Horizon Kinetics buys Texas Pacific Land (TPL) share at $977

Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp (NYSE:TPL), acquired one share of common stock in Texas Pacific Land, according to a Form 4 filing with the Securities and Exchange Commission. The transaction, which occurred on July 29, 2025, involved the purchase of one share at a price of $977.33, totaling $977. TPL, currently valued at $22.6 billion, trades near $981.50, between its 52-week range of $736.75 to $1,769.14.

Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,163,963 shares of Texas Pacific Land Corp. The company maintains impressive 93.5% gross margins and has consistently paid dividends for 12 consecutive years. InvestingPro analysis reveals 13 additional key insights about TPL’s financial health, which rates as "GREAT" based on comprehensive metrics.

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 forecast of $5.27. Revenue for the quarter was $196 million, falling short of the anticipated $228 million. Additionally, Texas Pacific Land received an upgrade from Texas Capital Securities, moving from a Hold to a Buy rating. The firm’s price target for the stock was increased to $1,280.00 from $1,240.00. This upgrade came after meetings between Texas Capital Securities and Texas Pacific Land’s management team, including key executives such as the CEO and CFO. These developments highlight the ongoing interest and analysis from financial firms regarding Texas Pacific Land’s performance and strategic initiatives.

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