Horizon Kinetics Buys Shares of Texas Pacific Land Corporation

Horizon Kinetics Asset Management LLC recently purchased shares of Texas Pacific Land Corporation (NYSE:TPL) at a price of $384.53 each. This transaction took place on June 12, 2026, and is part of a series of small share acquisitions by the fund.

What Changed in Horizon Kinetics' Texas Pacific Land Corporation Position

Horizon Kinetics has been actively trading small amounts of Texas Pacific Land Corporation stock. The recent purchase on June 12 is one of several small acquisitions over the past few days. These transactions are relatively minor in the context of the fund's overall portfolio.

Other Institutional Activity in Texas Pacific Land Corporation

Several other institutional investors have adjusted their positions in Texas Pacific Land Corporation. Horizon Kinetics Asset Management LLC reduced its holdings by 318,383 shares, ending with 10,015,379 shares valued at about $4.75 billion. BlackRock, Inc. trimmed its position by 757 shares, holding 5,952,515 shares worth approximately $2.82 billion. Meanwhile, State Street Corp increased its stake by 197,953 shares, resulting in a total of 3,784,957 shares valued at roughly $1.80 billion.

Texas Pacific Land Corporation Stock Snapshot

Shares of Texas Pacific Land Corporation (NYSE:TPL) traded near $378.91. The company boasts a market capitalization of $26.1 billion and has a P/E ratio of 52.05, with a forward P/E of 5.18. Its beta is 0.611, indicating lower volatility compared to the broader market. The stock has seen a 52-week low of $269.23 and a high of $547.20, with 50-day and 200-day moving averages of $410.33 and $370.41, respectively.

Recent Earnings

Texas Pacific Land Corporation reported revenue of $839.0 million with a growth rate of 20.8%. The company's net margin stands at 60.0%, and it has a return on equity of 36.5%. The next earnings report is expected on August 5, 2026.

Dividend

The company pays an annual dividend rate of $2.40, yielding 0.63%. With a payout ratio of 30.18%, Texas Pacific Land Corporation maintains a sustainable dividend policy.

Insider Buying and Selling at Texas Pacific Land Corporation

Horizon Kinetics Asset Management LLC has been buying small amounts of Texas Pacific Land Corporation shares, acquiring one share on each of several recent days at prices ranging from $370.47 to $402.65. Additionally, on June 8, 2026, CFO Chris Steddum sold 830 shares at an average price of $400.33 as part of a planned transaction.

Analysts Set New Price Targets

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

About Texas Pacific Land Corporation

Texas Pacific Land Corporation, based in Dallas, Texas, operates in the energy sector, focusing on oil and gas exploration and production. It manages land and resources, including oil and gas royalty interests, primarily in the Permian Basin. The company also provides water sourcing, treatment, and disposal services for operators in the region. Founded in 1888, it employs 114 people and is led by CEO Tyler Glover.

Bottom Line

Horizon Kinetics' recent purchase of Texas Pacific Land Corporation shares reflects ongoing interest in the company. With its substantial market cap and involvement in the lucrative Permian Basin, TPL remains a key player in the energy sector. However, as with all 13F filings, these insider transactions are backward-looking and may not represent current positions or future intentions.