Yaupon Capital Management LP Reduces Holdings in LandBridge Company LLC $LB

Key Points

• Yaupon Capital Management LP significantly reduced its stake in LandBridge Company LLC by selling 222,175 shares, a decrease of 88.9% in the first quarter, leaving it with 27,700 shares valued at approximately $1.99 million.
• Multiple institutional investors, including US Bancorp DE and Deutsche Bank AG, added new stakes in LandBridge during the first quarter, indicating growing interest in the company.
• LandBridge recently announced a quarterly dividend of $0.10 per share, set to be paid on September 18th, which represents a modest annual yield of 0.8% with a low dividend payout ratio of 11.24%.

Yaupon Capital Management LP lowered its holdings in shares of LandBridge Company LLC (NYSE:LB - Free Report) by 88.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,700 shares of the company's stock after selling 222,175 shares during the period. Yaupon Capital Management LP's holdings in LandBridge were worth $1,993,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LB. T. Rowe Price Investment Management Inc. boosted its stake in LandBridge by 5,290.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,193,279 shares of the company's stock worth $85,845,000 after purchasing an additional 1,171,142 shares during the period. Oasis Management Co Ltd. acquired a new stake in shares of LandBridge in the 4th quarter worth $18,832,000. Annex Advisory Services LLC lifted its stake in shares of LandBridge by 907.2% in the 1st quarter. Annex Advisory Services LLC now owns 181,703 shares of the company's stock worth $13,072,000 after acquiring an additional 163,662 shares during the period. HITE Hedge Asset Management LLC acquired a new stake in shares of LandBridge in the 1st quarter worth $9,441,000. Finally, Moore Capital Management LP acquired a new stake in shares of LandBridge in the 4th quarter worth $8,071,000.

LandBridge Price Performance

Shares of NYSE LB traded up $1.62 during midday trading on Friday, hitting $53.38. The company had a trading volume of 381,981 shares, compared to its average volume of 379,752. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.54. LandBridge Company LLC has a twelve month low of $36.66 and a twelve month high of $87.60. The business has a 50-day simple moving average of $54.90 and a two-hundred day simple moving average of $65.71. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 14.99 and a beta of 0.25.

LandBridge Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, September 4th. LandBridge's dividend payout ratio (DPR) is 11.24%.

Analyst Ratings Changes

Several analysts have recently commented on LB shares. Raymond James Financial reduced their target price on shares of LandBridge from $85.00 to $75.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Johnson Rice cut shares of LandBridge from a "buy" rating to an "accumulate" rating in a research note 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 research note on Thursday, July 10th. Finally, Piper Sandler reduced their target price on shares of LandBridge from $70.00 to $55.00 and set a "neutral" rating for the company in a research note on Friday, August 15th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $67.00.

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.