Insider Buying Fuels Optimism as Texas Pacific Land Surges Toward $518‑High—HKAM Adds Share Amid Strategic Pivot to Data‑Center & Desalination ?

Insider Buying Sparks Optimism in Texas Pacific Land Corp.

The latest form 4 filing shows Horizon Kinetics Asset Management LLC (HKAM) adding one more share to its position in Texas Pacific Land Corp., buying at $515.40—the day‑to‑day price is $515.43. HKAM’s cumulative ownership now sits at 3,479,377 shares, a 1‑share increase that, while technically modest, is part of a broader buying trend that began in early January and has accelerated into February.

Buying Momentum Amid a Resurgent Share Price The company’s share price has surged 19.69 % in the past week and 47.61 % over the last month, a clear sign of renewed investor interest. The 52‑week high of $518.79 was reached only a few days ago, and the current price is only 0.03 % below that peak. HKAM’s purchases—most recently at $469.18, $435.13, and $426.38—have taken place as the stock rallies, indicating a “buy‑the‑dip” strategy that capitalizes on short‑term volatility while maintaining a long‑term view.

What Investors Should Take Away

1. Confidence in the Pivot – Texas Pacific’s shift from land royalties to data‑center, desalination, and infrastructure services is gaining traction. Insider buying suggests that those with inside knowledge see tangible upside in the new model.
2. Potential for Volatility – The 52‑week low of $269.23 and the high price‑earnings ratio of 69.81 imply that the stock is still a speculative play. Investors should be prepared for swings as the company’s earnings materialize.
3. Strategic Partnerships – The company’s recent partnership announcements and its extensive Permian land holdings could unlock new revenue streams. Insider activity often precedes such deals, hinting that further announcements may be on the horizon.

Horizon Kinetics Asset Management Profile HKAM has been an active participant in Texas Pacific’s trading window since late January, steadily adding shares in a pattern that shows disciplined, incremental accumulation rather than large, single‑shot purchases. Historically, HKAM’s trades have averaged $330–$470 per share, reflecting a willingness to pay a premium in a rallying market. The firm’s approach—buying on a rolling basis—suggests a long‑term stake and a belief that the company’s fundamentals are strengthening.

Implications for the Future With the company’s market cap hovering around $34.5 billion and a high price‑to‑earnings ratio, the next few months will test whether Texas Pacific can deliver on its new strategic initiatives. Insider buying, coupled with a strong social‑media buzz of 429 % and a sentiment score of +65, signals that the narrative is gaining traction among retail and professional investors alike. If the company continues to execute its expansion into data‑center and desalination services, the shares could experience further upside, validating the insider confidence expressed by HKAM and other directors.