Sandbox Financial Partners LLC purchased a new position in shares of LandBridge Co LLC (NYSE:LB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,867 shares of the company's stock, valued at approximately $637,000.
Other large investors also recently bought and sold shares of the company. nVerses Capital LLC purchased a new stake in shares of LandBridge during the 3rd quarter worth about $31,000. M&R Capital Management Inc. purchased a new stake in LandBridge during the third quarter worth approximately $39,000. BNP Paribas Financial Markets purchased a new position in shares of LandBridge in the 3rd quarter valued at $168,000. Axxcess Wealth Management LLC acquired a new position in shares of LandBridge during the 3rd quarter valued at $218,000. Finally, Requisite Capital Management LLC purchased a new stake in LandBridge during the 3rd quarter worth $293,000.
LandBridge Stock Performance
Shares of LB stock traded down $0.44 on Friday, hitting $74.83. 233,119 shares of the stock traded hands, compared to its average volume of 427,217. The company's fifty day moving average is $67.51 and its 200 day moving average is $49.68. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.73 and a current ratio of 0.73. LandBridge Co LLC has a 1-year low of $18.75 and a 1-year high of $80.82.
LandBridge Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Thursday, December 5th.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on LB. Royal Bank of Canada restated an "underperform" rating and set a $25.00 price objective on shares of LandBridge in a research note on Tuesday, December 10th. Piper Sandler upped their price target on LandBridge from $39.00 to $79.00 and gave the stock a "neutral" rating in a report on Monday, November 25th. The Goldman Sachs Group reiterated a "buy" rating and set a $71.00 price objective on shares of LandBridge in a research note on Friday, January 3rd. Finally, Barclays upped their target price on shares of LandBridge from $38.00 to $79.00 and gave the company an "equal weight" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $47.67.
View Our Latest Report on LB
About LandBridge
(
Free Report)
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.
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