Annex Advisory Services LLC Has $14.41 Million Stock Holdings in LandBridge Company LLC $LB

Key Points

• Annex Advisory Services LLC boosted its stake in LandBridge by 8.6% in Q4 to 294,143 shares, worth about $14.41 million (roughly 0.38% of the company) after purchasing 23,324 shares.
• LandBridge announced a $50.00 million share buyback program (up to ~1% of shares) and raised its quarterly dividend to $0.12 (annualized $0.48, ~0.7% yield), up from $0.10 previously.
• Insiders have been net sellers recently: Director Charles L. Watson sold 30,680 shares (≈$2.27M) and insiders sold 53,350 shares (~$3.97M) over three months, though insiders still own 70.42% of the stock.

Annex Advisory Services LLC lifted its holdings in LandBridge Company LLC (NYSE:LB - Free Report) by 8.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 294,143 shares of the company's stock after purchasing an additional 23,324 shares during the quarter. Annex Advisory Services LLC owned about 0.38% of LandBridge worth $14,410,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. NewEdge Advisors LLC grew its position in shares of LandBridge by 110.6% in the 2nd quarter. NewEdge Advisors LLC now owns 398 shares of the company's stock valued at $27,000 after purchasing an additional 209 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of LandBridge in the 4th quarter valued at approximately $51,000. Aquatic Capital Management LLC acquired a new position in shares of LandBridge in the 3rd quarter valued at approximately $63,000. Jones Financial Companies Lllp grew its position in shares of LandBridge by 805.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,232 shares of the company's stock valued at $67,000 after purchasing an additional 1,096 shares during the period. Finally, Comerica Bank grew its position in shares of LandBridge by 13.6% in the 3rd quarter. Comerica Bank now owns 1,369 shares of the company's stock valued at $73,000 after purchasing an additional 164 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LB shares. Weiss Ratings restated a "hold (c)" rating on shares of LandBridge in a research note on Wednesday, April 8th. The Goldman Sachs Group boosted their target price on LandBridge from $69.00 to $84.00 and gave the company a "buy" rating in a research note on Friday, March 13th. Barclays boosted their target price on LandBridge from $57.00 to $75.00 and gave the company an "equal weight" rating in a research note on Friday, February 27th. Zacks Research upgraded shares of LandBridge from a "strong sell" rating to a "hold" rating in a research note on Monday, March 23rd. Finally, Wells Fargo & Company lifted their target price on LandBridge from $90.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, March 18th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $76.00.

LandBridge Stock Down 1.6%

Shares of LB opened at $66.37 on Wednesday. LandBridge Company LLC has a 52 week low of $43.75 and a 52 week high of $87.60. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 70.61 and a beta of 0.54. The company has a debt-to-equity ratio of 0.70, a quick ratio of 4.87 and a current ratio of 4.87. The stock has a fifty day moving average of $68.38 and a 200-day moving average of $61.03.

LandBridge Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 5th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $0.48 annualized dividend and a yield of 0.7%. This is an increase from LandBridge's previous quarterly dividend of $0.10. LandBridge's dividend payout ratio is 51.06%.

LandBridge declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 25th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to repurchase up to 1% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Insider Transactions at LandBridge

In related news, Director Charles L. Watson sold 30,680 shares of the firm's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $74.07, for a total transaction of $2,272,467.60. Following the completion of the transaction, the director directly owned 86,920 shares of the company's stock, valued at $6,438,164.40. This trade represents a 26.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 53,350 shares of company stock worth $3,974,555. 70.42% of the stock is owned by company insiders.

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. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.

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