Horizon Kinetics Buys Shares of Texas Pacific Land

Horizon Kinetics Asset Management LLC has been actively buying shares of Texas Pacific Land Corporation (NYSE:TPL). On June 23, 2026, the asset management firm purchased shares at a price of $370.6 each. This activity is part of a broader trend of insider transactions involving the company.

Insider Buying and Selling at Texas Pacific Land Corporation

Horizon Kinetics has made several purchases of Texas Pacific Land shares recently. These include buys on June 22 for $351.33, June 18 for $355.47, June 17 for $356.6, and June 16 for $356.31. Additionally, Peter Doyle bought four shares at $381.95 on June 15, 2026. These transactions were not made under a pre-planned arrangement, indicating a direct interest in the stock.

Other Institutional Activity in Texas Pacific Land Corporation

Several institutional investors have adjusted their holdings in Texas Pacific Land. Horizon Kinetics Asset Management LLC reduced its holdings by 318,383 shares, now holding 10,015,379 shares valued at about $4.75 billion, a decrease of 3.1%. BlackRock, Inc. also trimmed its position slightly by 757 shares, maintaining 5,952,515 shares worth approximately $2.82 billion. In contrast, State Street Corp increased its stake by 197,953 shares, a 5.5% rise, bringing its total to 3,784,957 shares valued at about $1.8 billion. Meanwhile, Vanguard Capital Management LLC and Vanguard Portfolio Management LLC opened new positions with 3,783,685 and 3,142,852 shares, respectively.

Texas Pacific Land Corporation Stock Up 3.6%

Shares of Texas Pacific Land Corporation traded near $369.9 on Wednesday. The company has a market cap of approximately $24.9 billion, with a P/E ratio of 49.6 and a forward P/E of 4.9, indicating strong future earnings expectations. The stock's beta is 0.611, suggesting lower volatility compared to the market. Over the past year, the stock has ranged from a low of $269.23 to a high of $547.2, with a 50-day moving average of $403.08 and a 200-day moving average of $371.38.

Recent Earnings

Texas Pacific Land Corporation reported revenue of $839 million, reflecting a growth rate of 20.8%. The company's earnings per share (EPS) stood at $7.28, with a net margin of 60% and a return on equity (ROE) of 36.5%. The next earnings report is expected on August 5, 2026.

Dividend

The company pays an annual dividend rate of $2.40, yielding 0.66% with a payout ratio of 30.18%.

Analysts Set New Price Targets

On February 23, 2026, Keybanc maintained its buy rating on Texas Pacific Land with a price target of $639. The consensus among analysts is a buy recommendation, with a mean target price of $445 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 and water services. It manages extensive land and oil and gas royalties in the Permian Basin. The company also provides water sourcing and treatment services and holds significant royalty interests. Founded in 1888, Texas Pacific is headquartered in Dallas, Texas, and led by CEO Mr. Tyler Glover.

Bottom Line

Horizon Kinetics' recent purchases of Texas Pacific Land shares highlight ongoing interest in the company. With a robust financial profile and active insider buying, Texas Pacific remains a company to watch. However, remember that insider activity and institutional filings are backward-looking and may not reflect current positions.