Texas Pacific Land Corp sees $13,474 in stock purchases by Horizon Kinetics

Texas Pacific Land Corp (NYSE:TPL), a company currently trading at $1,384.10 with a market capitalization of $31.8 billion, recently saw a series of stock acquisitions by Horizon Kinetics Asset Management LLC and its affiliates, as disclosed in a recent SEC filing. On March 25, 2025, multiple transactions were executed, resulting in the purchase of a total of nine shares of common stock, amounting to approximately $13,474. The purchase prices ranged from $1,347.37 to $1,348.16 per share. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, despite showing impressive year-to-date returns of 23.32%.

These transactions were carried out under a Rule 10b5-1 plan adopted in late 2024, as noted in the filing. The shares were acquired across various accounts, including Horizon Kinetics Hard Assets, Horizon Credit Opportunity (SO:FTCE11B) Fund LP, and Polestar (NASDAQ:PSNY) Offshore Fund Ltd, among others.

The filing also highlighted that Murray Stahl, a director of Texas Pacific Land Corp, has indirect ownership in these shares through his association with Horizon Kinetics Asset Management LLC, though he does not participate in investment decisions for the issuer’s securities.

In other recent news, Texas Pacific Land Corporation (TPL) reported its 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, while revenue reached $185.78 million, above the expected $166.81 million. TPL also reported a record free cash flow of $461 million for the year, an 11% increase from the previous year. The company maintained a strong balance sheet with zero debt and $370 million in cash. Additionally, Texas Pacific Land Corporation announced plans to increase its regular dividend by 37% to $1.60 per share and aims to target a $700 million cash balance. The company is exploring mergers and acquisitions opportunities in the Permian Basin, focusing on minerals, royalties, water, and surface assets. Despite these positive developments, the stock price remained stable in after-hours trading. Analysts from Texas Capital noted the potential for significant growth in oil and gas royalties, supported by a strong inventory of wells.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.