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NEW YORK—Texas Pacific Land Corp (NYSE:TPL) recently reported a series of stock purchases by key insiders, according to a Form 4 filing with the Securities and Exchange Commission dated June 4, 2025. The transactions involved the acquisition of common stock by Murray Stahl, a director, and Horizon Kinetics Asset Management LLC, a significant shareholder. The timing appears notable, as InvestingPro data shows the stock has declined nearly 8% over the past week, with technical indicators suggesting oversold conditions.
The purchases, which took place on June 4, 2025, amounted to a total of $11,205. The shares were acquired at prices ranging from $1,120.52 to $1,120.64 per share. This activity was conducted under a Rule 10b5-1 plan adopted on November 21, 2024, indicating that these transactions were pre-planned and not executed based on any inside information. According to InvestingPro analysis, TPL maintains impressive gross profit margins of 93.5% and shows strong financial health with a current ratio of 7.8, indicating robust operational efficiency.
Murray Stahl, through various entities, increased his direct and indirect holdings in the company. The shares were acquired across different accounts, including Horizon Kinetics Hard Assets, Horizon Credit Opportunity (SO:FTCE11B) Fund LP, Horizon Common Inc, and Polestar (NASDAQ:PSNY) Offshore Fund Ltd, among others.
Horizon Kinetics Asset Management LLC, where Stahl serves as Chairman, Chief Executive Officer, and Chief Investment Officer, managed these transactions. However, it is noted that Stahl does not exercise investment discretion with respect to the securities of Texas Pacific Land Corp, as stated in the filing.
These transactions reflect ongoing interest and investment in Texas Pacific Land Corp by its insiders, providing investors with a glimpse into the confidence levels of those closely associated with the company.
In other recent news, Texas Pacific Land Corporation reported its first-quarter earnings for 2025, showing a slight miss on revenue expectations. The company posted earnings per share of $5.24, just below the forecasted $5.27, while revenue was $196 million, significantly lower than the anticipated $228 million. Despite this, Texas Pacific maintained a strong adjusted EBITDA margin of 86.4% and demonstrated a 25% year-over-year growth in oil and gas royalty production. The company’s strategic focus remains on water management and desalination projects, with an emphasis on enhancing its capabilities in these areas. Texas Pacific holds a net cash position of $460 million with zero debt, indicating robust financial health. The firm also anticipates significant easement renewal payments starting in 2026, projecting annual renewals of $35 million over the following three years. Analysts from Texas Capital noted the company’s resilience and potential growth in water management, especially in the Delaware Basin. Texas Pacific continues to explore opportunities for stock buybacks and acquisitions of high-quality royalty assets.
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