5,093 Shares in LandBridge Co LLC (NYSE:LB) Purchased by Independent Advisor Alliance

Independent Advisor Alliance purchased a new position in LandBridge Co LLC (NYSE:LB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,093 shares of the company’s stock, valued at approximately $329,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Centiva Capital LP raised its position in LandBridge by 4.7% in the third quarter. Centiva Capital LP now owns 9,527 shares of the company’s stock worth $373,000 after purchasing an additional 427 shares in the last quarter. Mad River Investors raised its position in LandBridge by 0.4% in the fourth quarter. Mad River Investors now owns 233,452 shares of the company’s stock worth $15,081,000 after purchasing an additional 902 shares in the last quarter. KBC Group NV acquired a new position in LandBridge in the fourth quarter worth about $72,000. Blue Trust Inc. acquired a new position in LandBridge in the fourth quarter worth about $110,000. Finally, Steward Partners Investment Advisory LLC raised its position in LandBridge by 174.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,651 shares of the company’s stock worth $300,000 after purchasing an additional 2,955 shares in the last quarter.

LandBridge Trading Down 1.8 %

LB opened at $72.35 on Wednesday. The firm’s fifty day moving average is $69.62 and its two-hundred day moving average is $60.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $5.29 billion and a PE ratio of 20.32. LandBridge Co LLC has a twelve month low of $18.75 and a twelve month high of $84.70.

LandBridge Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.10 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.40 annualized dividend and a yield of 0.55%. LandBridge’s dividend payout ratio (DPR) is presently 11.24%.

Analysts Set New Price Targets

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

About LandBridge

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.