and Horizon Kinetics collectively acquired shares worth $12,774, with prices ranging from $1,249.88 to $1,280.56 per share. The company, currently valued at $25.27 billion, has demonstrated remarkable financial strength with a 93.47% gross profit margin and an impressive 108.4% return over the past year, according to InvestingPro data.
The transactions were executed under a Rule 10b5-1 plan, which allows insiders to set up a trading plan for selling stocks they own in a manner that avoids concerns about insider trading. Following these acquisitions, Stahl’s direct and indirect holdings, along with those of Horizon Kinetics, reflect a strategic positioning in Texas Pacific Land Corp, a company categorized under oil royalty traders. InvestingPro analysis suggests the stock is currently trading above its Fair Value, with 14+ additional exclusive insights available to subscribers.
Notably, the filing also mentions that Horizon Kinetics Asset Management LLC, where Stahl serves as Chairman, CEO, and CIO, holds significant shares in the company. However, Stahl does not participate in investment decisions regarding the securities of Texas Pacific Land Corp, as detailed in the footnotes of the filing. The company has maintained dividend payments for 12 consecutive years, with current financial health metrics rated as "GREAT" by InvestingPro’s comprehensive analysis system.
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 projected $4.84. Revenue also outperformed forecasts, reaching $185.78 million compared to the expected $166.81 million. The company highlighted a record free cash flow of $461 million for the year and maintained a strong 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. The company is exploring potential mergers and acquisitions in the Permian Basin, focusing on minerals, royalties, water, and surface assets. Despite the positive earnings report, the company’s stock price remained stable in after-hours trading. Looking ahead, Texas Pacific Land Corp aims to achieve a $700 million cash balance and is actively seeking opportunities to capitalize on synergies between its data centers, power generation, and water desalination projects.
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