Trump announces 100% chip tariff as Apple ups U.S. investment
Murray Stahl, a director at Texas Pacific Land Corp (NYSE:TPL), a $30.28 billion market cap company with impressive 93.47% gross profit margins and "GREAT" financial health according to InvestingPro, has recently acquired shares in the company, according to a recent SEC filing. The transactions, dated April 30, 2025, show that Stahl purchased a total of 10 shares of common stock at prices ranging from $1,299.86 to $1,300.65 per share, near the current trading price of $1,317.20. The total value of these acquisitions amounts to approximately $13,005. According to InvestingPro’s Fair Value analysis, the stock appears slightly overvalued, with 12+ additional exclusive insights available to subscribers.
The purchases were made through various entities, including Horizon Kinetics Hard Assets and Horizon Credit Opportunity (SO:FTCE11B) Fund LP, among others. These transactions were executed under a Rule 10b5-1 plan adopted on November 21, 2024.
Horizon Kinetics Asset Management LLC, where Stahl serves as Chairman, CEO, and Chief Investment Officer, manages some of the accounts involved in these transactions. However, Stahl does not participate in investment decisions regarding the issuer’s securities.
In other recent news, Texas Pacific Land Corporation reported impressive financial results for the fourth quarter of 2024, exceeding analysts’ expectations. The company achieved earnings per share of $5.14, surpassing the anticipated $4.84, while revenue reached $185.78 million, outpacing the forecasted $166.81 million. Additionally, Texas Pacific Land Corporation reported a record free cash flow of $461 million for the year, marking an 11% increase year-over-year. The company maintained a robust balance sheet with zero debt and $370 million in cash. Analysts have noted the company’s strategic focus on infrastructure development and asset acquisition in the Permian Basin, which positions it well for future growth. Texas Pacific Land Corporation is also exploring potential mergers and acquisitions in Permian minerals, royalties, water, and surface assets. The company plans to increase its regular dividend by 37% to $1.60 per share and aims to achieve a $700 million cash balance. Despite the earnings beat, the company’s stock price remained unchanged in after-hours trading.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.