Texas Pacific Land Corp sees $14,455 in stock purchases

In a recent filing with the Securities and Exchange Commission, Horizon Kinetics Asset Management LLC and its Chairman, Murray Stahl, disclosed several stock purchases in Texas Pacific Land Corp (NYSE:TPL), a $27.1 billion market cap company with impressive 93.5% gross profit margins according to InvestingPro. On April 10, 2025, a total of $14,455 worth of common stock was acquired, with purchase prices ranging from $1,178.80 to $1,213.28 per share.

The transactions, executed under a Rule 10b5-1 plan adopted in November 2024, included purchases made through various entities associated with Horizon Kinetics. These entities include Horizon Kinetics Hard Assets, Horizon Credit Opportunity (SO:FTCE11B) Fund LP, Horizon Common Inc, and Polestar (NASDAQ:PSNY) Offshore Fund Ltd, among others. Following these transactions, Horizon Kinetics Asset Management LLC reported beneficial ownership of over 3.5 million shares, reflecting its significant stake in Texas Pacific Land Corp, which currently trades at a P/E ratio of 58.75x.

Murray Stahl, who serves as the Chairman, Chief Executive Officer, and Chief Investment Officer of Horizon Kinetics, does not exercise investment discretion over the securities of Texas Pacific Land Corp, as noted in the filing. The transactions highlight Horizon Kinetics' ongoing investment strategy and its confidence in the prospects of Texas Pacific Land Corp, which has demonstrated strong financial performance with a 42% return on equity and maintains a "GREAT" financial health score according to InvestingPro, which offers comprehensive analysis of 1,400+ US stocks through its Pro Research Reports.

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, and reported revenue of $185.78 million, which was well above the anticipated $166.81 million. Additionally, Texas Pacific Land Corp recorded a record free cash flow of $461 million for the year, marking an 11% increase from the previous year. The company maintained a strong balance sheet with zero debt and $370 million in cash. Notably, the company announced plans to increase its regular dividend by 37% to $1.60 per share. Looking forward, Texas Pacific Land Corp is exploring mergers and acquisitions in Permian minerals, royalties, water, and surface assets. The company's strategic initiatives and robust financial health reflect its effective management and commitment to growth.

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