TPL.NYSETexas Pacific Land CORP

Form 4: Horizon Kinetics Asset Management LLC Increases Stake in Texas Pacific Land Corp

Sentiment:

SEC Form 4

📋All filings for Texas Pacific Land CORP
🔒Login to Follow

Horizon Kinetics Asset Management LLC reports purchasing one share of Texas Pacific Land Corp (TPL) common stock at $1,436.25, increasing their holdings to 1,167,002 shares.

Summary

  • On February 20, 2025, Horizon Kinetics Asset Management LLC acquired one share of Texas Pacific Land Corp (TPL) common stock.
  • The purchase price was $1,436.25 per share.
  • Following the transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,167,002 shares of TPL.
  • The filing also references a previous Schedule 13D amendment filed on December 18, 2024, noting beneficial ownership of 3,578,173 shares and Murray Stahl's direct and indirect interests.
  • Murray Stahl does not exercise investment discretion with respect to the securities of the Issuer.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a share purchase. The increase in holdings could be interpreted as slightly positive, but without further context, it's difficult to gauge the overall impact.

Positives

  • Horizon Kinetics Asset Management LLC increased its stake in Texas Pacific Land Corp, signaling potential confidence in the company's future.

Future Outlook

The document does not contain specific forward-looking statements regarding Texas Pacific Land Corp's future performance.

Industry Context

Texas Pacific Land Corp is involved in land ownership and resource management, primarily related to oil and gas in the Permian Basin. This filing indicates continued investment interest from a significant shareholder.

Comparison to Industry Standards

  • It is difficult to compare this specific transaction to industry standards without knowing the broader investment strategy of Horizon Kinetics.
  • However, institutional investors regularly adjust their holdings in publicly traded companies, and this Form 4 filing is a standard disclosure requirement.
  • Other major shareholders of Texas Pacific Land Corp include institutional investors such as BlackRock and Vanguard, whose investment activities could be compared to Horizon Kinetics' over time.

Stakeholder Impact

  • The increased stake by Horizon Kinetics Asset Management LLC could be viewed positively by shareholders, potentially increasing investor confidence.

Key Dates

DateDescription
2024-12-18Horizon Kinetics Asset Management LLC filed an amendment to its Schedule 13D, noting beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares.
2025-02-20Horizon Kinetics Asset Management LLC purchased one share of Texas Pacific Land Corp common stock at $1,436.25.
2025-02-21Date of signature for the Form 4 filing.

Keywords

Texas Pacific Land Corp, Horizon Kinetics Asset Management, TPL, beneficial ownership, Form 4, share purchase, investment

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.