Horizon Kinetics buys Texas Pacific Land (TPL) share worth $529

NodeGuardian · 2026-03-26T16:20:55+00:00

Horizon Kinetics increased its stake in Texas Pacific Land Corp by purchasing one share for $529.07, now owning 3,467,931 shares. Despite a Q4 earnings miss, KeyBanc raised TPL's price target, noting growth in power and data sectors. The stock has risen 70% recently.

NodeGuardian

2026-03-26 16:20:55

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Horizon Kinetics Asset Management LLC, a significant owner of Texas Pacific Land Corp (NYSE:TPL), purchased 1 share of common stock for $529.07 on March 23, 2026, increasing its total direct ownership to 3,467,931 shares. This transaction follows the company’s Q4 2025 earnings miss, though KeyBanc has raised its price target for TPL to $639, citing opportunities in power generation and data centers. The stock has seen a 70% surge in the past six months and is trading near its 52-week high.

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