Trump announces 100% chip tariff as Apple ups U.S. investment
Texas Pacific Land Corp (NYSE:TPL), a $30.11 billion market cap company currently trading above its InvestingPro Fair Value, experienced notable stock activity as Horizon Kinetics Asset Management LLC and Murray Stahl, a director at the company, reported multiple transactions. The transactions, dated March 4, 2025, involved the purchase of a total of nine shares of common stock, with a value of approximately $13,306. The purchase prices ranged from $1,329.96 to $1,337.24 per share.
Horizon Kinetics Asset Management LLC, a significant stakeholder, and Murray Stahl, through various entities, increased their holdings in Texas Pacific Land Corp, which boasts impressive gross profit margins of 93.47% and has delivered a remarkable 175.87% return over the past year. The transactions were executed under a Rule 10b5-1 plan, which allows insiders to set up a trading plan for selling stocks they own. These acquisitions add to the substantial holdings already reported by Horizon Kinetics and Murray Stahl, who maintain a significant interest in the company through direct and indirect ownership.
This activity comes as part of ongoing investment strategies by Horizon Kinetics and its affiliates, which manage considerable shares in the company. The purchases are consistent with the firm’s long-term investment approach in Texas Pacific Land Corp, a company involved in oil royalty trading. InvestingPro analysis reveals 15 additional key insights about TPL’s financial health, which is rated as "GREAT" with an overall score of 3.31.
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, beating the projected $4.84. Revenue also exceeded forecasts, reaching $185.78 million compared to the anticipated $166.81 million. TPL’s strong performance was further highlighted by a record free cash flow of $461 million for the year and maintaining a robust balance sheet with zero debt and $370 million in cash. Despite these achievements, the company’s stock price remained stable in after-hours trading. Looking ahead, TPL 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. Analysts have noted that TPL’s strategic investments and operational efficiency have positioned the company well for future growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.