Horizon Kinetics buys Texas Pacific Land (TPL) share at $955

Published 07/08/2025, 15:18
Horizon Kinetics buys Texas Pacific Land (TPL) share at $955

Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp (NYSE:TPL), has disclosed purchasing 1 share of the company’s common stock. The company, currently valued at $20.95 billion, maintains impressive gross profit margins of 94.5% and strong financial health according to InvestingPro analysis. The transaction, which occurred on August 6, 2025, involved the acquisition of shares at a price of $955.47, totaling $955. Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,163,969 shares of Texas Pacific Land Corp. The stock has seen a significant decline of 29% over the past six months, though InvestingPro subscribers can access 12 additional key insights about TPL’s valuation and growth prospects.

In other recent news, Texas Pacific Land Corporation reported its first-quarter earnings for 2025, which showed a slight miss on revenue expectations. The company posted earnings per share of $5.24, just below the forecasted $5.27, while revenue came in at $196 million, falling short of the anticipated $228 million. In addition to the earnings report, Texas Pacific Land Trust ’s stock rating was upgraded from Hold to Buy by Texas Capital Securities. This upgrade included an increased price target, raised to $1,280.00 from $1,240.00. The upgrade followed meetings between Texas Capital Securities and Texas Pacific Land’s management team, including key executives. These developments highlight ongoing investor interest and activity surrounding Texas Pacific Land Corporation.

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