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Texas Pacific Land Corp (NYSE:TPL), a $30.45 billion market cap company currently trading at $1,324.70, recently saw insider activity involving significant stock purchases. According to a Form 4 filing with the Securities and Exchange Commission, Murray Stahl, a director of the company, along with Horizon Kinetics Asset Management LLC, reported acquiring a total of nine shares of Texas Pacific Land Corp’s common stock on March 12, 2025. InvestingPro analysis suggests the stock is trading above its Fair Value, with impressive returns of over 156% in the past year. The transactions were executed at prices ranging from $1,337.64 to $1,349.26 per share, amounting to an aggregate purchase value of $13,480.
The acquisitions were conducted under a Rule 10b5-1 plan adopted on November 21, 2024, allowing for pre-scheduled trading of securities. The purchases were spread across multiple entities, including Horizon Kinetics Hard Assets, Horizon Credit Opportunity (SO:FTCE11B) Fund LP, and Polestar (NASDAQ:PSNY) Offshore Fund Ltd, among others.
Murray Stahl, who serves as Chairman, Chief Executive Officer, and Chief Investment Officer of Horizon Kinetics Asset Management LLC, does not participate in investment decisions regarding Texas Pacific Land Corp securities. The transactions reflect indirect ownership through various funds and partnerships managed by Horizon Kinetics. For deeper insights into TPL’s valuation and performance metrics, including 15+ additional ProTips and detailed financial analysis, visit InvestingPro.
In other recent news, Texas Pacific Land Corporation reported impressive financial results for the fourth quarter of 2024, surpassing analysts’ expectations. The company’s earnings per share (EPS) reached $5.14, exceeding the anticipated $4.84, while revenue hit $185.78 million, outstripping the forecasted $166.81 million. Texas Pacific Land Corp also achieved a record free cash flow of $461 million for the year, marking an 11% increase from the previous year. The company maintained a strong balance sheet with zero debt and $370 million in cash. Despite these strong financials, the company’s stock price remained stable in after-hours trading. Looking ahead, Texas Pacific Land Corp aims to increase its regular dividend by 37% to $1.60 per share and is exploring mergers and acquisitions opportunities in Permian minerals and other assets. The company is also targeting a $700 million cash balance. These developments reflect Texas Pacific Land Corp’s strategic focus on growth and shareholder returns.
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