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

Radnor Capital Management LLC reduced its holdings in Texas Pacific Land Co. (NYSE:TPL - Free Report) by 18.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,350 shares of the financial services provider's stock after selling 300 shares during the quarter. Radnor Capital Management LLC's holdings in Texas Pacific Land were worth $1,493,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in TPL. Thurston Springer Miller Herd & Titak Inc. lifted its position 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 worth $76,000 after purchasing an additional 12 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Texas Pacific Land by 26.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 474 shares of the financial services provider's stock worth $524,000 after acquiring an additional 100 shares during the period. Crestmont Private Wealth LLC acquired a new stake in shares of Texas Pacific Land during the 4th quarter valued at about $206,000. Miracle Mile Advisors LLC bought a new stake in Texas Pacific Land in the fourth quarter valued at about $8,545,000. Finally, Wedmont Private Capital raised its position in Texas Pacific Land by 16.8% in the fourth quarter. Wedmont Private Capital now owns 243 shares of the financial services provider's stock worth $269,000 after purchasing an additional 35 shares in the last quarter. 59.94% of the stock is currently owned by institutional investors.

Texas Pacific Land Stock Performance

Shares of TPL stock traded up $48.21 during trading hours on Wednesday, hitting $1,376.52. The company had a trading volume of 197,853 shares, compared to its average volume of 153,549. Texas Pacific Land Co. has a 12 month low of $467.62 and a 12 month high of $1,769.14. The firm's fifty day moving average is $1,321.94 and its 200 day moving average is $1,042.87. The firm has a market capitalization of $31.63 billion, a price-to-earnings ratio of 70.63 and a beta of 1.68.

Texas Pacific Land Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $1.60 per share. This is an increase from Texas Pacific Land's previous quarterly dividend of $1.17. This represents a $6.40 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Monday, December 2nd. Texas Pacific Land's dividend payout ratio (DPR) is currently 32.84%.

Insiders Place Their Bets

In other Texas Pacific Land news, CAO Stephanie Buffington sold 210 shares of the business's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $1,388.33, for a total value of $291,549.30. Following the completion of the transaction, the chief accounting officer now directly owns 584 shares of the company's stock, valued at approximately $810,784.72. The trade was 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 have purchased a total of 86 shares of company stock valued at $113,145 in the last 90 days. 6.50% of the stock is currently owned by insiders.

About Texas Pacific Land

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.