Mariner LLC Invests $284,000 in LandBridge Co LLC (NYSE:LB)

Mariner LLC bought a new stake in LandBridge Co LLC (NYSE:LB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,400 shares of the company's stock, valued at approximately $284,000.

Other large investors have also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in shares of LandBridge in the 4th quarter worth approximately $50,000. Generali Investments Management Co LLC acquired a new stake in shares of LandBridge in the 4th quarter worth approximately $52,000. KBC Group NV acquired a new stake in shares of LandBridge in the 4th quarter worth approximately $72,000. Blue Trust Inc. acquired a new stake in shares of LandBridge in the 4th quarter worth approximately $110,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of LandBridge in the 4th quarter worth approximately $181,000.

Analyst Ratings Changes

A number of equities research analysts have commented on LB shares. Piper Sandler lowered their target price on LandBridge from $79.00 to $70.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Wells Fargo & Company set a $82.00 target price on LandBridge and gave the company an "overweight" rating in a report on Friday, March 7th. Raymond James increased their target price on LandBridge from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. The Goldman Sachs Group increased their target price on LandBridge from $73.00 to $88.00 and gave the company a "buy" rating in a report on Wednesday, March 26th. Finally, Barclays increased their target price on LandBridge from $79.00 to $80.00 and gave the company an "equal weight" rating in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, LandBridge currently has an average rating of "Moderate Buy" and an average target price of $59.44.

LandBridge Price Performance

Shares of LandBridge stock traded up $0.93 during trading on Friday, hitting $70.05. The stock had a trading volume of 476,863 shares, compared to its average volume of 501,129. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market cap of $5.12 billion and a P/E ratio of 19.68. The business has a fifty day moving average of $70.67 and a two-hundred day moving average of $68.34. LandBridge Co LLC has a fifty-two week low of $18.75 and a fifty-two week high of $84.70.

LandBridge Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Thursday, June 5th. LandBridge's dividend payout ratio (DPR) is presently 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.