EAM Investors LLC Takes $4.38 Million Position in LandBridge Co LLC (NYSE:LB)

EAM Investors LLC purchased a new position in shares of LandBridge Co LLC (NYSE:LB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 67,811 shares of the company's stock, valued at approximately $4,381,000. EAM Investors LLC owned about 0.09% of LandBridge as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in LandBridge in the 3rd quarter worth about $168,000. Sandbox Financial Partners LLC bought a new position in LandBridge in the 4th quarter worth approximately $637,000. Annex Advisory Services LLC acquired a new stake in LandBridge in the 4th quarter valued at approximately $1,165,000. Mad River Investors raised its stake in LandBridge by 0.4% during the 4th quarter. Mad River Investors now owns 233,452 shares of the company's stock valued at $15,081,000 after acquiring an additional 902 shares in the last quarter. Finally, Segment Wealth Management LLC acquired a new position in LandBridge during the 4th quarter worth $323,000.

Analysts Set New Price Targets

A number of analysts have commented on LB shares. Wells Fargo & Company set a $82.00 price target on shares of LandBridge and gave the stock an "overweight" rating in a research report on Friday, March 7th. Piper Sandler dropped their price target on 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 target price 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. The Goldman Sachs Group upped 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 price objective on LandBridge from $79.00 to $80.00 and gave the stock an "equal weight" rating in a report on Friday, March 21st. 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's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $59.44.

LandBridge Stock Performance

Shares of LB traded down $4.43 during mid-day trading on Monday, hitting $64.62. The company's stock had a trading volume of 83,061 shares, compared to its average volume of 508,457. The stock's 50-day moving average is $69.12 and its two-hundred day moving average is $65.96. LandBridge Co LLC has a one year low of $18.75 and a one year high of $84.70. 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 capitalization of $4.73 billion and a PE ratio of 18.15.

LandBridge Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders 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 annualized dividend and a yield of 0.62%. LandBridge's dividend payout ratio (DPR) is 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.