LandBridge Company LLC (NYSE:LB) Shares Acquired by EagleClaw Capital Managment LLC

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

Other hedge funds also recently modified their holdings of the company. Hood River Capital Management LLC acquired a new position in LandBridge in the 4th quarter worth about $41,431,000. Vanguard Group Inc. bought a new stake in shares of LandBridge during the 4th quarter valued at about $38,480,000. First Manhattan CO. LLC. boosted its position in shares of LandBridge by 23.5% during the 4th quarter. First Manhattan CO. LLC. now owns 2,713,506 shares of the company's stock valued at $175,292,000 after purchasing an additional 516,380 shares in the last quarter. Raymond James Financial Inc. bought a new position in LandBridge in the fourth quarter worth approximately $20,928,000. Finally, Oasis Management Co Ltd. purchased a new stake in shares of LandBridge in the fourth quarter worth approximately $18,832,000.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Johnson Rice downgraded LandBridge from a "buy" rating to an "accumulate" rating in a research report on Wednesday, May 21st. Barclays cut their price target on LandBridge from $80.00 to $66.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. Finally, Wells Fargo & Company boosted their target price on LandBridge from $82.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $65.86.

LandBridge Trading Up 0.3%

LB traded up $0.15 on Tuesday, hitting $58.08. The company had a trading volume of 211,625 shares, compared to its average volume of 584,939. The company has a market cap of $4.44 billion, a PE ratio of 16.28 and a beta of 0.32. LandBridge Company LLC has a 12-month low of $30.06 and a 12-month high of $87.60. The company has a quick ratio of 3.70, a current ratio of 3.70 and a debt-to-equity ratio of 0.60. The business's fifty day simple moving average is $64.97 and its 200 day simple moving average is $69.05.

LandBridge Announces Dividend

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

Insider Activity

In other LandBridge news, Director David N. Capobianco sold 1,900,000 shares of the company's stock in a transaction on 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 document filed with the SEC, which is available through this hyperlink. Insiders own 70.42% of the company's stock.

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.