Horizon Kinetics buys $352 of Texas Pacific Land Corp common stock

Horizon Kinetics Asset Management LLC, a significant owner and director of Texas Pacific Land Corp (NASDAQ:TPL), recently purchased 1 share of the company's common stock for $352.62. This transaction occurred amidst TPL trading at an elevated P/E ratio and being identified as overvalued by InvestingPro analysis, despite the company's strong balance sheet and expansion into data center, power, and water infrastructure.