HKAM Continues Daily Buying Streak at Texas Pacific Land, Building a Long‑Term Position Amid Stock Slump

Insider Buying Continues at Texas Pacific Land Corp.

Over the past week Horizon Kinetics Asset Management (HKAM) has added a single block of common stock to its portfolio, purchasing 1,000 shares on February 3 for $337.01 per share—just 0.03 % below the closing price of $345.80. The trade is part of an extended buying streak that has seen HKAM acquire a new share every day since early January, with a total holding that has grown from roughly 3.46 million shares in mid‑January to 3.48 million today. The daily purchases, all at modest premium levels, suggest the fund is building a long‑term position rather than engaging in short‑term speculation.

What Does This Mean for Investors?

The timing of HKAM’s purchases comes as Texas Pacific Land’s stock has slipped 3.15 % in the last week, after a 15.48 % monthly rally that has yet to break through its 52‑week low of $269.23. The company’s P/E ratio of 49.4 and a market cap of $23.6 billion signal a valuation at the higher end of the energy sector. While the fund’s incremental buys do not immediately alter the share count, they reinforce confidence in a steady, dividend‑driven business model that relies on land sales, oil and gas royalties, and grazing leases. For investors, the trend hints at a potential rebound if the firm can sustain its revenue growth and improve earnings as analysts expect modest upside for the upcoming quarter.

Horizon Kinetics: A Pattern of Persistent Accumulation

HKAM’s trading history reveals a disciplined, patient accumulation strategy. From December 18, 2025, when the fund purchased a large block of 1.16 million shares at $902.41, to February 3, 2026, the fund has steadily added roughly 1 k shares daily at prices ranging from $286 to $356. The average cost per share over this period sits in the mid‑$300s, well below the current market level, giving HKAM a favorable entry point. The fund’s activity has been consistent across market cycles, suggesting a long‑term view that is less reactive to short‑term volatility. Its accumulation pattern also indicates confidence in Texas Pacific’s asset base and the broader energy market, positioning HKAM as a potential catalyst for future shareholder value.

Conclusion

The latest insider purchase by Horizon Kinetics Asset Management, though modest in size, is a continuation of a clear, long‑term building strategy. For shareholders, it signals that institutional investors remain optimistic about Texas Pacific Land Corp.’s ability to generate stable cash flows from its diversified land and energy assets. As the company heads into its next earnings report, the sustained buying pressure from HKAM and other institutional players may provide a stabilizing influence on the stock, potentially easing the current downward momentum and paving the way for a gradual recovery in valuation.