Swiss National Bank Takes Position in LandBridge Co LLC (NYSE:LB)

Swiss National Bank acquired a new stake in shares of LandBridge Co LLC (NYSE:LB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 25,100 shares of the company's stock, valued at approximately $1,621,000.

Other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC boosted its holdings in LandBridge by 370.2% in the third quarter. HighTower Advisors LLC now owns 68,649 shares of the company's stock valued at $2,688,000 after purchasing an additional 54,048 shares during the last quarter. FMR LLC raised its stake in LandBridge by 40.5% during the third quarter. FMR LLC now owns 2,378,121 shares of the company's stock valued at $93,032,000 after buying an additional 686,070 shares in the last quarter. Atlas Wealth Partners LLC bought a new position in LandBridge during the 4th quarter worth approximately $443,000. Schwartz Investment Counsel Inc. grew its position in shares of LandBridge by 1.0% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 426,568 shares of the company's stock worth $27,556,000 after acquiring an additional 4,400 shares in the last quarter. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of LandBridge in the 4th quarter valued at approximately $234,000.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LB. Barclays raised their price objective on LandBridge from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Friday, March 21st. Wells Fargo & Company set a $82.00 price target on shares of LandBridge and gave the company an "overweight" rating in a report on Friday, March 7th. Raymond James boosted their price objective on shares of LandBridge from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. The Goldman Sachs Group raised their target price on shares of LandBridge from $73.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, March 26th. Finally, Royal Bank of Canada reaffirmed an "underperform" rating and set a $25.00 target price on shares of LandBridge in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $59.44.

LandBridge Stock Performance

LB stock traded up $2.23 on Wednesday, reaching $74.86. The company's stock had a trading volume of 584,469 shares, compared to its average volume of 504,323. The firm has a fifty day moving average of $70.06 and a two-hundred day moving average of $63.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $5.48 billion and a P/E ratio of 21.03. LandBridge Co LLC has a 52 week low of $18.75 and a 52 week high of $84.70.

LandBridge Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued 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 of this dividend was Thursday, March 6th. LandBridge's dividend payout ratio (DPR) is 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.