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

OneDigital Investment Advisors LLC increased its position in LandBridge Company LLC (NYSE:LB - Free Report) by 158.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LB. Fairway Wealth LLC bought a new position in shares of LandBridge in the 4th quarter worth approximately $50,000. Generali Investments Management Co LLC bought a new position in shares of LandBridge in the 4th quarter worth approximately $52,000. Comerica Bank lifted its stake in shares of LandBridge by 29.7% in the 4th quarter. Comerica Bank now owns 1,158 shares of the company's stock worth $75,000 after purchasing an additional 265 shares during the period. Barclays PLC bought a new position in shares of LandBridge in the 4th quarter worth approximately $180,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in LandBridge in the 4th quarter worth approximately $181,000.

Insider Buying and Selling at LandBridge

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

LandBridge Price Performance

LB traded up $0.98 during trading on Thursday, reaching $62.64. 423,090 shares of the company traded hands, compared to its average volume of 477,835. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.70 and a current ratio of 3.70. LandBridge Company LLC has a 12-month low of $26.51 and a 12-month high of $87.60. The firm has a fifty day simple moving average of $72.72 and a 200 day simple moving average of $70.51. The company has a market cap of $4.58 billion and a P/E ratio of 17.60.

LandBridge Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Investors of record on Thursday, June 5th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Thursday, June 5th. LandBridge's dividend payout ratio (DPR) is presently 11.24%.

Analyst Ratings Changes

LB has been the subject of several analyst reports. Johnson Rice lowered shares of LandBridge from a "buy" rating to an "accumulate" rating in a report on Wednesday, May 21st. Barclays reduced their target price on shares of LandBridge from $80.00 to $66.00 and set an "equal weight" rating for the company in a report on Thursday. Wells Fargo & Company increased their target price on shares of LandBridge from $82.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, The Goldman Sachs Group increased their target price on shares of LandBridge from $73.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, LandBridge presently has a consensus rating of "Moderate Buy" and an average target price of $59.11.

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.