Atlas Wealth Partners LLC Acquires New Position in LandBridge Co LLC (NYSE:LB)

Atlas Wealth Partners LLC acquired a new stake in shares of LandBridge Co LLC (NYSE:LB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,864 shares of the company's stock, valued at approximately $443,000. LandBridge makes up about 0.6% of Atlas Wealth Partners LLC's investment portfolio, making the stock its 25th largest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. nVerses Capital LLC purchased a new position in shares of LandBridge in the third quarter worth about $31,000. KBC Group NV purchased a new position in shares of LandBridge in the fourth quarter worth about $72,000. BNP Paribas Financial Markets purchased a new position in shares of LandBridge in the third quarter worth about $168,000. Axxcess Wealth Management LLC purchased a new position in shares of LandBridge in the third quarter worth about $218,000. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of LandBridge in the fourth quarter worth about $234,000.

Analyst Upgrades and Downgrades

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

LandBridge Stock Performance

Shares of LB traded up $0.53 during trading on Friday, reaching $70.02. 347,578 shares of the company traded hands, compared to its average volume of 754,160. LandBridge Co LLC has a twelve month low of $18.75 and a twelve month high of $84.70. The stock has a 50-day simple moving average of $67.28 and a 200-day simple moving average of $55.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.73 and a quick ratio of 0.73.

About LandBridge

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.