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

Radnor Capital Management LLC reduced its stake in Texas Pacific Land Co. (NYSE:TPL) by 18.2% during the fourth quarter, Holdings Channel.com reports. The fund 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 at the end of the most recent quarter.

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

Insider Buying and Selling at Texas Pacific Land

In other news, CAO Stephanie Buffington sold 210 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 584 shares in the company, valued at approximately $810,784.72. This represents a 26.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have acquired 86 shares of company stock valued at $113,145. 6.50% of the stock is currently owned by company insiders.

Texas Pacific Land Trading Up 2.2 %

Shares of Texas Pacific Land stock opened at $1,328.63 on Wednesday. The business has a 50-day moving average price of $1,320.23 and a two-hundred day moving average price of $1,038.68. Texas Pacific Land Co. has a 1-year low of $467.62 and a 1-year high of $1,769.14. The company has a market cap of $30.53 billion, a P/E ratio of 68.17 and a beta of 1.68.

Texas Pacific Land Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $1.60 dividend. This is an increase from Texas Pacific Land’s previous quarterly dividend of $1.17. This represents a $6.40 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Monday, December 2nd. Texas Pacific Land’s payout ratio is presently 32.84%.

Texas Pacific Land Company 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.