One Charles Private Wealth Services LLC Sells 11,613 Shares of LandBridge Company LLC $LB

Key Points

• One Charles Private Wealth Services reduced its LandBridge stake by 4.9% in the second quarter, selling 11,613 shares and retaining 224,152 shares valued at approximately $17.8 million.
• Analysts maintain a broadly neutral view: LandBridge has a consensus “Hold” rating and an average price target of $81.67, despite recent target increases from Citigroup and Piper Sandler.
• LandBridge shares opened at $88.27, near their 52-week high, while the company announced a quarterly dividend of $0.12 per share, equivalent to a 0.5% annualized yield.

One Charles Private Wealth Services LLC trimmed its holdings in shares of LandBridge Company LLC (NYSE:LB - Free Report) by 4.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,152 shares of the company's stock after selling 11,613 shares during the period. LandBridge accounts for about 4.1% of One Charles Private Wealth Services LLC's investment portfolio, making the stock its 6th biggest holding. One Charles Private Wealth Services LLC owned approximately 0.29% of LandBridge worth $17,762,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of LB. Jefferies Financial Group Inc. bought a new position in LandBridge during the fourth quarter worth about $2,865,000. HighTower Advisors LLC raised its position in shares of LandBridge by 30.7% in the 4th quarter. HighTower Advisors LLC now owns 110,626 shares of the company's stock valued at $5,420,000 after acquiring an additional 26,014 shares during the period. Mad River Investors boosted its stake in LandBridge by 9.1% during the 4th quarter. Mad River Investors now owns 262,934 shares of the company's stock worth $12,881,000 after acquiring an additional 21,878 shares during the last quarter. William Blair Investment Management LLC bought a new position in LandBridge during the 4th quarter worth approximately $33,817,000. Finally, Royal Bank of Canada grew its holdings in LandBridge by 128.3% during the first quarter. Royal Bank of Canada now owns 44,985 shares of the company's stock valued at $3,106,000 after purchasing an additional 25,284 shares during the period.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings lowered LandBridge from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, August 27th. Citigroup raised their target price on shares of LandBridge from $66.00 to $86.00 and gave the stock a "neutral" rating in a report on Wednesday, August 26th. The Goldman Sachs Group set a $84.00 price target on shares of LandBridge in a research note on Thursday, May 28th. Piper Sandler upped their price target on shares of LandBridge from $80.00 to $88.00 and gave the company a "neutral" rating in a report on Tuesday, September 1st. Finally, Zacks Research raised shares of LandBridge from a "strong sell" rating to a "hold" rating in a research report on Monday, June 22nd. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $81.67.

LandBridge Stock Up 2.0%

NYSE:LB opened at $88.27 on Wednesday. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 78.11 and a beta of 0.09. LandBridge Company LLC has a twelve month low of $43.75 and a twelve month high of $91.69. The stock's 50 day moving average price is $80.03 and its two-hundred day moving average price is $73.37. The company has a quick ratio of 7.27, a current ratio of 7.27 and a debt-to-equity ratio of 0.64.

LandBridge Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, August 27th. LandBridge's dividend payout ratio (DPR) is currently 42.48%.

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. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.

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