Form 4: Horizon Kinetics Asset Management LLC Reports Acquisition of Texas Pacific Land Corp Shares

Horizon Kinetics Asset Management LLC reports acquiring additional shares of Texas Pacific Land Corp, increasing its beneficial ownership.

Summary

• On May 28, 2024, Horizon Kinetics Asset Management LLC acquired 3 shares of Texas Pacific Land Corp common stock at a price of $615.48 per share.
• Following the transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,085,022 shares of Texas Pacific Land Corp.
• The reporting person, Horizon Kinetics Asset Management LLC, is a 10% owner of Texas Pacific Land Corp.
• Murray Stahl's direct interest is in 2,474 shares and his indirect interest is in approximately 53,550 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard disclosure of share acquisition. The acquisition itself could be seen as slightly positive, but without further context, it's difficult to assess the overall impact.

Positives

• The acquisition of additional shares may indicate confidence in the future performance of Texas Pacific Land Corp.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell shares. This filing indicates changes in ownership and can be used by investors to gauge sentiment.

Stakeholder Impact

• The change in beneficial ownership may be of interest to shareholders of Texas Pacific Land Corp.

Key Dates