LandBridge Co LLC (NYSE:LB) Shares Bought by Moors & Cabot Inc.

Moors & Cabot Inc. lifted its position in shares of LandBridge Co LLC (NYSE:LB) by 80.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,725 shares of the company’s stock after acquiring an additional 88,755 shares during the quarter. Moors & Cabot Inc. owned 0.27% of LandBridge worth $12,838,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. HighTower Advisors LLC raised its holdings in LandBridge by 370.2% in the 3rd quarter. HighTower Advisors LLC now owns 68,649 shares of the company’s stock valued at $2,688,000 after acquiring an additional 54,048 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new stake in LandBridge in the 3rd quarter valued at approximately $383,000. FMR LLC boosted its position in LandBridge by 40.5% in 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 during the period. Horizon Kinetics Asset Management LLC boosted its position in LandBridge by 10.3% in 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 during the period. Finally, Atlas Wealth Partners LLC purchased a new position in LandBridge in the 4th quarter valued at approximately $443,000.

LandBridge Stock Up 0.4 %

NYSE LB opened at $67.98 on Wednesday. The company’s 50 day simple moving average is $69.35 and its 200 day simple moving average is $59.18. The company has a market capitalization of $4.97 billion and a P/E ratio of 19.09. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.73 and a quick ratio of 0.73. LandBridge Co LLC has a 12 month low of $18.75 and a 12 month high of $84.70.

LandBridge Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, March 6th. LandBridge’s payout ratio is presently 11.24%.

Analyst Ratings Changes

Several research firms have recently issued reports on LB. Wells Fargo & Company set a $82.00 price objective on shares of LandBridge and gave the stock an “overweight” rating in a research report on Friday. Piper Sandler dropped 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. Raymond James boosted their price target on shares of LandBridge from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Barclays boosted their price objective on shares of LandBridge from $38.00 to $79.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Finally, Royal Bank of Canada reissued an “underperform” rating and set a $25.00 price objective on shares of LandBridge in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.