Horizon Kinetics Asset Management LLC has reported a recent acquisition of shares in Texas Pacific Land Corp (NYSE:TPL), according to a Form 4 filing with the SEC.
On May 14, 2026, the firm purchased 1 share of common stock at $385.21, totaling $385.
Horizon Kinetics is a ten percent owner of TPL. After the purchase, it directly holds 3,395,612 shares.
TPL trades at a P/E ratio of 53.28 with a market cap of $26.81 billion. Bond.az analysis suggests the stock is overvalued. The company has more cash than debt and gross profit margins of 93%.
On May 7, 2026, Horizon Kinetics filed an amendment to its Schedule 13D, reporting beneficial ownership of 10,109,933 shares.
In other news, Texas Pacific Land Corp reported strong Q1 2026 results with EPS of $2.07 (beat $1.95 estimate) and revenue of $236.8 million (versus $235.5 million expected).
