Horizon Kinetics Buys More Texas Pacific Land Shares

Horizon Kinetics Asset Management LLC recently bought shares of Texas Pacific Land Corporation (NYSE:TPL). The purchase, made on June 22, 2026, involved a single share priced at $351.33. This transaction was not part of a pre-planned trading program.

Insider Buying and Selling at Texas Pacific Land Corporation

Horizon Kinetics Asset Management LLC has been active in buying shares of Texas Pacific Land Corporation. On June 22, 2026, they purchased one share at $351.33. Earlier, on June 18, they bought another share at $355.47, and on June 17, yet another at $356.60. All these transactions were direct purchases, not planned under Rule 10b5-1. Additionally, on June 15, Peter Doyle bought four shares at $381.95.

Texas Pacific Land Corporation Stock Up 1.5%

Shares of Texas Pacific Land Corporation (NYSE:TPL) traded around $361.11 on Tuesday. The company, with a market cap of about $24.9 billion, has a P/E ratio of 49.6 and a forward P/E of 4.94. It has a beta of 0.611, indicating less 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 $403.08 and a 200-day moving average of $371.38. The company's financial health is strong, with a current ratio of 4.23 and a quick ratio of 4.16.

Analysts Set New Price Targets

On February 23, 2026, Keybanc maintained its buy rating on Texas Pacific Land Corporation, setting a price target of $639. BWS Financial also maintained a buy rating, with a target of $917 as of May 10, 2024. The consensus among analysts is generally positive, with a mean price target of $445 based on two opinions.

About Texas Pacific Land Corporation

Texas Pacific Land Corporation is involved in land and resource management, as well as water services and operations, primarily in the Permian Basin. The company manages surface acres of land and holds significant oil and gas royalty interests. Additionally, it provides water sourcing and treatment services. Founded in 1888, Texas Pacific Land Corporation is headquartered in Dallas, Texas, and led by CEO Tyler Glover. The company employs 114 people.

Bottom Line

Texas Pacific Land Corporation continues to attract institutional interest, as seen with Horizon Kinetics' recent purchases. Investors keep a close eye on such insider activities for potential insights into the company's future prospects. However, it's important to remember that these transactions are backward-looking and may not reflect the current position.