EAM Global Investors LLC Acquires Shares of 64,383 LandBridge Co LLC (NYSE:LB)

EAM Global Investors LLC purchased a new position in shares of LandBridge Co LLC (NYSE:LB - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 64,383 shares of the company's stock, valued at approximately $4,159,000. EAM Global Investors LLC owned 0.09% of LandBridge as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. EAM Investors LLC purchased a new stake in shares of LandBridge during the fourth quarter worth $4,381,000. Bridgewater Associates LP purchased a new position in LandBridge during the 4th quarter valued at about $6,262,000. Mariner LLC bought a new stake in shares of LandBridge during the fourth quarter valued at about $284,000. Barclays PLC bought a new position in shares of LandBridge in the fourth quarter valued at approximately $180,000. Finally, Rockefeller Capital Management L.P. purchased a new position in LandBridge during the fourth quarter valued at approximately $749,000.

LandBridge Trading Up 2.1 %

NYSE:LB traded up $1.45 during midday trading on Friday, reaching $69.10. 276,637 shares of the stock traded hands, compared to its average volume of 510,542. The stock has a market capitalization of $5.05 billion and a P/E ratio of 19.41. LandBridge Co LLC has a 12 month low of $18.75 and a 12 month high of $84.70. 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 company has a fifty day moving average of $69.16 and a 200 day moving average of $65.48.

LandBridge Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Thursday, March 6th. LandBridge's payout ratio is 11.24%.

Analyst Ratings Changes

LB has been the subject of several analyst reports. Barclays raised their price target on shares of LandBridge from $79.00 to $80.00 and gave the company an "equal weight" rating in a report on Friday, March 21st. The Goldman Sachs Group boosted their target price on LandBridge from $73.00 to $88.00 and gave the stock a "buy" rating in a research report on Wednesday, March 26th. Wells Fargo & Company set a $82.00 price target on LandBridge and gave the company an "overweight" rating in a research report on Friday, March 7th. Piper Sandler dropped their target price on shares of LandBridge from $79.00 to $70.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, Raymond James increased their price target on shares of LandBridge from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, LandBridge currently has an average rating of "Moderate Buy" and a consensus price target of $59.44.

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.