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

Horizon Kinetics Asset Management LLC has reported the purchase of 3 shares of Texas Pacific Land Corp common stock on November 21, 2024.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) filed a Form 4 disclosing a purchase of 3 shares of Texas Pacific Land Corp (TPL) common stock.
• The transaction occurred on November 21, 2024, at a price of $1,452.9 per share.
• Following this transaction, HKAM directly owns 1,138,469 shares of TPL.
• This filing also references a previous Schedule 13D amendment from February 28, 2024, where HKAM reported beneficial ownership of 1,271,975 shares, and Murray Stahl's direct and indirect interests.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not contain any information that would indicate a positive or negative sentiment. It is a neutral disclosure of a transaction.

Management Comments

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

Industry Context

This filing is a routine disclosure of a transaction by a major shareholder in Texas Pacific Land Corp, a company in the land and resource management sector. Such filings are common and provide transparency into ownership changes.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and major shareholders of publicly traded companies.
• The reported transaction is relatively small in the context of the total shares owned by Horizon Kinetics Asset Management LLC.
• Comparable filings would be those of other major shareholders in similar land and resource management companies.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it is a small purchase by a major shareholder.

Key Dates

Keywords

Form 4, Texas Pacific Land Corp, Horizon Kinetics Asset Management, Share Purchase, Beneficial Ownership, TPL, HKAM