Form 4: Horizon Kinetics Asset Management LLC Reports Share Purchase in Texas Pacific Land Corp

Horizon Kinetics Asset Management LLC has reported the purchase of 3 shares of Texas Pacific Land Corp common stock.

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 on December 4, 2024.
• The purchase was made at a price of $1,558.7 per share.
• Following the transaction, HKAM's direct ownership of TPL shares is 1,138,493.
• The filing also references a previous Schedule 13D amendment from February 28, 2024, which noted HKAM's 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 indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by significant shareholders, providing transparency to the market.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for reporting changes in beneficial ownership by insiders and significant shareholders in publicly traded companies.
• The reported transaction is a relatively small purchase of 3 shares, which is not unusual for large institutional investors who may be adjusting their positions.
• Other large asset managers and institutional investors in the oil and gas sector, such as BlackRock or Vanguard, also regularly file similar forms when their ownership changes.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders due to the small number of shares purchased.

Key Dates

Keywords

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