Horizon Kinetics Buys Texas Pacific Land
Analysis based on 8 articles · First reported Apr 01, 2026 · Last updated Apr 16, 2026
The consistent share purchases by Horizon Kinetics Asset Management in Texas Pacific Land Corporation, despite mixed earnings and the death of a key board member, signal investor confidence. KeyCorp — KeyBank' raised price target further boosts positive sentiment for Texas Pacific Land Corporation, driven by its land development opportunities.
Horizon Kinetics Asset Management LLC, a major shareholder of Texas Pacific Land Corporation, has made multiple purchases of Texas Pacific Land Corporation common stock throughout late March and April 2026. These transactions occurred at varying prices, with Horizon Kinetics Asset Management LLC increasing its direct ownership. The purchases come amidst a period of fluctuation for Texas Pacific Land Corporation's stock, which has seen recent declines but remains significantly up year-to-date. Texas Pacific Land Corporation also reported its Q4 2025 earnings, which fell slightly short of analyst expectations for both earnings per share and revenue. In other significant news, Texas Pacific Land Corporation announced the death of board member Murray Stahl, who was also the CEO of Horizon Kinetics Asset Management. Following this, Steven Bregman and Peter Doyle assumed co-CEO roles at Horizon Kinetics Asset Management. Despite these developments, KeyCorp — KeyBank reiterated an Overweight rating on Texas Pacific Land Corporation and significantly raised its price target, citing strong opportunities in power generation, data centers, and its water segment, which has attracted increased investor interest.
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