Schwartz Investment Counsel Inc. Grows Position in LandBridge Co LLC (NYSE:LB)

Schwartz Investment Counsel Inc. grew its position in shares of LandBridge Co LLC (NYSE:LB - Free Report) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 426,568 shares of the company's stock after purchasing an additional 4,400 shares during the quarter. Schwartz Investment Counsel Inc. owned approximately 0.58% of LandBridge worth $27,556,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of LB. nVerses Capital LLC purchased a new position in shares of LandBridge in the 3rd quarter valued at approximately $31,000. KBC Group NV purchased a new position in shares of LandBridge in the 4th quarter valued at approximately $72,000. BNP Paribas Financial Markets purchased a new position in shares of LandBridge in the 3rd quarter valued at approximately $168,000. Axxcess Wealth Management LLC purchased a new position in shares of LandBridge in the 3rd quarter valued at approximately $218,000. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of LandBridge in the 4th quarter valued at approximately $234,000.

Analyst Ratings Changes

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

LandBridge Trading Up 0.8 %

Shares of LB stock traded up $0.53 on Friday, reaching $70.02. The stock had a trading volume of 347,578 shares, compared to its average volume of 754,160. LandBridge Co LLC has a 1 year low of $18.75 and a 1 year 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 50 day simple moving average of $67.28 and a 200 day simple moving average of $55.15.

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.