Horizon Kinetics Buys Shares of Texas Pacific Land
Horizon Kinetics Asset Management made a series of small purchases of Texas Pacific Land shares.
Key Points
- Horizon Kinetics Asset Management bought shares of Texas Pacific Land Corporation on June 26, 2026, at $397.48 per share.
- Texas Pacific Land's market cap is approximately $27.3 billion, with a P/E ratio of 54.37 and a 52-week range of $269.23 to $547.20.
- Other institutional investors like State Street Corp increased their holdings, while BlackRock, Inc. slightly reduced its position.
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Horizon Kinetics Asset Management LLC bought a share of Texas Pacific Land Corporation (NYSE:TPL) on June 26, 2026, at a price of $397.48. This transaction is part of a series of small purchases by the firm over several days.
What Changed in Horizon Kinetics' Texas Pacific Land Position
Horizon Kinetics Asset Management made several small purchases of Texas Pacific Land shares in June 2026. These transactions were not part of a pre-planned trading program, indicating a strategic decision to acquire shares at that time.
Other Institutional Activity in Texas Pacific Land
Institutional investors showed varied interest in Texas Pacific Land. Horizon Kinetics Asset Management LLC itself slightly reduced its overall holdings by 318,383 shares, ending with approximately 10,015,379 shares valued at $4.75 billion. BlackRock, Inc. also trimmed its stake by 757 shares, maintaining about 5,952,515 shares worth $2.82 billion. In contrast, State Street Corp increased its holdings by 197,953 shares, totaling 3,784,957 shares valued at $1.8 billion. Meanwhile, Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, each acquiring over 3 million shares.
Texas Pacific Land Corporation Stock Up 15.3%
Shares of Texas Pacific Land Corporation traded near $395.79 on Monday. The company has a market capitalization of about $27.3 billion and a P/E ratio of 54.37, suggesting it is valued at a premium compared to its earnings. The stock's 52-week range spans from $269.23 to $547.20, with a 50-day moving average of $400.30 and a 200-day moving average of $373.29. The company's beta of 0.611 indicates lower volatility compared to the market.
$TPL stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Texas Pacific Land reported revenues of $839 million, with 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 scheduled for August 5, 2026.
Dividend
Texas Pacific Land pays an annual dividend of $2.40 per share, yielding 0.61%. The payout ratio stands at 30.18%, indicating a conservative approach to dividend distribution.
Insider Buying and Selling at Texas Pacific Land Corporation
Horizon Kinetics Asset Management LLC has been actively buying small quantities of Texas Pacific Land shares throughout June 2026. Purchases were made on various dates, with prices ranging from $351.33 to $397.48 per share. These transactions were not part of a pre-arranged trading plan.
Analysts Set New Price Targets
On February 23, 2026, Keybanc maintained a "buy" rating on Texas Pacific Land, setting a price target of $639. The stock has a mean target price of $445, based on two analyst opinions.
About Texas Pacific Land Corporation
Texas Pacific Land Corporation, headquartered in Dallas, Texas, is involved in land and resource management as well as water services in the Permian Basin. The company, led by CEO Tyler Glover, manages a significant amount of land and oil and gas royalty interests. It also provides water sourcing and disposal solutions to operators in the region. Founded in 1888, the company employs 114 people.
Bottom Line
Horizon Kinetics' recent purchases of Texas Pacific Land shares highlight ongoing interest in the company's prospects. With a strong market position and a diverse portfolio in land and water services, Texas Pacific Land remains a key player in the energy sector. Investors should note that insider transactions are part of the company's periodic filings and may not reflect current positions.
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