Stephens Inc. AR Makes New $681,000 Investment in LandBridge Company LLC (NYSE:LB)

Stephens Inc. AR bought a new stake in LandBridge Company LLC (NYSE:LB - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,473 shares of the company's stock, valued at approximately $681,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Penserra Capital Management LLC purchased a new stake in shares of LandBridge during the 1st quarter valued at $1,788,000. Legal & General Group Plc bought a new stake in shares of LandBridge in the 4th quarter worth approximately $689,000. OneDigital Investment Advisors LLC boosted its position in shares of LandBridge by 158.8% during the first quarter. OneDigital Investment Advisors LLC now owns 30,487 shares of the company's stock valued at $2,193,000 after purchasing an additional 18,708 shares in the last quarter. Essex Financial Services Inc. purchased a new position in LandBridge during the first quarter valued at $464,000. Finally, Childress Capital Advisors LLC purchased a new position in shares of LandBridge in the first quarter worth $583,000.

Insider Activity at LandBridge

In related news, Director David N. Capobianco sold 1,900,000 shares of LandBridge stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $75.25, for a total transaction of $142,975,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 70.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

LB has been the subject of a number of research analyst reports. Wells Fargo & Company raised their target price on LandBridge from $82.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Barclays set a $66.00 price target on LandBridge and gave the company an "equal weight" rating in a research note on Thursday, July 10th. The Goldman Sachs Group lifted their price target on LandBridge from $73.00 to $88.00 and gave the company a "buy" rating in a research note on Wednesday, March 26th. Finally, Johnson Rice downgraded LandBridge from a "buy" rating to an "accumulate" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.11.

LandBridge Price Performance

LB stock traded down $1.20 during mid-day trading on Monday, reaching $54.59. 1,035,249 shares of the company traded hands, compared to its average volume of 483,321. LandBridge Company LLC has a 52-week low of $28.01 and a 52-week high of $87.60. 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 company has a market capitalization of $4.17 billion and a P/E ratio of 15.33. The company has a fifty day moving average price of $70.32 and a 200-day moving average price of $70.36.

LandBridge Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Thursday, June 5th. LandBridge's dividend payout ratio (DPR) is currently 11.24%.

LandBridge 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.