Texas Pacific Land Corp sees insider buying activity worth $13,220

In a recent filing with the Securities and Exchange Commission, Horizon Kinetics Asset Management LLC and Murray Stahl, a director at Texas Pacific Land Corp (NYSE:TPL), reported a series of stock purchases. The transactions, dated April 9, 2025, involved the acquisition of nine shares of common stock, with a total value of $13,220. The purchase prices ranged from $1,095.67 to $1,103.71 per share, below the current trading price of $1,177. According to InvestingPro analysis, TPL is currently trading above its Fair Value.

These acquisitions were made under various ownership entities associated with Horizon Kinetics, including Horizon Kinetics Hard Assets, Horizon Credit Opportunity (SO:FTCE11B) Fund LP, and others. Notably, these transactions were executed as part of a Rule 10b5-1 plan adopted in late 2024, as indicated in the filing. InvestingPro data reveals TPL maintains impressive gross profit margins of 93.47% and has shown strong financial health, with 15+ additional insights available to subscribers.

Horizon Kinetics Asset Management LLC, which is a ten percent owner of Texas Pacific Land Corp, and Murray Stahl, who holds directorial responsibilities, have a significant presence in the company's stock ownership structure. As of the latest filing, Horizon Kinetics reported beneficial ownership of over 3.5 million shares, while Stahl has direct and indirect interests in a smaller portion of shares. The company, currently valued at $27.05 billion, has demonstrated strong performance with a return on equity of 42% and maintains a solid financial position with more cash than debt on its balance sheet.

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, while revenue reached $185.78 million, outpacing the anticipated $166.81 million. Texas Pacific Land Corp also recorded a free cash flow of $461 million for the year, marking an 11% increase from the previous year. The company's balance sheet remains strong, boasting zero debt and $370 million in cash reserves. Furthermore, Texas Pacific Land Corp announced plans to increase its regular dividend by 37% to $1.60 per share. In addition, the company is exploring mergers and acquisitions opportunities in Permian minerals, royalties, water, and surface assets. These developments reflect the company's strategic focus on growth and operational efficiency.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.