Radnor Capital Management LLC Sells 300 Shares of Texas Pacific Land Co. (NYSE:TPL)

Radnor Capital Management LLC lowered its holdings in shares of Texas Pacific Land Co. (NYSE:TPL) by 18.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,350 shares of the financial services provider’s stock after selling 300 shares during the period. Radnor Capital Management LLC’s holdings in Texas Pacific Land were worth $1,493,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of TPL. Capital Performance Advisors LLP acquired a new position in Texas Pacific Land during the third quarter worth about $25,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Texas Pacific Land during the 3rd quarter valued at approximately $44,000. Quest Partners LLC acquired a new position in Texas Pacific Land during the 3rd quarter worth approximately $50,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Texas Pacific Land by 21.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 12 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Texas Pacific Land by 16.9% in the third quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock valued at $80,000 after buying an additional 13 shares in the last quarter. 59.94% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Stephanie Buffington sold 210 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $1,388.33, for a total transaction of $291,549.30. Following the completion of the transaction, the chief accounting officer now owns 584 shares of the company’s stock, valued at approximately $810,784.72. This trade represents a 26.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 86 shares of company stock valued at $113,145 in the last 90 days. Corporate insiders own 6.50% of the company’s stock.

Texas Pacific Land Stock Performance

NYSE TPL opened at $1,328.63 on Wednesday. The firm’s fifty day moving average price is $1,320.23 and its two-hundred day moving average price is $1,038.68. The stock has a market cap of $30.53 billion, a PE ratio of 68.17 and a beta of 1.68. Texas Pacific Land Co. has a fifty-two week low of $467.62 and a fifty-two week high of $1,769.14.

Texas Pacific Land Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $1.60 per share. The ex-dividend date was Monday, December 2nd. This represents a $6.40 dividend on an annualized basis and a yield of 0.48%. This is a positive change from Texas Pacific Land’s previous quarterly dividend of $1.17. Texas Pacific Land’s payout ratio is currently 32.84%.

Texas Pacific Land Profile

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company owns a 1/128th nonparticipating perpetual oil and gas royalty interest (NPRI) under approximately 85,000 acres of land; a 1/16th NPRI under approximately 371,000 acres of land; and approximately 4,000 additional net royalty acres, total of approximately 195,000 NRA located in the western part of Texas.