Texas Pacific Land Corp sees $15,204 in stock purchases by Horizon Kinetics

On April 14, 2025, Texas Pacific Land Corp (NYSE:TPL) saw a series of stock purchases by Horizon Kinetics Asset Management LLC, totaling $15,204. The transactions involved the acquisition of shares at prices ranging from $1,249.61 to $1,272.83 per share. The stock has shown strong momentum recently, with an 11.64% return over the past week. According to InvestingPro analysis, TPL maintains impressive gross profit margins of 93.47%.

Murray Stahl, a director at Texas Pacific Land Corp, was involved in these transactions through various entities associated with Horizon Kinetics. These acquisitions were made under a Rule 10b5-1 plan, which was adopted in late 2024. The transactions reflect Horizon Kinetics’ continued interest in Texas Pacific Land Corp, where they hold significant stakes both directly and indirectly. The company maintains strong financial health, earning a "GREAT" rating from InvestingPro’s comprehensive analysis system.

The purchases were executed without any equity swaps involved, indicating a straightforward acquisition of common stock. The shares acquired are held in various capacities, including direct ownership and through several investment funds and entities associated with Horizon Kinetics.

These transactions contribute to Horizon Kinetics’ broader investment strategy, which is managed by Murray Stahl in his capacity as Chairman, CEO, and Chief Investment Officer, although he does not directly participate in investment decisions regarding Texas Pacific Land Corp.

In other recent news, Texas Pacific Land Corporation (TPL) reported strong financial results for the fourth quarter of 2024, surpassing analysts’ expectations. The company posted earnings per share of $5.14, exceeding the forecasted $4.84. Revenue also topped projections, coming in at $185.78 million against an expected $166.81 million. TPL achieved a record free cash flow of $461 million for 2024, reflecting an 11% increase year-over-year. The company maintained a strong balance sheet with zero debt and $370 million in cash. Looking ahead, TPL plans to increase its regular dividend by 37% to $1.60 per share. Additionally, the company is exploring mergers and acquisitions opportunities in Permian minerals, royalties, water, and surface assets. These recent developments indicate a focus on strategic growth and shareholder returns.

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