Texas Pacific Land Corp sees $13,433 in stock purchases by executives

In a recent series of transactions disclosed in an SEC Form 4 filing, executives from Texas Pacific Land Corp (NYSE:TPL), a $31.3 billion market cap company currently trading above its InvestingPro Fair Value, have acquired a total of $13,433 worth of company stock. The purchases, which occurred on March 18, 2025, involved the acquisition of common shares at prices ranging from $1,337.31 to $1,344 per share. The company has demonstrated strong performance with a 21.6% gain year-to-date.

Murray Stahl, a director of Texas Pacific Land Corp, along with Horizon Kinetics Asset Management LLC, where Stahl serves as Chairman, CEO, and CIO, were involved in these transactions. The shares were acquired through various entities, including Horizon Kinetics Hard Assets, Horizon Credit Opportunity (SO:FTCE11B) Fund LP, and Polestar (NASDAQ:PSNY) Offshore Fund Ltd, among others. The company boasts impressive gross profit margins of 93.5% and maintains a "GREAT" financial health score according to InvestingPro, which offers 16 additional investment tips for this stock.

The transactions were conducted under a Rule 10b5-1 plan, which was adopted on November 21, 2024. This plan allows insiders to set up a predetermined schedule for buying or selling stocks to avoid accusations of insider trading.

Following these transactions, the total number of shares owned by the involved parties has increased, reflecting a continued interest and investment in Texas Pacific Land Corp. The detailed ownership structure and the nature of these holdings are further outlined in the filing, emphasizing the diverse portfolio management strategies employed by Horizon Kinetics Asset Management LLC.

In other recent news, Texas Pacific Land Corporation reported impressive financial results for the fourth quarter of 2024, exceeding analysts’ expectations. The company achieved earnings per share of $5.14, surpassing the projected $4.84, and reported revenue of $185.78 million, which was higher than the anticipated $166.81 million. Texas Pacific Land Corp also recorded a remarkable free cash flow of $461 million for the year, marking an 11% increase year-over-year. The company maintained a strong financial position with zero debt and $370 million in cash reserves. In terms of strategic growth, Texas Pacific Land Corp is exploring mergers and acquisitions in Permian minerals, royalties, water, and surface assets. Looking ahead, the company plans to increase its cash balance target to $700 million and raise its regular dividend by 37% to $1.60 per share. Analysts have noted the company’s strong operational performance and strategic initiatives, highlighting its potential for continued growth. Additionally, Texas Pacific Land Corp is focusing on infrastructure development and asset acquisition in the Permian Basin to support future expansion.

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