Horizon Kinetics asset management, 10% owner, buys $351 in Texas Pacific Land stock

Horizon Kinetics Asset Management LLC, a 10% owner and director of Texas Pacific Land Corp (TPL), made a stock purchase on September 18, 2026, acquiring 1 share at $351.34 per share, totaling $351. The transaction comes as TPL trades at $341.10, with a market capitalization of $23.5 billion and a P/E ratio of 43.67. The stock is currently deemed overvalued according to InvestingPro analysis.

Following the purchase, Horizon Kinetics Asset Management LLC beneficially owns 3,390,850 shares of TPL. In addition to this acquisition, the company reported its second-quarter 2026 earnings, which fell short of expectations, but still achieved record revenue, adjusted EBITDA, and free cash flow. The company has also expanded into various infrastructure projects and extended the employment agreements of its top executives.

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