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Texas Pacific Land Corp: Horizon Kinetics Asset Management Buys 1 Share at $979.33
ByAinvest
Friday, Aug 1, 2025 10:32 am ET1min read
Texas Pacific Land Corp (TPL) recently announced that Horizon Kinetics Asset Management LLC, a 10% owner of the company, has acquired 1 share at a price of $979.33 per share on July 31, 2025.
Texas Pacific Land Corp (TPL) recently disclosed that Horizon Kinetics Asset Management LLC, a significant shareholder with a 10% stake, has acquired one additional share of the company's common stock. The transaction occurred on July 31, 2025, with the share purchased at $979.33 per share [1].Horizon Kinetics' latest acquisition brings its total beneficial ownership in TPL to 1,163,963 shares, further solidifying its position as a major investor in the company. This move aligns with Horizon Kinetics' strategy of investing in companies with robust financial health and strategic growth prospects [2].
The acquisition comes amidst a period of mixed financial performance for TPL. In its first-quarter earnings report for 2025, the company reported a revenue shortfall, posting earnings per share of $5.24, slightly below the forecasted $5.27, and revenue of $196 million, missing the anticipated $228 million. Despite this, TPL maintained a strong adjusted EBITDA margin of 86.4% and achieved a 25% year-over-year growth in oil and gas royalty production [1].
Texas Capital Securities recently upgraded TPL's stock from Hold to Buy, citing potential in the company's desalination project and its position as a consolidator in the Permian Basin. The firm raised the price target to $1,280.00, reflecting confidence in the company's strategic initiatives [1]. TPL's management is optimistic about advancing its desalination project and exploring power generation and data center opportunities by the year's end.
Horizon Kinetics' latest acquisition is part of its ongoing investment strategy, which focuses on companies with robust financial health and strategic growth prospects. The company's direct ownership of TPL shares stands at 10%, indicating a significant stake in the company's future performance [2].
References:
[1] https://www.ainvest.com/news/texas-pacific-land-corp-horizon-kinetics-buys-1-share-980-04-2025-07-28-2507/
[2] https://www.sec.gov/Archives/edgar/data/1811074/000143774925023577/xslF345X03/rdgdoc.xml
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