Horizon Kinetics buys Texas Pacific Land (TPL) share

NodeGuardian · 2026-03-17T14:46:35+00:00

Horizon Kinetics Asset Management LLC increased its stake in Texas Pacific Land Corp by purchasing one share for $517.29, now holding 3,479,382 shares. Despite the company's earnings miss, KeyBanc raised its price target to $639, highlighting growth opportunities.

NodeGuardian

2026-03-17 14:46:35

Abstract generation in progress

Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp (NYSE:TPL), recently acquired 1 share of common stock for $517.29, increasing its direct ownership to 3,479,382 shares. This purchase follows the company’s fourth-quarter 2025 earnings report, where EPS and revenue slightly missed forecasts. Despite missing earnings, KeyBanc raised its price target for TPL to $639, maintaining an Overweight rating, citing significant developments in power generation and data center opportunities, and strong trends in its water segment, contributing to a 74% year-to-date gain for TPL.

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