Swiss National Bank Purchases 17,600 Shares of LandBridge Company LLC $LB

Swiss National Bank lifted its holdings in LandBridge Company LLC (NYSE:LB) by 47.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,000 shares of the company’s stock after buying an additional 17,600 shares during the period. Swiss National Bank’s holdings in LandBridge were worth $3,798,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Comerica Bank increased its position in shares of LandBridge by 13.6% during the third quarter. Comerica Bank now owns 1,369 shares of the company’s stock valued at $73,000 after acquiring an additional 164 shares during the last quarter. NewEdge Advisors LLC grew its position in LandBridge by 110.6% during the second quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock valued at $27,000 after buying an additional 209 shares during the period. Geode Capital Management LLC grew its position in LandBridge by 0.8% during the second quarter. Geode Capital Management LLC now owns 28,971 shares of the company’s stock valued at $1,958,000 after buying an additional 230 shares during the period. Osaic Holdings Inc. increased its holdings in LandBridge by 12.5% during the second quarter. Osaic Holdings Inc. now owns 2,701 shares of the company’s stock worth $183,000 after buying an additional 301 shares during the last quarter. Finally, Independent Advisor Alliance increased its holdings in LandBridge by 2.7% during the fourth quarter. Independent Advisor Alliance now owns 17,112 shares of the company’s stock worth $838,000 after buying an additional 456 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have commented on LB. Zacks Research raised shares of LandBridge from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Weiss Ratings restated a “hold (c)” rating on shares of LandBridge in a research note on Monday, July 6th. The Goldman Sachs Group set a $84.00 price target on shares of LandBridge in a report on Thursday, May 28th. Finally, Piper Sandler upped their price objective on LandBridge from $66.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $78.50.

LandBridge Trading Up 0.2%

Shares of LB opened at $75.19 on Thursday. LandBridge Company LLC has a fifty-two week low of $43.75 and a fifty-two week high of $85.60. The business has a 50-day moving average of $72.44 and a 200 day moving average of $68.41. The firm has a market cap of $5.80 billion, a P/E ratio of 77.51 and a beta of 0.02. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.15 and a current ratio of 3.15.

LandBridge (NYSE:LB) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.32). The business had revenue of $51.01 million for the quarter, compared to analysts’ expectations of $58.72 million. LandBridge had a net margin of 15.71% and a return on equity of 4.34%. LandBridge’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $0.37 earnings per share. As a group, research analysts forecast that LandBridge Company LLC will post 1.48 EPS for the current year.

LandBridge Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, June 4th. LandBridge’s dividend payout ratio is presently 49.48%.

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. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.