Texas Pacific Land Corp sees $13,523 in stock purchases by Murray Stahl

Texas Pacific Land Corp (NYSE:TPL), a $32.6 billion market cap company currently trading above InvestingPro’s Fair Value estimate, recently witnessed a series of stock purchases by Murray Stahl, a director at the company. According to a recent SEC filing, Stahl acquired a total of nine shares of common stock on February 28, 2025, with transaction prices ranging from $1,347.26 to $1,398.64 per share. The total value of these transactions amounted to $13,523. The company has shown impressive performance, with a 178% return over the past year and maintains a robust 93.5% gross profit margin.

The purchases were made through various investment entities associated with Stahl, including Horizon Kinetics Hard Assets LLC, Horizon Credit Opportunity (SO:FTCE11B) Fund LP, and Horizon Common Inc, among others. Notably, these transactions were executed under a Rule 10b5-1 plan adopted in November 2024, which allows insiders to set up a predetermined schedule for buying or selling stock. According to InvestingPro, TPL demonstrates strong financial health with more cash than debt and liquid assets exceeding short-term obligations - just two of 16+ available ProTips for subscribers.

As of the filing date, Horizon Kinetics Asset Management LLC, where Stahl serves as Chairman, CEO, and CIO, reported beneficial ownership of over 3.5 million shares of Texas Pacific Land Corp. However, the filing notes that Stahl does not exercise investment discretion regarding these securities. The extent of his pecuniary interest is disclosed in the filing, and he disclaims beneficial ownership except for his direct and indirect interests. For comprehensive analysis of TPL’s valuation, financial health, and growth prospects, access the full Pro Research Report available exclusively on InvestingPro.

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, exceeding the projected $4.84, while revenue reached $185.78 million, surpassing the anticipated $166.81 million. Texas Pacific Land Corp also reported a record free cash flow of $461 million for the year and maintained a strong balance sheet with zero debt and $370 million in cash. The company announced plans to increase its regular dividend by 37% to $1.60 per share and is exploring mergers and acquisitions opportunities in the Permian Basin. Additionally, Texas Pacific Land Corp is focusing on developing infrastructure and acquiring assets, with a strategic emphasis on data centers, power generation, and water desalination projects. The company is targeting a $700 million cash balance, intending to use surplus cash for share repurchases and dividends. Despite the strong financial performance, the stock price remained stable in after-hours trading.

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