UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires Shares of 8,881 LandBridge Co LLC (NYSE:LB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of LandBridge Co LLC (NYSE:LB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,881 shares of the company's stock, valued at approximately $574,000.

Several other hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc purchased a new position in LandBridge during the fourth quarter worth $689,000. Tocqueville Asset Management L.P. increased its position in LandBridge by 7.6% during the fourth quarter. Tocqueville Asset Management L.P. now owns 88,190 shares of the company's stock worth $5,697,000 after buying an additional 6,240 shares in the last quarter. Schwartz Investment Counsel Inc. increased its position in LandBridge by 1.0% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 426,568 shares of the company's stock worth $27,556,000 after buying an additional 4,400 shares in the last quarter. Atlas Wealth Partners LLC purchased a new position in LandBridge during the fourth quarter worth $443,000. Finally, Stratos Wealth Partners LTD. purchased a new position in LandBridge during the fourth quarter worth $234,000.

LandBridge Trading Down 0.7%

LB stock traded down $0.52 during trading on Friday, reaching $72.56. 425,459 shares of the stock traded hands, compared to its average volume of 492,990. The business's 50 day moving average price is $73.22 and its 200-day moving average price is $70.22. The firm has a market capitalization of $5.31 billion and a PE ratio of 20.38. LandBridge Co LLC has a 52-week low of $18.75 and a 52-week high of $87.60. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, June 5th. LandBridge's dividend payout ratio is presently 11.24%.

Insiders Place Their Bets

In related news, Director David N. Capobianco sold 1,900,000 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $75.25, for a total value of $142,975,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 70.42% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. The Goldman Sachs Group raised their price target on LandBridge from $73.00 to $88.00 and gave the stock a "buy" rating in a research report on Wednesday, March 26th. Piper Sandler lowered their price objective on LandBridge from $79.00 to $70.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Johnson Rice downgraded LandBridge from a "buy" rating to an "accumulate" rating in a research report on Wednesday, May 21st. Wells Fargo & Company lifted their price objective on LandBridge from $82.00 to $93.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Finally, Barclays lifted their price objective on LandBridge from $79.00 to $80.00 and gave the company an "equal weight" rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, LandBridge has a consensus rating of "Moderate Buy" and a consensus price target of $60.67.

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.