OneDigital Investment Advisors LLC Boosts Holdings in LandBridge Company LLC (NYSE:LB)

OneDigital Investment Advisors LLC increased its holdings in LandBridge Company LLC (NYSE:LB - Free Report) by 158.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,487 shares of the company's stock after purchasing an additional 18,708 shares during the period. OneDigital Investment Advisors LLC's holdings in LandBridge were worth $2,193,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Fairway Wealth LLC purchased a new stake in shares of LandBridge in the fourth quarter worth about $50,000. Generali Investments Management Co LLC purchased a new stake in shares of LandBridge in the fourth quarter worth about $52,000. Comerica Bank raised its holdings in shares of 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 in the last quarter. Barclays PLC purchased a new stake in shares of LandBridge during the 4th quarter worth approximately $180,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of LandBridge during the 4th quarter worth approximately $181,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Barclays upped their price target on shares of LandBridge from $79.00 to $80.00 and gave the company an "equal weight" rating in a research note on Friday, March 21st. The Goldman Sachs Group upped their target price on shares of LandBridge from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, March 26th. Johnson Rice cut shares of LandBridge from a "buy" rating to an "accumulate" rating in a research report on Wednesday, May 21st. Finally, Wells Fargo & Company upped their target price on shares of LandBridge from $82.00 to $93.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $60.67.

LandBridge Stock Performance

LandBridge stock opened at $65.14 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.70 and a quick ratio of 3.70. The firm has a market capitalization of $4.76 billion and a P/E ratio of 18.30. LandBridge Company LLC has a 1-year low of $26.03 and a 1-year high of $87.60. The company's 50-day moving average is $73.37 and its 200 day moving average is $70.58.

LandBridge Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Thursday, June 5th. LandBridge's dividend payout ratio is currently 11.24%.

Insider Activity

In other news, Director David N. Capobianco sold 1,900,000 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $75.25, for a total transaction of $142,975,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 70.42% of the company's stock.

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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