Texas Pacific Land Corp sees $13,173 in stock purchases by Horizon Kinetics

In a recent filing with the Securities and Exchange Commission, Texas Pacific Land Corp (NYSE:TPL) disclosed a series of stock purchases by Horizon Kinetics Asset Management LLC, totaling $13,173. The transactions, which took place on March 17, 2025, involved the acquisition of shares at prices ranging from $1,315.83 to $1,330.72 per share. With a current market capitalization of $30.65 billion and a P/E ratio of 67.4, InvestingPro analysis indicates the stock is trading above its Fair Value.

Murray Stahl, a director of Texas Pacific Land Corp and associated with Horizon Kinetics, was involved in these transactions. The purchases were made across various entities linked to Horizon Kinetics, including Horizon Kinetics Hard Assets, Horizon Credit Opportunity (SO:FTCE11B) Fund LP, and Polestar (NASDAQ:PSNY) Offshore Fund Ltd, among others. According to InvestingPro data, TPL maintains impressive gross profit margins of 93.47% and holds more cash than debt on its balance sheet, contributing to its "GREAT" financial health score.

Footnotes in the filing indicate that these purchases were executed under a Rule 10b5-1 plan adopted in November 2024. Additionally, Horizon Kinetics Asset Management LLC reported beneficial ownership of 3,578,173 shares, with Murray Stahl holding direct and indirect interests in a portion of these shares. Despite his roles at Horizon Kinetics, Stahl does not participate in investment decisions regarding Texas Pacific Land Corp securities. The stock has delivered an impressive 145.27% return over the past year. Discover 16 additional key insights about TPL with an InvestingPro subscription, including exclusive analysis and Fair Value calculations.

In other recent news, Texas Pacific Land Corporation (TPL) reported impressive financial results for the fourth quarter of 2024, surpassing analysts’ expectations. The company achieved earnings per share (EPS) of $5.14, exceeding the anticipated $4.84, while revenue also outperformed projections, reaching $185.78 million against an expected $166.81 million. Texas Pacific Land Corp reported a record free cash flow of $461 million for the year, highlighting a robust operational performance. The company maintained a strong balance sheet with zero debt and $370 million in cash. In terms of strategic growth, TPL is exploring mergers and acquisitions opportunities in Permian minerals, royalties, water, and surface assets. The company plans to increase its regular dividend by 37% to $1.60 per share. Analyst firms have noted TPL’s strategic focus on developing infrastructure and acquiring assets in the Permian Basin. Despite these positive developments, the company’s stock price remained stable in after-hours trading.

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