Trump announces 100% chip tariff as Apple ups U.S. investment
Murray Stahl, a director at Texas Pacific Land Corp (NYSE:TPL), has recently acquired shares in the company amounting to a total of $13,391. According to a recent SEC filing, Stahl purchased these shares at prices ranging from $1,328.51 to $1,340.36 per share. The purchase comes as TPL’s stock has experienced an 8.5% decline over the past week, though it maintains an impressive 165% return over the past year.
The transactions, dated March 6, 2025, involved the purchase of a total of 10 shares of common stock. These acquisitions were executed through various entities associated with Stahl, including Horizon Kinetics Hard Assets LLC and Horizon Credit Opportunity (SO:FTCE11B) Fund LP.
Horizon Kinetics Asset Management LLC, where Stahl holds a significant position, also reported changes in share ownership. The filing notes that these purchases were made under a Rule 10b5-1 plan, which was adopted in November 2024.
This recent activity reflects continued interest and investment in Texas Pacific Land Corp by key stakeholders. The company, headquartered in Dallas, Texas, is involved in oil royalty trading and holds a significant position in the energy and transportation sector. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with 16 additional key insights available to subscribers through their comprehensive Pro Research Report.
In other recent news, Texas Pacific Land Corporation reported strong financial results for the fourth quarter of 2024, surpassing analysts’ expectations. The company posted earnings per share of $5.14, exceeding the forecasted $4.84, and revenue of $185.78 million, which was above the expected $166.81 million. Texas Pacific Land Corp also achieved a record free cash flow of $461 million for the year, marking an 11% increase compared to the previous year. The company maintained a robust balance sheet with zero debt and $370 million in cash. Additionally, Texas Pacific Land Corp announced plans to target a $700 million cash balance and increase its regular dividend by 37% to $1.60 per share. Analysts have noted the company’s strategic focus on mergers and acquisitions opportunities in Permian minerals, royalties, water, and surface assets. The firm also highlighted its efforts in developing infrastructure and acquiring assets, which have positioned it for future growth. These developments reflect Texas Pacific Land Corp’s strategic initiatives and effective management, marking a significant improvement compared to previous quarters.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.