Horizon Kinetics Buys Shares of Texas Pacific Land
Horizon Kinetics Asset Management purchased shares of Texas Pacific Land on June 24, 2026.
Key Points
- Horizon Kinetics Asset Management bought shares of Texas Pacific Land on June 24, 2026.
- Texas Pacific Land (TPL) traded near $377.56 on Thursday with a market cap of $24.9 billion and a P/E ratio of 49.6.
- Analysts have set new price targets for TPL, with Keybanc maintaining a buy rating and a $639 target.
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Horizon Kinetics Asset Management LLC added to its holdings of Texas Pacific Land Corporation (NYSE:TPL) by purchasing shares on June 24, 2026. The stock traded near $377.56 on Thursday.
Insider Buying and Selling at Texas Pacific Land Corporation
Horizon Kinetics Asset Management LLC acquired a single share of Texas Pacific Land on June 24, 2026, at an average price of $374.10. This purchase was not part of a pre-planned trading program. In the days leading up to this, the firm also bought small quantities of shares at varying prices, including $370.60 on June 23 and $351.33 on June 22.
Texas Pacific Land Corporation Stock Up 7.3%
Shares of Texas Pacific Land (NYSE:TPL) traded near $377.56 on Thursday. The company has a market cap of approximately $24.9 billion and a P/E ratio of 49.6. Its forward P/E stands at a much lower 4.9, indicating potential future earnings growth. The stock's 52-week range spans from $269.23 to $547.20, with a 50-day moving average of $403.08 and a 200-day moving average of $371.38. Texas Pacific Land maintains a solid financial position with a current ratio of 4.23 and a debt-to-equity ratio of 1.16.
$TPL stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On February 23, 2026, Keybanc maintained a buy rating on Texas Pacific Land with a price target of $639. The stock holds a consensus rating of buy, with an average target price of $445 among two analyst opinions.
About Texas Pacific Land Corporation
Texas Pacific Land Corporation, headquartered in Dallas, Texas, operates in the energy sector, specifically focusing on oil and gas exploration and production. It manages land and resources, including oil and gas royalty interests in the Permian Basin. The company also provides water services, such as water sourcing and treatment, to operators in the region. Founded in 1888, Texas Pacific Land is led by CEO Tyler Glover and employs 114 people.
Bottom Line
Texas Pacific Land Corporation continues to attract interest from institutional investors like Horizon Kinetics Asset Management. The company's robust land and resource management operations in the Permian Basin make it a significant player in the energy sector. Investors will be watching its next earnings report on August 5, 2026, for further insights into its financial performance.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.