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In a recent filing with the Securities and Exchange Commission, Horizon Kinetics Asset Management LLC disclosed a series of stock purchases in Texas Pacific Land Corp (NYSE:TPL) amounting to $15,238. The transactions, executed on April 16, 2025, involved the acquisition of multiple shares at prices ranging from $1,265.09 to $1,284.24 per share. TPL, currently trading at $1,299.10 with a market capitalization of $29.7 billion, has demonstrated remarkable financial strength with an impressive gross profit margin of 93.5%.
Murray Stahl, a director at Texas Pacific Land Corp and a key figure at Horizon Kinetics, was associated with these transactions. The purchases were made under various ownership structures, including direct and indirect holdings through entities like Horizon Kinetics Hard Assets and Horizon Credit Opportunity (SO:FTCE11B) Fund LP. According to InvestingPro analysis, TPL has delivered an exceptional 122.6% return over the past year, though current valuations suggest the stock may be trading above its Fair Value.
These transactions were conducted as part of a Rule 10b5-1 plan adopted in November 2024, highlighting a strategic approach to stock acquisition by Horizon Kinetics. The purchases add to the substantial holdings already reported by the firm, which includes direct and indirect interests in Texas Pacific Land Corp shares. For deeper insights into TPL’s valuation and financial health metrics, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US equities with detailed analysis and actionable intelligence.
In other recent news, Texas Pacific Land Corporation reported strong financial results for the fourth quarter of 2024, surpassing analysts’ expectations. The company posted earnings per share of $5.14, exceeding the forecast of $4.84, and reported revenue of $185.78 million against an anticipated $166.81 million. Texas Pacific Land Corp also achieved a record free cash flow of $461 million for the year and maintained a strong balance sheet with zero debt and $370 million in cash. Additionally, the company plans to increase its regular dividend by 37% to $1.60 per share. Looking forward, Texas Pacific Land Corp is exploring mergers and acquisitions opportunities in Permian minerals, royalties, water, and surface assets. The company aims to capitalize on synergies between its data centers, power generation, and water desalination projects. Despite these positive developments, the company’s stock price remained stable in after-hours trading.
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