Key Client Fiduciary Advisors LLC Purchases 7,912 Shares of LandBridge Company LLC $LB

Key Points

• Key Client Fiduciary Advisors LLC increased its stake in LandBridge Company LLC by 83.6% in Q2, owning 17,377 shares valued at $1,174,000 after acquiring an additional 7,912 shares.
• LandBridge recently announced a quarterly dividend of $0.10 per share, with a yield of 0.8% and a payout ratio of 11.24%.
• Shares of LandBridge have experienced a decline of 3.3%, with a current market value around $51.62, and analyst ratings show a consensus of "Hold" with a price target of $67.00.

Key Client Fiduciary Advisors LLC boosted its stake in shares of LandBridge Company LLC (NYSE:LB - Free Report) by 83.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,377 shares of the company's stock after acquiring an additional 7,912 shares during the quarter. Key Client Fiduciary Advisors LLC's holdings in LandBridge were worth $1,174,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LB. US Bancorp DE bought a new stake in LandBridge during the 1st quarter worth about $28,000. Uniplan Investment Counsel Inc. bought a new stake in LandBridge during the 1st quarter worth about $30,000. Banque Transatlantique SA bought a new stake in LandBridge during the 1st quarter worth about $34,000. Deutsche Bank AG bought a new stake in LandBridge during the 1st quarter worth about $55,000. Finally, Comerica Bank grew its holdings in LandBridge by 29.7% during the 4th quarter. Comerica Bank now owns 1,158 shares of the company's stock worth $75,000 after acquiring an additional 265 shares during the last quarter.

LandBridge Stock Performance

Shares of LB stock traded down $1.20 on Friday, hitting $51.35. The company's stock had a trading volume of 504,898 shares, compared to its average volume of 301,644. The company has a debt-to-equity ratio of 0.54, a quick ratio of 4.26 and a current ratio of 4.26. The stock's 50 day moving average is $53.87 and its 200-day moving average is $65.24. LandBridge Company LLC has a fifty-two week low of $37.81 and a fifty-two week high of $87.60. The company has a market capitalization of $3.93 billion, a PE ratio of 14.42 and a beta of 0.25.

LandBridge Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $0.10 dividend. The ex-dividend date was Thursday, September 4th. This represents a $0.40 annualized dividend and a dividend yield of 0.8%. LandBridge's dividend payout ratio is 11.24%.

Wall Street Analyst Weigh In

LB has been the topic of several recent research reports. Piper Sandler reduced their target price on shares of LandBridge from $70.00 to $55.00 and set a "neutral" rating on the stock in a research note on Friday, August 15th. Raymond James Financial reduced their target price on shares of LandBridge from $85.00 to $75.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Finally, Barclays reduced their target price on shares of LandBridge from $80.00 to $66.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, LandBridge has a consensus rating of "Hold" and an average target price of $67.00.

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.