Aster Capital Management DIFC Ltd Purchases Shares of 5,968 LandBridge Co LLC (NYSE:LB)

Aster Capital Management DIFC Ltd bought a new position in shares of LandBridge Co LLC (NYSE:LB - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 5,968 shares of the company's stock, valued at approximately $386,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fairway Wealth LLC acquired a new position in LandBridge during the fourth quarter worth $50,000. Generali Investments Management Co LLC acquired a new position in shares of LandBridge during the 4th quarter worth $52,000. KBC Group NV acquired a new position in shares of LandBridge during the 4th quarter worth $72,000. Blue Trust Inc. acquired a new stake in LandBridge in the 4th quarter valued at about $110,000. Finally, BNP Paribas Financial Markets acquired a new stake in LandBridge in the 3rd quarter valued at about $168,000.

LandBridge Trading Up 4.2 %

NYSE:LB traded up $2.64 during mid-day trading on Friday, reaching $65.49. The company's stock had a trading volume of 327,680 shares, compared to its average volume of 515,214. 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 stock has a market cap of $4.79 billion and a P/E ratio of 18.40. The company's fifty day simple moving average is $69.23 and its two-hundred day simple moving average is $64.71. LandBridge Co LLC has a twelve month low of $18.75 and a twelve month high of $84.70.

LandBridge Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.61%. LandBridge's payout ratio is 11.24%.

Analyst Upgrades and Downgrades

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

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.