Horizon Kinetics Asset Management LLC, identified as a ten percent owner of Texas Pacific Land Corp (NYSE: TPL), reported a purchase of one share of the company's common stock on February 17, 2026. The reported purchase price was $425.55, with the total recorded value of the transaction listed as $425.
At the time of the reported transaction, Texas Pacific Land's shares were trading at $430.80, slightly above the price Horizon Kinetics paid for the single share. According to data cited from InvestingPro, the company's relative strength index, or RSI, puts the stock in overbought territory and the same data indicates the stock appears overvalued relative to its Fair Value.
Following the acquisition, Horizon Kinetics directly holds 3,479,374 shares of Texas Pacific Land. The company itself reports strong operating metrics, including gross profit margins of 94.13%, and a market capitalization of $29.86 billion. Texas Pacific Land has paid dividends for 12 consecutive years and currently yields 0.5%.
InvestingPro is noted as providing additional resources on the company, including 15 supplemental ProTips and a full Pro Research Report on TPL among its coverage of more than 1,400 U.S. equities.
In separate corporate developments, Texas Pacific Land announced a strategic partnership with Bolt Data & Energy to pursue development of large-scale data center campuses on land it controls. Bolt, which was co-founded by former Google CEO Eric Schmidt, has raised $150 million in funding. Under the arrangement, Texas Pacific Land is investing $50 million and will receive an equity stake and warrants, along with a right of first refusal to supply water to projects affiliated with Bolt.
The company has also set terms for a stock split: a three-for-one split to take effect on December 22, 2025, with a record date of December 12, and split-adjusted trading scheduled to begin on December 23.
Analyst activity around Texas Pacific Land has followed these strategic moves. Texas Capital Securities has reiterated a Buy rating with a $390 price target after the data-center development reports concerning the company's West Texas property. KeyBanc initiated coverage with an Overweight rating and a $1,050 price target, highlighting the company's revenue streams from oil, natural gas, and water royalties.
These items together - the reported insider purchase, the strategic partnership and the stock split, alongside analyst coverage - form the latest publicly disclosed developments for Texas Pacific Land.