Two Sigma Advisers LP Invests $1.76 Million in LandBridge Co LLC (NYSE:LB)

Two Sigma Advisers LP acquired a new position in LandBridge Co LLC (NYSE:LB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 27,300 shares of the company's stock, valued at approximately $1,764,000.

Several other institutional investors also recently modified their holdings of the business. Comerica Bank increased its holdings in shares of LandBridge by 29.7% during the fourth quarter. Comerica Bank now owns 1,158 shares of the company's stock valued at $75,000 after acquiring an additional 265 shares in the last quarter. Fairway Wealth LLC bought a new stake in LandBridge during the 4th quarter valued at $50,000. Generali Investments Management Co LLC acquired a new position in LandBridge during the fourth quarter worth $52,000. KBC Group NV bought a new position in shares of LandBridge in the fourth quarter valued at $72,000. Finally, Blue Trust Inc. acquired a new position in shares of LandBridge during the fourth quarter valued at about $110,000.

LandBridge Stock Performance

Shares of LandBridge stock traded down $2.54 on Friday, reaching $71.61. 599,165 shares of the company traded hands, compared to its average volume of 498,051. The company has a 50 day moving average of $72.56 and a 200 day moving average of $70.08. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.73 and a quick ratio of 0.73. LandBridge Co LLC has a 52 week low of $18.75 and a 52 week high of $87.60. The firm has a market capitalization of $5.24 billion and a PE ratio of 20.12.

LandBridge Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Thursday, June 5th. LandBridge's dividend payout ratio (DPR) is currently 11.24%.

Insider Activity at LandBridge

In related news, Director David N. Capobianco sold 1,900,000 shares of the stock in a transaction dated 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 legal filing with the SEC, which is available at the SEC website. 70.42% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LB shares. Johnson Rice lowered shares of LandBridge from a "buy" rating to an "accumulate" rating in a report on Wednesday, May 21st. Barclays increased their price objective on LandBridge from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Friday, March 21st. Wells Fargo & Company upped their price target on LandBridge from $82.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Piper Sandler lowered their price target on LandBridge from $79.00 to $70.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, The Goldman Sachs Group lifted their price objective 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, LandBridge presently has a consensus rating of "Moderate Buy" and an average price target of $60.67.

About LandBridge

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.