Horizon Kinetics Asset Management LLC, which holds roughly 10% of Texas Pacific Land Corp, purchased a single share of the companys common stock on March 9, 2026, the firm disclosed in a Form 4 filing with the Securities and Exchange Commission. The share was acquired at $527.22, producing a transaction value shown as $527 on the filing.
The small purchase occurred while Texas Pacific Land (NYSE: TPL) was trading near its 52-week high and had delivered an 88% year-to-date return. InvestingPros analysis cited in the filing places the stock on its Most Overvalued list, noting a price-to-earnings ratio of 75.62 at current price levels.
Following the reported trade, Horizon Kinetics is listed as directly owning 3,469,111 shares of Texas Pacific Land Corp. The InvestingPro service is also referenced as offering 19 additional exclusive tips about TPLs financial health and market position for subscribers seeking more in-depth data.
In corporate results disclosed for the fourth quarter of 2025, Texas Pacific Land reported earnings per share of $1.79, below the $1.83 that had been forecast. Quarterly revenue came in at $212 million, falling short of the $214 million expectation.
Separately, KeyBanc adjusted its outlook for Texas Pacific Land by raising its price target to $639 from $350 while maintaining an Overweight rating. The research note attributed the change to notable developments in power generation and data center opportunities tied to the companys surface acreage, and it also highlighted favorable trends in the firms water segment.
KeyBancs update additionally noted growing investor interest, with inquiries coming from a range of registered investment funds and generalist investors. Those developments have prompted clients to request further information about Texas Pacific Lands various business segments.
All filings and figures referenced above were noted in the company and analyst disclosures cited in the Form 4 filing and related materials.