Lido Advisors LLC Takes $511,000 Position in LandBridge Co LLC (NYSE:LB)

Lido Advisors LLC purchased a new position in LandBridge Co LLC (NYSE:LB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,910 shares of the company's stock, valued at approximately $511,000.

Several other institutional investors have also added to or reduced their stakes in LB. Sandbox Financial Partners LLC bought a new stake in LandBridge during the 4th quarter valued at $637,000. Annex Advisory Services LLC purchased a new stake in shares of LandBridge during the fourth quarter worth about $1,165,000. Mad River Investors grew its stake in shares of LandBridge by 0.4% in the fourth quarter. Mad River Investors now owns 233,452 shares of the company's stock worth $15,081,000 after purchasing an additional 902 shares during the last quarter. Segment Wealth Management LLC purchased a new position in LandBridge during the 4th quarter valued at about $323,000. Finally, KBC Group NV bought a new position in LandBridge during the 4th quarter valued at approximately $72,000.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Raymond James upped their target price on LandBridge from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Barclays lifted their target price 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. Wells Fargo & Company set a $82.00 price target on shares of LandBridge and gave the stock an "overweight" rating in a research note on Friday, March 7th. The Goldman Sachs Group lifted their price objective on LandBridge from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, March 26th. Finally, Piper Sandler decreased their target price on LandBridge from $79.00 to $70.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. One 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $59.44.

LandBridge Stock Up 1.3 %

Shares of LB traded up $0.93 during trading hours on Friday, hitting $70.05. The company had a trading volume of 476,863 shares, compared to its average volume of 501,129. LandBridge Co LLC has a 52-week low of $18.75 and a 52-week high of $84.70. The firm has a fifty day moving average price of $70.67 and a 200-day moving average price of $68.24. The stock has a market capitalization of $5.12 billion and a price-to-earnings ratio of 19.68. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.73 and a current ratio of 0.73.

LandBridge Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, June 5th. LandBridge's dividend payout ratio (DPR) is currently 11.24%.

LandBridge Company 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.