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In recent transactions reported by Texas Pacific Land Corp (NYSE:TPL), Horizon Kinetics Asset Management LLC, a significant stakeholder, and Murray Stahl, a director at the company, collectively acquired shares totaling $13,202. These transactions occurred on March 7, 2025, with the purchase prices ranging from $1,317.20 to $1,347.97 per share. According to InvestingPro data, TPL currently trades at a premium to its Fair Value, with a market capitalization of $30.08 billion and impressive gross profit margins of 93.47%.
Horizon Kinetics Asset Management LLC, known for its substantial holdings, increased its position in Texas Pacific Land Corp through various entities. The acquisitions were made under a Rule 10b5-1 plan, initially adopted in November 2024, which allows for preplanned stock purchases. The firm and its affiliates, including Horizon Kinetics Hard Assets and Horizon Credit Opportunity (SO:FTCE11B) Fund LP, acquired small numbers of shares, contributing to the overall investment. The stock has shown remarkable performance, delivering a 175% return over the past year. InvestingPro subscribers can access 15+ additional exclusive insights about TPL’s financial health, which is rated as "GREAT" by the platform.
Murray Stahl, who serves as Chairman, CEO, and Chief Investment Officer of Horizon Kinetics, also participated in these transactions. However, he does not exercise investment discretion regarding the issuer’s securities, as noted in the footnotes of the filing. The purchases reflect a continued interest in Texas Pacific Land Corp’s stock, which operates in the oil royalty trading sector. The company maintains a strong P/E ratio of 67.08, reflecting investor confidence in its growth potential. A comprehensive analysis of TPL’s valuation metrics and future prospects is available in the Pro Research Report on InvestingPro.
In other recent news, Texas Pacific Land Corporation reported strong financial results for the fourth quarter of 2024, exceeding analysts’ expectations. The company posted earnings per share of $5.14, surpassing the forecast of $4.84, while revenue reached $185.78 million, beating the expected $166.81 million. Texas Pacific Land Corp also reported a record free cash flow of $461 million for the year, maintaining a strong balance sheet with zero debt and $370 million in cash. The company plans to target a $700 million cash balance and increase its regular dividend by 37% to $1.60 per share.
Additionally, Texas Pacific Land Corp is exploring mergers and acquisitions opportunities, particularly in Permian minerals, royalties, water, and surface assets. The company is focusing on strategic investments in infrastructure and asset acquisition in the Permian Basin to position itself for future growth. Analysts have noted the company’s robust performance and strategic initiatives, highlighting the potential for continued success. Texas Pacific Land Corp’s management has expressed confidence in achieving significant synergies from its data centers, power generation, and water desalination projects.
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