96,928 Shares in LandBridge Co LLC (NYSE:LB) Purchased by Bridgewater Associates LP

Bridgewater Associates LP purchased a new stake in LandBridge Co LLC (NYSE:LB - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 96,928 shares of the company's stock, valued at approximately $6,262,000. Bridgewater Associates LP owned approximately 0.13% of LandBridge as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LB. Horizon Kinetics Asset Management LLC boosted its holdings in LandBridge by 4.0% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 5,399,275 shares of the company's stock valued at $348,793,000 after purchasing an additional 208,408 shares during the period. Vanguard Group Inc. bought a new stake in LandBridge during the fourth quarter valued at $38,480,000. Schwartz Investment Counsel Inc. grew its position in LandBridge by 1.0% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 426,568 shares of the company's stock worth $27,556,000 after buying an additional 4,400 shares in the last quarter. Raymond James Financial Inc. bought a new position in LandBridge in the 4th quarter worth about $20,928,000. Finally, Burkehill Global Management LP purchased a new stake in shares of LandBridge in the 4th quarter valued at about $15,262,000.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LB shares. Wells Fargo & Company set a $82.00 price objective on LandBridge and gave the stock an "overweight" rating in a report on Friday, March 7th. The Goldman Sachs Group upped their target price on shares of LandBridge from $73.00 to $88.00 and gave the stock a "buy" rating in a research report on Wednesday, March 26th. Raymond James raised 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. Barclays upped their price objective on LandBridge from $79.00 to $80.00 and gave the stock an "equal weight" rating in a report on Friday, March 21st. Finally, Piper Sandler decreased their price objective on LandBridge from $79.00 to $70.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, LandBridge presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.44.

LandBridge Trading Up 5.4 %

Shares of NYSE:LB traded up $3.51 during midday trading on Tuesday, hitting $68.92. 238,194 shares of the stock traded hands, compared to its average volume of 647,878. The business's 50 day moving average is $69.03 and its two-hundred day moving average is $66.10. The stock has a market capitalization of $5.04 billion and a PE ratio of 19.36. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.60. LandBridge Co LLC has a one year low of $18.75 and a one year high of $84.70.

LandBridge Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, March 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.58%. LandBridge's dividend payout ratio (DPR) is presently 11.24%.

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.