Horizon Kinetics Increases Stake in Texas Pacific Land Corp
Horizon Kinetics Asset Management adds to its holdings in Texas Pacific Land Corp with recent purchases.
Key Points
- Horizon Kinetics Asset Management LLC bought shares of Texas Pacific Land Corp (TPL) on June 25, 2026, for $388.58 each.
- Shares of TPL traded near $391.04 on Friday, with a market cap of $26.97 billion and a P/E ratio of 53.79.
- Other institutions like BlackRock and State Street Corp also adjusted their holdings in TPL recently.
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Horizon Kinetics Asset Management LLC recently added to its holdings in Texas Pacific Land Corporation (NYSE:TPL) with a purchase on June 25, 2026. The firm acquired one share at a price of $388.58. This transaction was not part of a pre-planned trading program.
Other Institutional Activity in Texas Pacific Land Corporation
Several other institutional investors also made moves 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. BlackRock, Inc. reduced its position slightly by 757 shares, maintaining a total of 5,952,515 shares worth around $2.82 billion. State Street Corp increased its stake by 197,953 shares, holding a total of 3,784,957 shares valued at $1.80 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, acquiring 3,783,685 and 3,142,852 shares, respectively.
Texas Pacific Land Corporation Stock Up 8.6%
On Friday, shares of Texas Pacific Land Corporation (NYSE:TPL) traded near $391.04. The company boasts a market capitalization of about $26.97 billion and a P/E ratio of 53.79. It has a 52-week range between $269.23 and $547.20, with a 50-day moving average of $400.73 and a 200-day moving average of $372.81. The firm maintains a current ratio of 4.23 and a quick ratio of 4.16, with a debt-to-equity ratio of 1.16.
$TPL stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Texas Pacific Land Corporation reported revenue of $839.03 million, with a revenue growth of 20.8%. The company achieved a net margin of 60.03% and a return on equity of 36.47%. Earnings per share stood at $7.27. The next earnings report is anticipated on May 6, 2026.
Dividend
The company pays an annual dividend rate of $2.40, yielding about 0.61%. Its dividend payout ratio is 30.18%.
Insider Buying and Selling at Texas Pacific Land Corporation
Horizon Kinetics Asset Management LLC made several small purchases of Texas Pacific Land Corporation shares in June 2026. On June 25, they bought one share at $388.58. Similar purchases of one share each were made on June 24 at $374.10, June 23 at $370.60, June 22 at $351.33, June 18 at $355.47, and June 17 at $356.60. None of these transactions were part of a pre-arranged plan.
Analysts Set New Price Targets
On February 23, 2026, Keybanc maintained a buy rating on Texas Pacific Land Corporation with a price target of $639. BWS Financial also maintained a buy rating with a target of $917 on May 10, 2024. The consensus target price stands at $445, based on two analyst opinions.
About Texas Pacific Land Corporation
Texas Pacific Land Corporation, headquartered in Dallas, Texas, operates in the energy sector, specifically within the oil and gas exploration and production industry. The company manages land resources and provides water services in the Permian Basin. Led by CEO Tyler Glover, it employs 114 people. Its land and resource management segment deals with surface land management and oil and gas royalty interests, while the water services segment offers comprehensive water solutions to operators in the region.
Bottom Line
Horizon Kinetics Asset Management's recent purchase of Texas Pacific Land Corporation shares reflects ongoing interest in the company. Investors often track such transactions to understand market sentiment, though these filings are backward-looking and may not reflect current positions. With a robust market presence and analyst interest, Texas Pacific Land Corporation remains a company to watch in the energy sector.
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