Horizon Kinetics Adds to Texas Pacific Land Corp Holdings

Horizon Kinetics Asset Management LLC recently bought a share of Texas Pacific Land Corporation, listed on the NYSE under the ticker TPL, at a price of $355.47. This transaction was completed on June 18, 2026, and reflects Horizon Kinetics' ongoing interest in the company.

Insider Buying and Selling at Texas Pacific Land Corporation

Horizon Kinetics Asset Management has been active with Texas Pacific Land Corporation, purchasing shares on multiple occasions in June 2026. On June 18, they bought a share at $355.47. Earlier purchases included shares at $356.60 on June 17 and $356.31 on June 16. Notably, Peter Doyle also bought four shares at $381.95 on June 15.

Other Institutional Activity in Texas Pacific Land Corporation

Several other institutional investors have also made changes to their holdings in Texas Pacific Land Corporation. BlackRock, Inc. slightly reduced its position by 757 shares, maintaining about 5,952,515 shares worth approximately $2.82 billion. State Street Corp increased its holdings by 197,953 shares, ending with 3,784,957 shares valued at around $1.80 billion. Vanguard Capital Management LLC opened a new position with 3,783,685 shares worth about $1.80 billion, while Geode Capital Management, LLC trimmed its stake by 125,711 shares, holding a total of 1,633,396 shares valued at approximately $772.37 million.

Texas Pacific Land Corporation Stock Down 0.9%

Shares of NYSE:TPL traded near $355.11 on Monday. Texas Pacific Land Corporation has a market capitalization of about $24.49 billion and a P/E ratio of 48.78. The company's stock has seen a 52-week range from $269.23 to $547.20, with a 50-day moving average of $403.08 and a 200-day moving average of $371.38. The company boasts a healthy current ratio of 4.23 and a quick ratio of 4.16, with a debt-to-equity ratio of 1.16.

Recent Earnings

In its most recent earnings report, Texas Pacific Land Corporation reported revenue of $839.03 million, reflecting a growth rate of 20.8%. The company achieved a net margin of 60.03% and a return on equity of 36.47%. Its next earnings release is expected on August 5, 2026.

Dividend

Texas Pacific Land Corporation offers an annual dividend rate of $2.40, yielding 0.68%. The dividend payout ratio is 30.18%.

Analysts Set New Price Targets

On February 23, 2026, Keybanc maintained its buy rating on Texas Pacific Land Corporation with a price target of $639.00. The stock has a consensus target mean price of $445.00 based on two analyst opinions.

About Texas Pacific Land Corporation

Texas Pacific Land Corporation operates in the energy sector, focusing on land and resource management, as well as water services in the Permian Basin. Based in Dallas, Texas, and led by CEO Tyler Glover, the company manages a significant number of surface acres and oil and gas royalty interests. It also provides comprehensive water services to operators in the region.

Bottom Line

Horizon Kinetics Asset Management's recent purchase of Texas Pacific Land Corporation shares highlights ongoing interest in the company. Texas Pacific Land Corporation remains a significant player in the energy sector with strong financials and a robust market presence. As always, remember that 13F filings are backward-looking and may not reflect current positions.