Peter Doyle Acquires Shares in Texas Pacific Land Corporation

On June 15, 2026, Peter Doyle purchased 4 shares of Texas Pacific Land Corporation (NYSE:TPL) at an average price of $381.95 per share, totaling approximately $1,528. This transaction was not part of a pre-planned trading scheme.

Insider Buying and Selling at Texas Pacific Land Corporation

Peter Doyle's recent purchase on June 15, 2026, involved 4 shares of Texas Pacific Land Corporation at $381.95 each. This transaction was not under a Rule 10b5-1 plan. Additionally, Horizon Kinetics Asset Management LLC made several small purchases around the same period, buying 1 share on multiple days at varying prices.

Other Institutional Activity in Texas Pacific Land Corporation

Horizon Kinetics Asset Management LLC trimmed its holdings by 318,383 shares, ending with 10,015,379 shares valued at approximately $4.75 billion. Meanwhile, BlackRock, Inc. slightly reduced its position, selling 757 shares to hold 5,952,515 shares worth about $2.82 billion. On the other hand, State Street Corp increased its stake by 197,953 shares, now holding 3,784,957 shares valued at roughly $1.80 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both initiated positions, with 3,783,685 and 3,142,852 shares respectively.

Texas Pacific Land Corporation Stock Down 2.2%

Shares of TPL traded near $356.35. The company boasts a market cap of $24.58 billion and a P/E ratio of 48.75, with a forward P/E of 4.87. TPL has a beta of 0.611, indicating lower volatility compared to the market. The stock's 52-week range is between $269.23 and $547.20, with a 50-day moving average of $406.85 and a 200-day moving average of $370.96. The company maintains a strong current ratio of 4.23 and a quick ratio of 4.16, with a debt-to-equity ratio of 1.16.

Recent Earnings

Texas Pacific Land Corporation reported revenue of $839.03 million, reflecting a growth rate of 20.8%. The company achieved a robust net margin of 60.03% and a return on equity of 36.47%. Earnings per share stood at $7.31. The next earnings release is scheduled for August 5, 2026.

Dividend

The company pays an annual dividend rate of $2.40, offering a yield of 0.67%. The dividend payout ratio is 30.18%, which suggests a conservative payout policy.

Analysts Set New Price Targets

On February 23, 2026, Keybanc maintained a 'buy' rating for Texas Pacific Land Corporation, setting a price target of $639. The consensus among analysts is a 'hold' rating, with a mean target price of $445 based on 2 analyst opinions.

About Texas Pacific Land Corporation

Texas Pacific Land Corporation, based in Dallas, Texas, operates within the energy sector, specifically in the oil and gas exploration and production industry. The company engages in land and resource management, offering water services and operations primarily in the Permian Basin. Under the leadership of CEO Tyler Glover, the company manages significant land and royalty interests, providing essential services such as water sourcing and treatment. Founded in 1888, Texas Pacific Land Corporation has a workforce of 114 employees.

Bottom Line

Peter Doyle's purchase of Texas Pacific Land Corporation shares highlights ongoing insider interest in the company. Investors often monitor such transactions as potential indicators of confidence in the company's prospects. While this insider activity is noteworthy, it's important to remember that the data reflects past actions and may not indicate future performance.