Horizon Kinetics buys $352 in Texas Pacific Land (TPL) stock

Investing.com reports that Horizon Kinetics Asset Management LLC purchased 1 share of Texas Pacific Land Corp (TPL) common stock on September 23, 2026, at a price of $352.95 per share, totaling $352. The transaction brings the company's beneficial ownership of TPL shares to 3,390,853. TPL's market capitalization stands at $23.33 billion, and the stock is currently valued at $341.10, which InvestingPro analysis suggests is overvalued relative to its Fair Value.

The report highlights TPL's strong financials, with impressive gross profit margins of 93.34% and more cash than debt on its balance sheet.

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