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Murray Stahl, a director at Texas Pacific Land Corp (NYSE:TPL), recently acquired shares in the company amounting to $13,491, according to a recent SEC filing. The acquisitions took place on May 13, 2025, with shares purchased at prices ranging from $1,347.71 to $1,362.15. The stock, currently trading at $1,382.40, has delivered an impressive 24.8% return year-to-date, according to InvestingPro data.
The transactions were executed through various entities associated with Stahl, including Horizon Kinetics Asset Management LLC, where he serves as Chairman, CEO, and Chief Investment Officer. Notably, these purchases were made under a pre-established Rule 10b5-1 trading plan adopted in November 2024. InvestingPro analysis shows TPL maintains exceptional financial health with a "GREAT" overall score and industry-leading gross margins of 93.5%.
After these acquisitions, Stahl’s direct and indirect holdings in Texas Pacific Land Corp include interests managed by Horizon Kinetics and other related accounts. Despite his leadership roles, Stahl does not participate in investment decisions regarding Texas Pacific Land Corp securities. With a market capitalization of $31.6 billion and a P/E ratio of 68.7, TPL currently trades above its Fair Value according to InvestingPro analysis, which offers 12+ additional insights about the company’s valuation and performance.
In other recent news, Texas Pacific Land Corporation reported its first-quarter earnings for 2025, showing a slight miss on revenue expectations. The company posted earnings per share of $5.24, just shy of the forecasted $5.27. Revenue was reported at $196 million, falling short of the anticipated $228 million. Despite this, Texas Pacific achieved a strong adjusted EBITDA margin of 86.4% and a 25% year-over-year growth in oil and gas royalty production. Analysts have not provided new upgrades or downgrades following this announcement, but the company maintains a positive outlook with strategic plans for water management and potential stock buybacks. Texas Pacific’s strong financial position is underscored by a net cash position of $460 million and zero debt. The company is exploring opportunities for high-quality royalty asset acquisitions and anticipates significant easement renewal payments starting in 2026. Texas Pacific’s focus on desalination projects and innovations in water management suggests long-term growth potential.
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