Texas Pacific Land Corporation (NYSE:TPL) has seen a lot of interest on Wall Street, even though the broader market has been cooling due to the economy losing momentum post-tariffs. Still, the company’s Director Murray Stahl has maintained steady share purchases into May 2025.
This is despite TPL stock plateauing this year. TPL stock is down nearly 25% from its peak in November 2024 and is flat year-to-date, and it also missed Q1 earnings recently. But Stahl continues accumulating shares.
Through May 2025, Stahl has been acquiring 10-12 shares almost daily according to a predetermined Rule 10b5-1 plan. Most recently, he purchased shares worth $10,930 on May 8, 2025, at prices ranging from $1,331.42 to $1,348.02 per share. This follows similar transactions on May 1, when he acquired nine shares at prices between $1,278.00 and $1,317.48.
He maintained his buying schedule even when the stock fell below $1,100 in early April 2025. Horizon Kinetics Asset Management LLC holds around 16% of TPL's outstanding shares, and this is a company where Stahl serves as Chairman, CEO, and CIO.
Stahl’s buying plan is mostly very long-term, and his buying pattern is more systematic. If you are looking at the stock at current prices, it is smarter to look at things differently. Unlike Stahl, you probably aren’t sitting on big gains from earlier buys.
You’re paying 65 times earnings and almost 51 times forward earnings. Even though the stock has a 0.43% dividend yield and reported solid 12.5% revenue growth, I believe it’s not worth it. Net margin fell 6.3%, and we could be on the cusp of more trouble for the energy sector if a soft landing fails. This will translate into dismal performance for TPL stock. The average price target at $1,280 already implies downside.
Plus, there are far better bets to make if you’re paying that much. The market is full of opportunities after the recent correction.
