BofA update shows where active managers are putting money
Texas Pacific Land Corp (NYSE:TPL), a company currently valued at over $30 billion and boasting impressive gross profit margins of 93%, witnessed notable activity from Horizon Kinetics Asset Management LLC and Murray Stahl, a director, involving a series of stock purchases. According to the recent SEC Form 4 filing, a total of $13,507 worth of common stock was acquired on March 21, 2025. The purchases involved seven transactions at prices ranging from $1,312.23 to $1,355 per share. According to InvestingPro analysis, the stock is currently trading above its Fair Value.
Horizon Kinetics Asset Management LLC, a significant stakeholder in Texas Pacific Land Corp, executed these transactions as part of their ongoing investment strategy. The shares were acquired through various funds and entities associated with Horizon Kinetics, including Horizon Kinetics Hard Assets, Horizon Credit Opportunity (SO:FTCE11B) Fund LP, and others. The company’s strong financial position is evident in its excellent financial health score and zero debt-to-equity ratio, as reported by InvestingPro, which offers 15+ additional insights about TPL’s performance and outlook.
The transactions highlight the continued interest and investment by Horizon Kinetics in Texas Pacific Land Corp, a company known for its oil royalty interests. This activity is part of a broader strategy, with some purchases made under a pre-established Rule 10b5-1 plan.
Horizon Kinetics Asset Management LLC, based in New York, holds a substantial position in Texas Pacific Land Corp, as disclosed in a previous amendment to its Schedule 13D filing. The firm and its associated entities continue to manage and adjust their holdings to align with their investment objectives.
In other recent news, Texas Pacific Land Corporation reported impressive financial results for the fourth quarter of 2024, surpassing analysts’ expectations. The company achieved an earnings per share of $5.14, exceeding 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 disclosed a record free cash flow of $461 million for the year, marking an 11% increase compared to the previous year. The company maintains a strong balance sheet with zero debt and $370 million in cash. Despite these robust financial results, the stock price remained stable, suggesting that investors may have already anticipated the positive outcomes.
Additionally, Texas Pacific Land Corp announced plans to increase its regular dividend by 37% to $1.60 per share and is exploring mergers and acquisitions in the Permian Basin. The company is targeting a $700 million cash balance while seeking opportunities in minerals, royalties, water, and surface assets. Analysts from Texas Capital noted that there are compelling opportunities for consolidation in the market for oil and gas royalties, surface, and water assets. The company also highlighted its strategic investments in infrastructure and asset acquisitions, which have bolstered its growth prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.