LandBridge Company LLC $LB Stock Position Lifted by Kingswood Wealth Advisors LLC

Key Points

• Kingswood Wealth Advisors LLC has increased its stake in LandBridge Company LLC by 50.9%, owning 44,891 shares valued at approximately $3,034,000 by the end of the second quarter.
• LandBridge recently announced a quarterly dividend of $0.10 per share, representing an annualized dividend yield of 0.7% with a payout ratio of 11.24%.
• Analyst reports have seen price targets for LandBridge shares reduced, with an average target now at $67.00, while the stock holds a mix of ratings including four "Buy" and three "Hold" ratings.

Kingswood Wealth Advisors LLC increased its stake in LandBridge Company LLC (NYSE:LB - Free Report) by 50.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,891 shares of the company's stock after purchasing an additional 15,136 shares during the quarter. Kingswood Wealth Advisors LLC owned about 0.06% of LandBridge worth $3,034,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LB. T. Rowe Price Investment Management Inc. increased its position in shares of LandBridge by 5,290.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,193,279 shares of the company's stock valued at $85,845,000 after purchasing an additional 1,171,142 shares during the period. HITE Hedge Asset Management LLC bought a new position in LandBridge during the first quarter valued at about $9,441,000. Vanguard Group Inc. grew its holdings in LandBridge by 17.1% during the first quarter. Vanguard Group Inc. now owns 697,748 shares of the company's stock worth $50,196,000 after acquiring an additional 102,085 shares during the period. Amundi bought a new stake in LandBridge in the first quarter worth about $5,763,000. Finally, First Manhattan CO. LLC. raised its position in 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.

LandBridge Price Performance

NYSE LB opened at $57.13 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 4.26 and a quick ratio of 4.26. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 16.05 and a beta of 0.14. The company has a 50 day simple moving average of $53.78 and a 200-day simple moving average of $63.93. LandBridge Company LLC has a 52-week low of $43.79 and a 52-week high of $87.60.

LandBridge Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%. LandBridge's dividend payout ratio (DPR) is 11.24%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LB. Raymond James Financial lowered their price objective 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. Weiss Ratings restated a "hold (c-)" rating on shares of LandBridge in a report on Saturday, September 27th. Piper Sandler dropped their price target on LandBridge from $70.00 to $55.00 and set a "neutral" rating on the stock in a report on Friday, August 15th. Finally, Barclays reduced their price objective on LandBridge from $80.00 to $66.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average 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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