EagleClaw Capital Managment LLC Buys 10,250 Shares of LandBridge Company LLC (NYSE:LB)

Key Points

• EagleClaw Capital Management LLC increased its stake in LandBridge Company LLC by 10.3%, owning a total of 109,475 shares worth approximately $7.88 million.
• LandBridge recently declared a quarterly dividend of $0.10 per share, representing an annualized dividend yield of 0.7%.
• Analysts have mixed ratings on LandBridge stock, with an average target price of $65.86 and a rating of "Hold" as multiple brokerages adjust their price targets.

EagleClaw Capital Managment LLC raised its stake in LandBridge Company LLC (NYSE:LB - Free Report) by 10.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,475 shares of the company's stock after buying an additional 10,250 shares during the period. LandBridge comprises about 1.2% of EagleClaw Capital Managment LLC's investment portfolio, making the stock its 25th biggest position. EagleClaw Capital Managment LLC owned 0.15% of LandBridge worth $7,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in LB. First Manhattan CO. LLC. grew its position in LandBridge by 23.5% in the fourth quarter. First Manhattan CO. LLC. now owns 2,713,506 shares of the company's stock worth $175,292,000 after acquiring an additional 516,380 shares in the last quarter. Hood River Capital Management LLC bought a new stake in LandBridge during the fourth quarter worth about $41,431,000. Vanguard Group Inc. purchased a new position in shares of LandBridge in the 4th quarter worth about $38,480,000. Schwartz Investment Counsel Inc. increased its position in shares of LandBridge by 19.9% during the 1st quarter. Schwartz Investment Counsel Inc. now owns 511,268 shares of the company's stock valued at $36,781,000 after purchasing an additional 84,700 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of LandBridge during the 4th quarter valued at about $20,928,000.

LandBridge Stock Performance

NYSE:LB opened at $56.53 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.70 and a current ratio of 3.70. LandBridge Company LLC has a fifty-two week low of $28.01 and a fifty-two week high of $87.60. The firm has a market cap of $4.32 billion and a PE ratio of 15.88. The business has a 50 day moving average price of $66.27 and a 200-day moving average price of $69.45.

LandBridge Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.40 annualized dividend and a yield of 0.7%. LandBridge's dividend payout ratio is presently 11.24%.

Analysts Set New Price Targets

A number of brokerages have commented on LB. Barclays reduced their price target on shares of LandBridge from $80.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. Johnson Rice lowered shares of LandBridge from a "buy" rating to an "accumulate" rating in a report on Wednesday, May 21st. Finally, Wells Fargo & Company boosted their price target on shares of LandBridge from $82.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $65.86.

Insiders Place Their Bets

In other LandBridge news, Director David N. Capobianco sold 1,900,000 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $75.25, for a total value of $142,975,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 70.42% of the stock is owned by insiders.

LandBridge Company 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.

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