Stock market today: S&P 500 rides Apple-led tech rally to close higher
On March 10, 2025, Murray Stahl, a director at Texas Pacific Land Corp (NYSE:TPL), disclosed a series of stock purchases in a recent SEC filing. Stahl acquired a total of seven shares of the company’s common stock, with transaction prices ranging from $1,339.20 to $1,371.60 per share. The total value of these transactions amounted to $13,683. The purchases come as TPL maintains strong financial metrics, with InvestingPro data showing an impressive 93.47% gross profit margin and a market capitalization of $31.05 billion.
The purchases were made through various entities associated with Horizon Kinetics Asset Management LLC, where Stahl holds a significant position. These acquisitions were executed under a pre-established Rule 10b5-1 trading plan adopted in November 2024.
Following these transactions, the shares are held across several entities, including Horizon Kinetics Hard Assets, Horizon Credit Opportunity (SO:FTCE11B) Fund LP, and Polestar (NASDAQ:PSNY) Offshore Fund Ltd, among others. Despite his roles at Horizon Kinetics, Mr. Stahl does not participate in investment decisions regarding the securities of Texas Pacific Land Corp.
This activity adds to the broader investment landscape surrounding Texas Pacific Land Corp, a significant player in the oil royalty sector. According to InvestingPro analysis, while the company shows robust operational metrics with revenue growth of 11.75%, it currently trades at a premium valuation with a P/E ratio of 68.41. For detailed insights and 15 additional ProTips about TPL, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Texas Pacific Land Corporation reported impressive financial results for the fourth quarter of 2024, surpassing analysts’ expectations. The company announced earnings per share of $5.14, exceeding the anticipated $4.84, while revenue reached $185.78 million, outperforming the projected $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’s balance sheet remains strong, with zero debt and $370 million in cash. Looking ahead, Texas Pacific Land Corp plans to increase its regular dividend by 37% to $1.60 per share and aims for a $700 million cash balance. The company is exploring mergers and acquisitions in the Permian Basin, targeting opportunities in minerals, royalties, water, and surface assets. Analysts have noted the company’s effective management and strategic initiatives as key drivers of its recent success.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.