Key Client Fiduciary Advisors LLC Increases Position in 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 raised its stake in shares of LandBridge Company LLC (NYSE:LB - Free Report) by 83.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,377 shares of the company's stock after purchasing an additional 7,912 shares during the period. Key Client Fiduciary Advisors LLC's holdings in LandBridge were worth $1,174,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Manhattan CO. LLC. increased its position in shares of LandBridge by 3.1% in the first quarter. First Manhattan CO. LLC. now owns 2,798,207 shares of the company's stock worth $201,303,000 after acquiring an additional 84,701 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of LandBridge by 5,290.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,193,279 shares of the company's stock worth $85,845,000 after buying an additional 1,171,142 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of LandBridge by 17.1% in the 1st quarter. Vanguard Group Inc. now owns 697,748 shares of the company's stock worth $50,196,000 after buying an additional 102,085 shares during the last quarter. Schwartz Investment Counsel Inc. increased its holdings in shares of LandBridge by 19.9% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 511,268 shares of the company's stock worth $36,781,000 after acquiring an additional 84,700 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in shares of LandBridge by 1.6% in the 1st quarter. Raymond James Financial Inc. now owns 329,123 shares of the company's stock worth $23,677,000 after acquiring an additional 5,155 shares during the period.

LandBridge Stock Down 3.3%

Shares of NYSE:LB opened at $51.62 on Tuesday. LandBridge Company LLC has a 52 week low of $36.80 and a 52 week high of $87.60. 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 company's fifty day moving average is $54.65 and its 200-day moving average is $65.59. The company has a market capitalization of $3.95 billion, a PE ratio of 14.50 and a beta of 0.26.

LandBridge Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, September 4th. LandBridge's payout ratio is currently 11.24%.

Analyst Ratings Changes

Several research firms have commented on LB. Johnson Rice cut shares of LandBridge from a "buy" rating to an "accumulate" rating in a research note on Wednesday, May 21st. Raymond James Financial decreased their target price on shares of LandBridge from $85.00 to $75.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Barclays decreased their price target on shares of LandBridge from $80.00 to $66.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. Finally, Piper Sandler decreased their price target on shares of LandBridge from $70.00 to $55.00 and set a "neutral" rating for the company in a report on Friday, August 15th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $67.00.

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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