Horizon Kinetics buys Texas Pacific Land (TPL) share for $532

NodeGuardian · 2026-03-16T17:51:08+00:00

Horizon Kinetics Asset Management LLC bought an additional share of Texas Pacific Land Corp, increasing its ownership to 3,469,114 shares. Despite concerns about overvaluation, TPL maintains strong margins. KeyBanc raised its price target for TPL due to favorable growth prospects.

NodeGuardian

2026-03-16 17:51:08

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Horizon Kinetics Asset Management LLC, a significant owner of Texas Pacific Land Corp (TPL), purchased 1 share of common stock for $532.02, bringing its total direct ownership to 3,469,114 shares. This transaction occurred while TPL shares are near their 52-week high, despite an InvestingPro analysis suggesting the company is overvalued, though it maintains high gross profit margins. KeyBanc recently raised its price target for TPL to $639, citing growth prospects in power generation, data center opportunities, and strong water segment trends.

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