one8zero8 LLC Makes New Investment in LandBridge Co LLC (NYSE:LB)

one8zero8 LLC bought a new position in LandBridge Co LLC (NYSE:LB) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 49,354 shares of the company’s stock, valued at approximately $3,188,000. one8zero8 LLC owned approximately 0.07% of LandBridge at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Horizon Kinetics Asset Management LLC raised its position in shares of 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 buying an additional 484,968 shares in the last quarter. FMR LLC raised its position in shares of LandBridge by 40.5% during the 3rd 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. Schwartz Investment Counsel Inc. raised its position in shares of 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 buying an additional 4,400 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of LandBridge during the 4th quarter valued at $20,928,000. Finally, Burkehill Global Management LP purchased a new stake in shares of LandBridge during the 4th quarter valued at $15,262,000.

Analyst Ratings Changes

Several analysts have recently weighed in on LB shares. Wells Fargo & Company set a $82.00 price objective on shares of LandBridge and gave the company an “overweight” rating in a research report on Friday, March 7th. Raymond James increased their target price on shares of LandBridge from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Barclays increased their target price on shares of LandBridge from $38.00 to $79.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $71.00 target price on shares of LandBridge in a report on Friday, January 3rd. Finally, Piper Sandler reduced their target price on shares of LandBridge from $79.00 to $70.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, LandBridge currently has an average rating of “Moderate Buy” and a consensus target price of $57.44.

LandBridge Price Performance

Shares of LandBridge stock opened at $72.45 on Friday. The firm has a market cap of $5.30 billion and a PE ratio of 20.35. LandBridge Co LLC has a 12-month low of $18.75 and a 12-month high of $84.70. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.60. The company’s fifty day simple moving average is $69.62 and its two-hundred day simple moving average is $59.89.

LandBridge Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Thursday, March 6th. LandBridge’s payout ratio 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.