TPL.NYSETexas Pacific Land CORP

Form 4: Horizon Kinetics Asset Management LLC Reports Transaction in Texas Pacific Land Corp (TPL)

Sentiment:

SEC Form 4 Filing

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Horizon Kinetics Asset Management LLC reports the acquisition of Texas Pacific Land Corp (TPL) common stock on May 17, 2024.

Summary

  • On May 17, 2024, Horizon Kinetics Asset Management LLC acquired Texas Pacific Land Corp (TPL) common stock.
  • The transaction involved the purchase of 3 shares at a price of $611.81 per share.
  • Following the reported transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,085,004 shares of TPL.
  • The reporting person, Horizon Kinetics Asset Management LLC, is a 10% owner of the issuer, Texas Pacific Land Corp.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard transaction report. There's no indication of positive or negative outlook, just a factual record of a stock purchase.

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 a change in Horizon Kinetics Asset Management LLC's holdings in Texas Pacific Land Corp.

Stakeholder Impact

  • The transaction may have a minor impact on shareholders as it reflects a change in ownership by a significant shareholder.

Key Dates

DateDescription
02/28/2024Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, noting beneficial ownership of 1,271,975 shares and Murray Stahl's direct and indirect interests.
05/17/2024Date of the reported transaction: acquisition of Texas Pacific Land Corp common stock.
05/20/2024Date of signature for the Form 4 filing.

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