Horizon Kinetics Adds to Texas Pacific Land Corporation Holdings
Horizon Kinetics Asset Management LLC bought shares of Texas Pacific Land Corporation, reflecting continued interest.
Key Points
- Horizon Kinetics Asset Management LLC bought shares of Texas Pacific Land Corporation on June 17, 2026, at $356.60 each.
- Texas Pacific Land Corporation, traded under NYSE:TPL, has a market cap of $24.45 billion and a P/E ratio of 48.49.
- Keybanc maintained a 'buy' rating for TPL with a price target of $639, reflecting ongoing analyst interest.
On June 17, 2026, Horizon Kinetics Asset Management LLC purchased additional shares of Texas Pacific Land Corporation (NYSE:TPL) at a price of $356.60 each. This move highlights Horizon Kinetics' continued interest in the company.
What Changed in Horizon Kinetics' Texas Pacific Land Corporation Position
Horizon Kinetics added to its position in Texas Pacific Land Corporation, acquiring shares at $356.60 each. While the exact number of new shares wasn't large, it shows ongoing engagement with the stock.
Other Institutional Activity in Texas Pacific Land Corporation
Among other institutional investors, Horizon Kinetics Asset Management LLC's total holdings in Texas Pacific Land Corporation stand at 10,015,379 shares, valued at approximately $4.75 billion after a reduction of 318,383 shares. BlackRock, Inc. trimmed its position slightly by 757 shares, maintaining 5,952,515 shares worth about $2.82 billion. State Street Corp increased its stake with an additional 197,953 shares, bringing its total to 3,784,957 shares valued at $1.80 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC each hold over 3 million shares, valued at around $1.79 billion and $1.49 billion, respectively.
Texas Pacific Land Corporation Stock Snapshot
Shares of Texas Pacific Land Corporation (NYSE:TPL) traded at around $354.48. The company, with a market cap of $24.45 billion, has a P/E ratio of 48.49 and a forward P/E of 4.85. Its stock has seen a 52-week low of $269.23 and a high of $547.20. The company maintains a current ratio of 4.23 and a quick ratio of 4.16, with a debt-to-equity ratio of 1.16.
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 $7.31. The next earnings report is scheduled for August 5, 2026.
Dividend
Texas Pacific Land Corporation pays an annual dividend of $2.40 per share, yielding 0.67%. The payout ratio is 30.18%.
Insider Buying and Selling at Texas Pacific Land Corporation
In addition to the purchase on June 17, Horizon Kinetics Asset Management LLC made several small buys earlier in June 2026, including transactions on June 16 and June 15. Peter Doyle also acquired four shares at $381.95 on June 15. None of these transactions were part of a pre-arranged trading plan.
Analysts Set New Price Targets
On February 23, 2026, Keybanc maintained its 'buy' rating on Texas Pacific Land Corporation, setting a price target of $639. The consensus among analysts is a 'hold' rating, with a mean target price of $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 and resource operations, focusing on the Permian Basin. Its Water Services segment provides water sourcing and treatment solutions. Led by CEO Tyler Glover, the company employs 114 people.
Bottom Line
Horizon Kinetics' recent buying activity in Texas Pacific Land Corporation underscores its interest in the energy sector. While the purchases are modest, they reflect the firm's ongoing strategy. Investors often track such filings for insights, though it's important to remember 13F filings are historical and may not reflect current positions.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.