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In recent transactions, Horizon Kinetics Asset Management LLC, along with its Chairman and CEO Murray Stahl, acquired shares of Texas Pacific Land Corp (NYSE:TPL) amounting to a total value of $13,698. The purchases, executed on February 27, 2025, involved multiple acquisitions of common stock at prices ranging from $1,367.31 to $1,370.13 per share. The stock, currently trading at $1,429, has demonstrated remarkable strength with a 22.61% year-to-date return. According to InvestingPro analysis, TPL maintains excellent financial health with a "GREAT" overall score.
The transactions were made under a pre-established Rule 10b5-1 trading plan, which allows insiders to set up a trading plan for selling stocks they own. Following these acquisitions, the shares are held both directly and indirectly through various entities associated with Horizon Kinetics and Mr. Stahl.
Horizon Kinetics, a significant stakeholder in Texas Pacific Land Corp, continues to hold a substantial interest in the company, with beneficial ownership previously reported to include over 3.5 million shares. Notably, Mr. Stahl’s involvement in these transactions is limited to his pecuniary interest, as he does not participate in investment decisions regarding the issuer’s securities.
These transactions reflect Horizon Kinetics’ ongoing engagement with Texas Pacific Land Corp, an oil royalty company based in Dallas, Texas.
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 (EPS) of $5.14, exceeding the forecasted $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, reflecting 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 Corp announced plans to increase its regular dividend by 37% to $1.60 per share. The company is exploring mergers and acquisitions opportunities in Permian minerals, royalties, water, and surface assets. Analysts have noted the company’s strategic focus on infrastructure development and asset acquisition in the Permian Basin as a positive indicator for future growth.
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