Texas Pacific Land Corp sees $13,400 in stock purchases by Horizon Kinetics

In recent activity disclosed through an SEC filing, Horizon Kinetics Asset Management LLC has reported a series of stock purchases in Texas Pacific Land Corp (NYSE:TPL), amounting to a total value of $13,400. The transactions occurred on March 13, 2025, with shares acquired at prices ranging from $1,304.05 to $1,344.05 per share. The timing is notable as TPL’s stock has experienced an 8.7% decline over the past week, though it maintains impressive gross profit margins of 93.5%.

Murray Stahl, a director at Texas Pacific Land Corp and a key figure at Horizon Kinetics, was involved in these transactions. The purchases were executed under a Rule 10b5-1 trading plan adopted in November 2024, indicating a pre-scheduled buying strategy. Following these transactions, Stahl’s direct and indirect holdings in Texas Pacific Land Corp are part of a larger interest managed by Horizon Kinetics, which does not involve his direct investment discretion. According to InvestingPro analysis, TPL maintains excellent financial health with strong liquidity, holding more cash than debt on its balance sheet.

The transactions highlight ongoing interest from institutional investors in Texas Pacific Land Corp, a company involved in oil royalty trading, amid fluctuating market conditions. Despite recent price volatility, TPL has delivered strong returns, with a 133.6% gain over the past year and has maintained dividend payments for 12 consecutive years.

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, which exceeded the forecast of $4.84. Revenue also outperformed projections, reaching $185.78 million compared to the expected $166.81 million. Additionally, Texas Pacific Land Corp reported a record free cash flow of $461 million for the year, highlighting its strong financial position with zero debt and $370 million in cash. Despite these positive results, the stock price remained stable in after-hours trading.

Looking ahead, the company plans to target a $700 million cash balance and has announced a 37% increase in its regular dividend to $1.60 per share. Texas Pacific Land Corp is also exploring mergers and acquisitions opportunities in Permian minerals, royalties, water, and surface assets. The company aims to capitalize on synergies between its data centers, power generation, and water desalination projects. These developments reflect Texas Pacific Land Corp’s strategic focus on growth and enhancing shareholder value.

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