Horizon Kinetics Asset Management LLC, identified as holding a roughly ten percent stake in Texas Pacific Land Corp (NASDAQ: TPL), recorded a purchase of one share of common stock on February 24, 2026. The reported execution price was $520.15; the disclosed total transaction value was listed as $520. Following the acquisition, Horizon Kinetics is reported to directly own 3,479,379 shares of Texas Pacific Land Corp.
The narrow buy by a prominent investor arrives while Texas Pacific Land shares trade close to their 52-week high of $547.20. The stock has shown sharp recent appreciation, posting a 20.7% gain over the past week and an 85.21% increase year-to-date.
Market valuation commentary accompanies the price action. According to InvestingPro analysis cited alongside the transaction, Texas Pacific Land currently appears overvalued versus its Fair Value and is included on a Most Overvalued list. Investors seeking extended research are directed to TPL’s Pro Research Report, which is noted as one of more than 1,400 reports available through InvestingPro.
Recent company financials provide additional context. Texas Pacific Land reported fourth-quarter 2025 earnings per share of $1.79, which missed the consensus forecast of $1.83. Quarterly revenue was reported at $212 million, slightly under the anticipated $214 million. Those results are highlighted as material inputs for shareholders monitoring operating performance.
On the analyst front, KeyBanc raised its price target for Texas Pacific Land shares to $639 from $350 while maintaining an Overweight rating. KeyBanc attributed the higher target in part to developments in power generation and data center opportunities tied to the company’s surface acreage, and it also pointed to strong trends in the company’s water segment. The research note further described rising investor interest, including inquiries from long-only firms, traditional long/short funds, and generalist investors.
Taken together, the tiny additional stake reported by Horizon Kinetics sits alongside robust share-price performance, a recent quarterly earnings miss, and a material upward revision in analyst expectations driven by emerging commercial opportunities on TPL’s land holdings. These items form the immediate factual record available to market participants at this time.