236,475 Shares in LandBridge Co LLC (NYSE:LB) Acquired by Boston Financial Mangement LLC

Boston Financial Mangement LLC bought a new position in LandBridge Co LLC (NYSE:LB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 236,475 shares of the company's stock, valued at approximately $15,276,000. Boston Financial Mangement LLC owned approximately 0.32% of LandBridge as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in LB. nVerses Capital LLC purchased a new stake in LandBridge during the 3rd quarter valued at $31,000. Raymond James & Associates grew its stake in shares of LandBridge by 9.2% in the 3rd quarter. Raymond James & Associates now owns 229,350 shares of the company's stock worth $8,972,000 after buying an additional 19,350 shares in the last quarter. Mad River Investors bought a new position in shares of LandBridge during the 3rd quarter valued at approximately $9,097,000. International Assets Investment Management LLC purchased a new stake in LandBridge in the 3rd quarter worth about $1,836,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in LandBridge in the third quarter worth $1,956,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LB shares. Royal Bank of Canada reaffirmed an "underperform" rating and set a $25.00 target price on shares of LandBridge in a research report on Tuesday, December 10th. The Goldman Sachs Group reissued a "buy" rating and issued a $71.00 price objective on shares of LandBridge in a report on Friday, January 3rd. Piper Sandler boosted their target price on shares of LandBridge from $39.00 to $79.00 and gave the company a "neutral" rating in a research report on Monday, November 25th. Barclays upped their price target on shares of LandBridge from $38.00 to $79.00 and gave the company an "equal weight" rating in a report on Friday, January 17th. Finally, Raymond James lifted their price target on LandBridge from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, LandBridge presently has a consensus rating of "Moderate Buy" and an average price target of $53.33.

LandBridge Stock Performance

Shares of NYSE LB traded up $0.62 during midday trading on Monday, hitting $65.83. The stock had a trading volume of 381,742 shares, compared to its average volume of 675,341. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a 50 day simple moving average of $68.19 and a 200-day simple moving average of $56.86. LandBridge Co LLC has a 1 year low of $18.75 and a 1 year high of $84.70.

LandBridge Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.61%.

LandBridge Profile

LandBridge Company LLC owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It also sells brackish water and other surface composite materials.