Two Sigma Investments LP Acquires New Position in LandBridge Co LLC (NYSE:LB)

Two Sigma Investments LP purchased a new stake in shares of LandBridge Co LLC (NYSE:LB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 23,708 shares of the company's stock, valued at approximately $1,532,000.

Several other large investors have also added to or reduced their stakes in LB. Fairway Wealth LLC purchased a new position in shares of LandBridge in the fourth quarter worth $50,000. Generali Investments Management Co LLC purchased a new position in shares of LandBridge in the fourth quarter worth $52,000. KBC Group NV purchased a new position in shares of LandBridge in the fourth quarter worth $72,000. Comerica Bank lifted its holdings in shares of LandBridge by 29.7% in the fourth quarter. Comerica Bank now owns 1,158 shares of the company's stock worth $75,000 after buying an additional 265 shares in the last quarter. Finally, Blue Trust Inc. purchased a new position in shares of LandBridge in the fourth quarter worth $110,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Johnson Rice downgraded shares of LandBridge from a "buy" rating to an "accumulate" rating in a report on Wednesday, May 21st. The Goldman Sachs Group upped their price target on shares of LandBridge from $73.00 to $88.00 and gave the company a "buy" rating in a research note on Wednesday, March 26th. Wells Fargo & Company upped their price target on shares of LandBridge from $82.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Piper Sandler decreased their price target on shares of LandBridge from $79.00 to $70.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Finally, 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.67.

Insider Transactions at LandBridge

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

LandBridge Trading Up 2.1%

Shares of NYSE LB traded up $1.51 during mid-day trading on Friday, reaching $73.41. The company had a trading volume of 389,101 shares, compared to its average volume of 494,700. The business's 50-day moving average is $72.44 and its 200-day moving average is $70.30. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.60. The stock has a market cap of $5.37 billion and a price-to-earnings ratio of 20.62. LandBridge Co LLC has a 52 week low of $18.75 and a 52 week high of $87.60.

LandBridge Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Thursday, June 5th. LandBridge's payout ratio is presently 11.24%.

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.