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In recent activity disclosed in a regulatory filing, Horizon Kinetics Asset Management LLC and its director, Murray Stahl, reported acquiring shares of Texas Pacific Land Corp (NYSE:TPL) valued at a total of $14,227. The transactions, which took place on April 11, 2025, involved multiple purchases of common stock at prices ranging from $1,181.51 to $1,187 per share. According to InvestingPro data, TPL currently trades at $1,239.90, with the stock showing impressive momentum, delivering a 108% return over the past year.
The acquisitions were made through various entities associated with Horizon Kinetics, including Horizon Kinetics Hard Assets, Horizon Credit Opportunity (SO:FTCE11B) Fund LP, and Polestar (NASDAQ:PSNY) Offshore Fund Ltd, among others. These purchases were conducted under a Rule 10b5-1 plan, a prearranged trading plan that allows insiders to buy or sell a predetermined number of shares at a predetermined time. The company maintains strong fundamentals with an exceptional gross profit margin of 93.47% and a healthy current ratio of 10.81.
Murray Stahl, who serves as Chairman, CEO, and CIO of Horizon Kinetics, is noted to have a direct interest in 7,848 shares and an indirect interest in approximately 156,083 shares of Texas Pacific Land Corp. However, he does not participate in investment decisions regarding the securities of the issuer. The transactions reflect Horizon Kinetics’ continued interest in Texas Pacific Land Corp, which operates in the oil royalty trading sector. With a market capitalization of $28.5 billion and an "GREAT" financial health score from InvestingPro, TPL demonstrates strong market position. Discover 12 additional exclusive ProTips and comprehensive analysis in the Pro Research Report.
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 forecasted $4.84, and revenue of $185.78 million, which was higher than the expected $166.81 million. Texas Pacific Land Corp also reported a record free cash flow of $461 million for the year, reflecting an 11% increase year-over-year. The company’s strategic investments in the Permian Basin have contributed to a 14% rise in oil and gas royalty production and a 31% increase in water sales volumes.
Additionally, Texas Pacific Land Corp maintained a robust 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 actively exploring mergers and acquisitions opportunities in Permian minerals, royalties, water, and surface assets. Despite the strong financial performance, the company’s stock price remained stable in after-hours trading. The firm is also focusing on developing infrastructure and acquiring assets, positioning itself for future growth in various sectors, including data centers and power generation.
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