Horizon Kinetics buys Texas Pacific Land (TPL) share at $889

Published 15/08/2025, 17:24
Horizon Kinetics buys Texas Pacific Land (TPL) share at $889

Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp (NYSE:TPL), reported purchasing 1 share of common stock on August 14, 2025, at a price of $889.04, for a total transaction value of $889. The purchase comes as TPL maintains impressive financial health, with a 94.5% gross profit margin and a 12-year track record of consistent dividend payments. According to InvestingPro analysis, the stock appears overvalued at current levels, trading at a P/E ratio of ~45.

Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,163,975 shares of Texas Pacific Land Corp. The stock has experienced significant volatility, declining over 33% in the past six months. InvestingPro subscribers can access 12 additional key insights and a comprehensive Pro Research Report, offering deeper analysis of TPL’s valuation and growth prospects.

In other recent news, Texas Pacific Land Corporation reported its Q2 2025 earnings, which did not meet expectations. The company announced earnings per share of $5.05, falling short of the anticipated $5.48, resulting in a 7.85% negative surprise. Revenue also missed forecasts, coming in at $187.54 million compared to the expected $204 million, an 8.07% shortfall. Additionally, Texas Pacific Land Corporation revealed plans for a dual listing of its common stock on the new NYSE Texas, a fully electronic equities exchange based in Dallas. The company will maintain its primary listing on the New York Stock Exchange while joining NYSE Texas as a Founding Member. Trading on NYSE Texas is set to begin on August 15, 2025, under the same ticker symbol. These developments provide investors with important insights into the company’s recent activities and financial performance.

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