EagleClaw Capital Managment LLC Boosts Position in LandBridge Co LLC (NYSE:LB)

EagleClaw Capital Managment LLC increased its stake in shares of LandBridge Co LLC (NYSE:LB - Free Report) by 321.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,225 shares of the company's stock after buying an additional 75,700 shares during the quarter. EagleClaw Capital Managment LLC owned about 0.14% of LandBridge worth $6,410,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC lifted its stake in LandBridge by 10.3% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 5,190,867 shares of the company's stock valued at $203,067,000 after acquiring an additional 484,968 shares during the period. FMR LLC raised its holdings in shares of LandBridge by 40.5% during the third quarter. FMR LLC now owns 2,378,121 shares of the company's stock worth $93,032,000 after purchasing an additional 686,070 shares during the last quarter. Schwartz Investment Counsel Inc. lifted 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 valued at $27,556,000 after purchasing an additional 4,400 shares during the period. Raymond James Financial Inc. purchased a new stake in LandBridge in the fourth quarter valued at $20,928,000. Finally, Boston Financial Mangement LLC acquired a new stake in LandBridge during the 4th quarter worth about $15,276,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LB shares. 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. Barclays boosted their price target on LandBridge from $38.00 to $79.00 and gave the company an "equal weight" rating in a report on Friday, January 17th. Royal Bank of Canada reaffirmed an "underperform" rating and set a $25.00 price objective on shares of LandBridge in a research note on Tuesday, December 10th. Piper Sandler decreased their target price on shares of LandBridge from $79.00 to $70.00 and set a "neutral" rating for the company in a research note on Friday. Finally, Wells Fargo & Company set a $82.00 price target on shares of LandBridge and gave the stock an "overweight" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $57.44.

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LandBridge Price Performance

LB traded up $0.28 during midday trading on Tuesday, hitting $67.98. 498,115 shares of the company traded hands, compared to its average volume of 487,750. The business has a 50 day simple moving average of $69.35 and a two-hundred day simple moving average of $59.18. LandBridge Co LLC has a 52-week low of $18.75 and a 52-week high of $84.70. The company has a market capitalization of $4.97 billion and a price-to-earnings ratio of 19.09. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, March 6th. LandBridge's payout ratio is 11.24%.

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.