TPL.NYSETexas Pacific Land CORP

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

Sentiment:

SEC Form 4

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Horizon Kinetics Asset Management LLC reports the purchase of 3 shares of Texas Pacific Land Corp (TPL) at $816.90 per share on July 19, 2024.

Summary

  • On July 19, 2024, Horizon Kinetics Asset Management LLC acquired 3 shares of Texas Pacific Land Corp (TPL) at a price of $816.90 per share.
  • Following this transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,085,068 shares of TPL.
  • The reporting person, Horizon Kinetics Asset Management LLC, is a 10% owner of Texas Pacific Land Corp.
  • Murray Stahl does not exercise investment discretion with respect to the securities of the issuer.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment.

Management Comments

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

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 beneficial ownership for Horizon Kinetics Asset Management LLC in Texas Pacific Land Corp.

Stakeholder Impact

  • The transaction may have a minor impact on shareholders, reflecting a slight increase in Horizon Kinetics Asset Management LLC's holdings.

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 interest in shares.
07/19/2024Date of transaction: Purchase of 3 shares of TPL at $816.90 per share.
07/22/2024Date of signature for the Form 4 filing.

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