Horizon Kinetics Adds to Texas Pacific Land Holdings

Horizon Kinetics Asset Management LLC has been actively buying shares of Texas Pacific Land Corporation (NYSE:TPL). On June 30, 2026, the firm purchased shares at $435.74 each. This is part of a series of buys by Horizon Kinetics, which also acquired shares on several other dates in late June at varying prices.

Other Institutional Activity in Texas Pacific Land

Vanguard Capital Management LLC opened a new position in Texas Pacific Land, acquiring 3,783,685 shares valued at about $1.80 billion. Similarly, Vanguard Portfolio Management LLC also initiated a stake with 3,142,852 shares worth approximately $1.49 billion. Meanwhile, Horizon Kinetics Asset Management LLC reduced its holdings by 318,383 shares, maintaining a total of 10,015,379 shares valued at $4.75 billion. State Street Corp increased its position by 197,953 shares to a total of 3,784,957 shares worth about $1.80 billion. In contrast, Geode Capital Management, LLC trimmed its stake by 125,711 shares, holding 1,633,396 shares valued at $772.37 million.

Texas Pacific Land Corporation Stock Up 20.1%

Shares of Texas Pacific Land Corporation traded near $437.64 on Wednesday. The company, with a market capitalization of $30.19 billion, has a P/E ratio of 59.87 and a forward P/E of 5.99. Its beta is 0.611, indicating lower volatility compared to the market. The stock's 52-week range is between $269.23 and $547.20, with a 50-day moving average of $400.18 and a 200-day moving average of $373.83. It has a strong current ratio of 4.23 and a quick ratio of 4.16, alongside a debt-to-equity ratio of 1.16.

Recent Earnings

Texas Pacific Land Corporation reported revenue of $839.03 million, reflecting a growth rate of 20.8%. The company posted an EPS of $7.31, a net margin of 60.03%, and a return on equity of 36.47%. The next earnings release is expected on August 5, 2026.

Dividend

The company offers a dividend rate of $2.40 per share, yielding 0.55% with a payout ratio of 30.18%.

Insider Buying and Selling at Texas Pacific Land Corporation

Horizon Kinetics Asset Management LLC made several small insider purchases of Texas Pacific Land shares in late June 2026. The firm bought shares at prices ranging from $370.60 to $435.74 without any of these transactions being pre-planned under Rule 10b5-1.

Analysts Set New Price Targets

Keybanc maintained its 'buy' rating on Texas Pacific Land with a price target of $639 on February 23, 2026. The consensus among analysts is a 'buy' rating, with an average target price of $445, based on two analyst opinions.

About Texas Pacific Land Corporation

Texas Pacific Land Corporation is an energy company based in Dallas, Texas. It operates in the oil and gas exploration and production industry, managing land and resource operations primarily in the Permian Basin. The company oversees surface land, oil and gas royalties, and provides water services. With a history dating back to 1888, Texas Pacific Land Corporation is led by CEO Tyler Glover and employs 114 people.

Bottom Line

Horizon Kinetics' recent purchases of Texas Pacific Land shares indicate ongoing interest in the company's potential. With a strong market position and robust financial metrics, Texas Pacific Land remains a company to watch. As always, remember that insider transactions are reported after the fact and may not reflect current positions.