{
  "id": 15569315,
  "title": "10% owner Horizon Kinetics buys Texas Pacific Land stock for $1,363",
  "url": "https://urgent.news/2026/10/19/10-owner-horizon-kinetics-buys-texas-pacific-land-stock-for-1-363",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T06:16:12.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/10-owner-horizon-kinetics-buys-texas-pacific-land-stock-for-1363-93CH-4956412"
  },
  "original_language": "en",
  "account": null,
  "summary": "Horizon Kinetics Asset Management LLC, a 10% owner and director of Texas Pacific Land Corp (NYSE:TPL), recently purchased 4 shares of the company's common stock on September 29, 2026, at a price of $340.96 per share, totaling $1,363. This brings their direct holdings to 3,364,203 shares, with a current market capitalization of $24.2 billion. The firm had previously reported beneficial ownership of 10,109,933 shares, with a recent reduction of 26,657 shares due to an in-kind redemption. Texas Pacific Land Corp maintains impressive gross profit margins of 93% and holds more cash than debt on its balance sheet, but the stock is currently overvalued based on InvestingPro’s Fair Value assessment, trading at a P/E ratio of 44.3.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}