Arrowstreet Capital Limited Partnership Invests $1.93 Million in LandBridge Co LLC (NYSE:LB)

Arrowstreet Capital Limited Partnership acquired a new position in shares of LandBridge Co LLC (NYSE:LB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 29,927 shares of the company's stock, valued at approximately $1,933,000.

Several other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new position in shares of LandBridge in the 4th quarter worth about $50,000. Generali Investments Management Co LLC purchased a new position in LandBridge in the fourth quarter valued at about $52,000. Mad River Investors grew its position in shares of LandBridge by 0.4% during the 4th quarter. Mad River Investors now owns 233,452 shares of the company's stock valued at $15,081,000 after acquiring an additional 902 shares during the period. KBC Group NV purchased a new stake in shares of LandBridge during the 4th quarter worth approximately $72,000. Finally, Blue Trust Inc. purchased a new position in LandBridge in the fourth quarter valued at approximately $110,000.

LandBridge Price Performance

Shares of LandBridge stock traded up $0.63 during trading on Wednesday, hitting $67.67. The stock had a trading volume of 22,179 shares, compared to its average volume of 510,135. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.60. LandBridge Co LLC has a 12 month low of $18.75 and a 12 month high of $84.70. The firm has a market cap of $4.95 billion and a price-to-earnings ratio of 19.00. The business's 50-day moving average is $69.20 and its 200 day moving average is $65.26.

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 issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.59%. LandBridge's payout ratio is currently 11.24%.

Wall Street Analysts Forecast Growth

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

LandBridge Company 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.