Horizon Kinetics Buys Shares in Texas Pacific Land

Horizon Kinetics Asset Management LLC recently bought shares of Texas Pacific Land Corporation, listed on the NYSE under the ticker TPL. The purchase occurred on June 29, 2026, at an average price of $410.88 per share.

Insider Buying and Selling at Texas Pacific Land Corporation

Horizon Kinetics Asset Management LLC made several purchases of Texas Pacific Land shares in late June 2026. The purchases include shares bought on June 29 at $410.88, June 26 at $397.48, and June 25 at $388.58. These transactions were not part of a pre-planned trading program.

Other Institutional Activity in Texas Pacific Land Corporation

In recent moves, Horizon Kinetics Asset Management LLC reduced its holdings by 318,383 shares, now holding about 10,015,379 shares valued at roughly $4.75 billion. Meanwhile, BlackRock, Inc. trimmed its stake slightly by 757 shares, maintaining 5,952,515 shares worth about $2.82 billion. State Street Corp added 197,953 shares to its portfolio, holding a total of 3,784,957 shares valued at approximately $1.80 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both initiated new positions, with holdings of 3,783,685 and 3,142,852 shares, respectively.

Texas Pacific Land Corporation Stock Up 20.1%

Shares of Texas Pacific Land Corporation traded around $419.98 on Tuesday. The company, with a market capitalization of $27.3 billion, has a P/E ratio of 54.37 and a forward P/E of 5.41. Its beta is 0.611, indicating lower volatility compared to the market. Over the past year, the stock has seen a low of $269.23 and a high of $547.20. The 50-day moving average is $400.30, while the 200-day moving average stands at $373.29.

Analysts Set New Price Targets

On February 23, 2026, Keybanc maintained its buy rating for Texas Pacific Land with a price target of $639. The consensus among analysts suggests 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 oil and gas exploration and production. The company manages land and resource operations, including water services, primarily in the Permian Basin. Headquartered in Dallas, Texas, and led by CEO Tyler Glover, Texas Pacific Land employs 114 people.

Bottom Line

Horizon Kinetics' purchase of Texas Pacific Land shares highlights continued interest in this energy sector player. Investors often track such insider transactions for potential insights, though these filings are backward-looking and may not reflect current positions. Texas Pacific Land remains a notable entity in oil and gas, particularly in the Permian Basin.