Private Advisor Group LLC Acquires Shares of 4,014 LandBridge Co LLC (NYSE:LB)

Private Advisor Group LLC bought a new stake in LandBridge Co LLC (NYSE:LB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,014 shares of the company's stock, valued at approximately $259,000.

A number of other large investors also recently bought and sold shares of the stock. Blue Trust Inc. acquired a new position in LandBridge in the fourth quarter valued at about $110,000. Schwartz Investment Counsel Inc. boosted its holdings in LandBridge by 1.0% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 426,568 shares of the company's stock valued at $27,556,000 after acquiring an additional 4,400 shares during the period. Atlas Wealth Partners LLC purchased a new position in LandBridge during the 4th quarter valued at about $443,000. Stratos Wealth Partners LTD. purchased a new position in LandBridge during the 4th quarter valued at about $234,000. Finally, Cortland Associates Inc. MO purchased a new position in LandBridge during the 4th quarter valued at about $9,727,000.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Royal Bank of Canada restated an "underperform" rating and set a $25.00 target price on shares of LandBridge in a report on Tuesday, December 10th. The Goldman Sachs Group reiterated a "buy" rating and issued a $71.00 target price on shares of LandBridge in a report on Friday, January 3rd. Raymond James lifted their target price on LandBridge from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Piper Sandler decreased their target price on LandBridge from $79.00 to $70.00 and set a "neutral" rating for the company in a report on Friday. Finally, Barclays lifted their target price on LandBridge from $38.00 to $79.00 and gave the company an "equal weight" rating in a report on Friday, January 17th. One investment 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. According to MarketBeat, LandBridge currently has a consensus rating of "Moderate Buy" and an average price target of $52.33.

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LandBridge Stock Up 9.9 %

Shares of NYSE:LB traded up $6.09 during trading on Friday, hitting $67.60. 837,913 shares of the company were exchanged, compared to its average volume of 486,836. The stock has a market capitalization of $4.95 billion and a P/E ratio of 18.99. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.73 and a quick ratio of 0.73. LandBridge Co LLC has a 12-month low of $18.75 and a 12-month high of $84.70. The firm's 50 day moving average price is $69.31 and its 200-day moving average price is $58.69.

LandBridge Dividend Announcement

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

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.