Horizon Kinetics buys Texas Pacific Land (TPL) shares worth $1,785

Horizon Kinetics Asset Management LLC, a ten-percent owner of Texas Pacific Land Corp (NYSE:TPL), has disclosed purchasing shares of the company’s common stock. According to a Form 4 filing with the Securities and Exchange Commission, the firm made two purchases of the $20.4 billion market cap company, which currently trades near its 52-week low. InvestingPro data shows the stock has declined nearly 19% year-to-date.

On October 10, 2025, Horizon Kinetics bought 1 share of Texas Pacific Land Corp at $887.41. Following this, on October 13, 2025, the firm acquired another 1 share at $898.51. The total value of these purchases is $1,785, with prices ranging from $887.41 to $898.51. The company maintains impressive gross profit margins of 94.5% and offers a dividend yield of 0.72%. InvestingPro subscribers can access 12 more key insights about TPL’s financial health and valuation metrics.

Following these transactions, Horizon Kinetics Asset Management LLC directly owns 1,162,542 shares of Texas Pacific Land Corp. The stock currently trades at a P/E ratio of 44.5, reflecting premium market valuation.On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl’s direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares. The extent of HKAM’s pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer.

The transactions were signed off by /s/ Jay Kesslen, attorney-in-fact, on October 14, 2025. Get comprehensive analysis and Fair Value estimates for TPL and 1,400+ other US stocks through detailed Pro Research Reports, available exclusively on InvestingPro.

In other recent news, Texas Pacific Land Corporation reported its Q2 2025 earnings, which fell short of analyst expectations. The company’s earnings per share (EPS) were $5.05, missing the anticipated $5.48, resulting in a 7.85% negative surprise. Revenue also did not meet projections, coming in at $187.54 million compared to the expected $204 million, marking an 8.07% shortfall. In addition to its financial results, Texas Pacific Land announced a dual listing of its common stock on the newly established NYSE Texas exchange. This move will see the company maintain its primary listing on the New York Stock Exchange while also trading on NYSE Texas starting August 15, 2025. Furthermore, board member Eric L. Oliver has decided not to stand for reelection at the company’s 2025 annual meeting of stockholders, though he will continue to serve until then. The company clarified that Mr. Oliver’s decision was not due to any disagreements with the company or its board.

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