Point Energy Fund Aiv- Five II Sells 2,500,000 Shares of LandBridge (NYSE:LB) Stock

LandBridge Company LLC (NYSE:LB) Director Point Energy Fund Aiv- Five II sold 2,500,000 shares of LandBridge stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $70.00, for a total value of $175,000,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

LandBridge Trading Down 3.5%

NYSE LB traded down $2.12 during trading on Friday, reaching $57.62. 231,987 shares of the stock traded hands, compared to its average volume of 548,094. LandBridge Company LLC has a fifty-two week low of $48.55 and a fifty-two week high of $87.60. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.52. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 82.36 and a beta of 0.15. The stock’s 50-day moving average price is $58.61 and its 200 day moving average price is $61.91.

LandBridge (NYSE:LB) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.44). LandBridge had a return on equity of 4.63% and a net margin of 13.72%.The business had revenue of $50.83 million for the quarter, compared to analyst estimates of $49.13 million. Analysts predict that LandBridge Company LLC will post 0.99 EPS for the current year.

LandBridge Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.40 dividend on an annualized basis and a yield of 0.7%. LandBridge’s dividend payout ratio is presently 57.14%.

Hedge Funds Weigh In On LandBridge

A number of institutional investors have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. lifted its stake in LandBridge by 5,290.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,193,279 shares of the company’s stock valued at $85,845,000 after purchasing an additional 1,171,142 shares during the last quarter. Cortland Associates Inc. MO raised its stake in LandBridge by 172.0% in the third quarter. Cortland Associates Inc. MO now owns 412,443 shares of the company’s stock valued at $22,004,000 after buying an additional 260,812 shares during the period. UBS Group AG lifted its position in shares of LandBridge by 88.6% in the third quarter. UBS Group AG now owns 426,156 shares of the company’s stock valued at $22,735,000 after buying an additional 200,231 shares during the last quarter. HITE Hedge Asset Management LLC acquired a new position in shares of LandBridge during the 1st quarter worth approximately $9,441,000. Finally, Vanguard Group Inc. increased its holdings in shares of LandBridge by 17.1% during the 1st quarter. Vanguard Group Inc. now owns 697,748 shares of the company’s stock worth $50,196,000 after acquiring an additional 102,085 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently commented on LB. Raymond James Financial cut their price target on LandBridge from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Janney Montgomery Scott cut shares of LandBridge from a “buy” rating to a “neutral” rating in a research note on Thursday, November 13th. Barclays cut their price objective on shares of LandBridge from $66.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. Piper Sandler decreased their target price on shares of LandBridge from $70.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, August 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of LandBridge in a research report on Tuesday, October 14th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $65.17.

LandBridge Company 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.