TPL.NYSETexas Pacific Land CORP

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

Sentiment:

SEC Form 4

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Horizon Kinetics Asset Management LLC, a 10% owner of Texas Pacific Land Corp, reports purchasing 3 shares of common stock at $585.81 per share.

Summary

  • On April 22, 2024, Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp common stock.
  • The purchase price was $585.81 per share.
  • Following the transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,084,947 shares.
  • Murray Stahl does not exercise investment discretion with respect to the securities of the issuer.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports a transaction. It doesn't indicate positive or negative outlook.

Management Comments

  • Murray Stahl does not exercise investment discretion with respect to the securities of the issuer.

Industry Context

This filing indicates continued investment interest in Texas Pacific Land Corp by a significant shareholder. Form 4 filings are routine and provide transparency into insider transactions, which can be informative for other investors.

Stakeholder Impact

  • The transaction may have a minor impact on shareholders by signaling continued confidence from a major shareholder.

Key Dates

DateDescription
02/28/2024Horizon Kinetics Asset Management LLC filed an amendment to its Schedule 13D, noting beneficial ownership of 1,271,975 shares and Murray Stahl's direct and indirect interests.
04/22/2024Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp common stock at $585.81 per share.
04/23/2024Date of signature for the Form 4 filing.

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