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In recent trading activity, Horizon Kinetics Asset Management LLC, a significant stakeholder in Texas Pacific Land Corp (NYSE:TPL), reported a series of stock acquisitions amounting to a total value of $15,061. These transactions, disclosed in a Form 4 filing with the Securities and Exchange Commission, took place on April 15, 2025. TPL, currently trading at $1,280.50, has demonstrated remarkable financial strength with a "GREAT" health score according to InvestingPro analysis.
The purchases involved a total of 12 shares of common stock, with prices ranging from $1,247.53 to $1,278.07 per share. The acquisitions were made under various ownership accounts associated with Horizon Kinetics, including the Horizon Kinetics Hard Assets and Horizon Credit Opportunity (SO:FTCE11B) Fund LP, among others. The company maintains impressive gross profit margins of 93.47% and has shown strong market performance with a 119.55% return over the past year.
Murray Stahl, a director at Texas Pacific Land Corp and a key figure at Horizon Kinetics, is linked to these transactions. The filing also notes that these purchases were made pursuant to a Rule 10b5-1 plan adopted in November 2024, indicating a pre-planned trading strategy.
These transactions underscore Horizon Kinetics’ ongoing investment activities in Texas Pacific Land Corp, a company involved in oil royalty trading. The filing highlights the firm’s continued interest in expanding its holdings in the company.
In other recent news, Texas Pacific Land Corporation reported impressive financial results for the fourth quarter of 2024, exceeding analysts’ expectations. The company achieved earnings per share of $5.14, surpassing the projected $4.84, and reported revenue of $185.78 million, well above the anticipated $166.81 million. The company also noted a record free cash flow of $461 million for the year, marking an 11% increase from the previous year. Texas Pacific Land Corp maintained a strong balance sheet with zero debt and $370 million in cash reserves.
Additionally, the company announced plans to increase its regular dividend by 37% to $1.60 per share, indicating a positive outlook for future shareholder returns. The company is actively exploring mergers and acquisitions in Permian minerals, royalties, water, and surface assets to enhance its growth opportunities. Analysts from Texas Capital noted the company’s compelling opportunities in consolidating the market for oil and gas royalties and surface assets.
The company’s strategic investments in infrastructure and asset acquisitions are positioning it well for continued growth, with a particular focus on the Permian Basin. Texas Pacific Land Corp’s focus on innovative projects, such as water desalination and beneficial reuse initiatives, highlights its commitment to leveraging emerging opportunities.
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