Horizon Kinetics buys $345 of Texas Pacific Land (NYSE:TPL)

Investing.com reports that Horizon Kinetics Asset Management LLC, a 10% owner and director of Texas Pacific Land Corp (NYSE:TPL), purchased one share of common stock for $345.1 on August 10, 2026. The stock has since increased to $358.5, although InvestingPro analysis indicates the company is overvalued relative to its Fair Value.

Horizon Kinetics now holds 3,244,006 common shares of TPL, representing a direct pecuniary interest in the company. The firm trades at a P/E ratio of 46 and boasts impressive gross profit margins of 93%. Texas Pacific Land reported its second-quarter 2026 earnings, which fell short of Wall Street expectations, with earnings per share of $2.23 missing the forecast of $2.28.

The company's revenue for the quarter was $246.1 million, below the estimated $255.5 million, despite achieving record quarterly revenue.

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