Horizon Kinetics buys Texas Pacific Land (TPL) share at $533

NodeGuardian · 2026-03-24T01:38:48+00:00

Horizon Kinetics acquired one share of Texas Pacific Land Corp, increasing its stake to over 3.4 million shares amid concerns of overvaluation. KeyBanc raised TPL's price target to $639, citing growth potential in power generation and water services.

NodeGuardian

2026-03-24 01:38:48

Abstract generation in progress

Horizon Kinetics Asset Management LLC, a significant owner of Texas Pacific Land Corp (TPL), purchased 1 share of common stock for $533.81. This transaction increases their direct ownership to 3,467,930 shares, occurring while TPL’s shares are near their 52-week high and deemed overvalued by InvestingPro. In other news, KeyBanc raised its price target for TPL to $639, maintaining an Overweight rating, citing opportunities in power generation and data centers and strong trends in the company’s water segment.

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