Family Management Corp Acquires Shares of 16,382 LandBridge Co LLC (NYSE:LB)

Family Management Corp bought a new stake in LandBridge Co LLC (NYSE:LB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 16,382 shares of the company's stock, valued at approximately $1,058,000.

A number of other large investors have also recently modified their holdings of LB. Hood River Capital Management LLC bought a new position in LandBridge during the 4th quarter worth $41,431,000. Vanguard Group Inc. bought a new position in shares of LandBridge in the 4th quarter worth about $38,480,000. Raymond James Financial Inc. bought a new stake in LandBridge in the 4th quarter valued at about $20,928,000. Burkehill Global Management LP bought a new stake in LandBridge in the 4th quarter valued at about $15,262,000. Finally, Boston Financial Mangement LLC bought a new stake in LandBridge in the 4th quarter valued at about $15,276,000.

Analysts Set New Price Targets

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

LandBridge Trading Up 7.7%

LB stock traded up $5.63 during mid-day trading on Tuesday, reaching $78.47. The company had a trading volume of 264,701 shares, compared to its average volume of 499,349. 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 50 day moving average of $70.82 and a 200 day moving average of $68.48. LandBridge Co LLC has a 12 month low of $18.75 and a 12 month high of $84.70. The company has a market capitalization of $5.74 billion and a PE ratio of 22.04.

LandBridge Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.51%. LandBridge's dividend payout ratio is presently 11.24%.

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.