Malaga Cove Capital LLC Acquires Shares of 4,879 LandBridge Co LLC (NYSE:LB)

Malaga Cove Capital LLC purchased a new stake in LandBridge Co LLC (NYSE:LB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,879 shares of the company's stock, valued at approximately $315,000.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. The Goldman Sachs Group boosted their price target on shares of LandBridge from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, March 26th. Raymond James increased their target price on LandBridge from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Wells Fargo & Company increased their target price on LandBridge from $82.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday. Barclays increased their target price on LandBridge from $79.00 to $80.00 and gave the company an "equal weight" rating in a research note on Friday, March 21st. Finally, Piper Sandler reduced their target price on LandBridge from $79.00 to $70.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $60.67.

LandBridge Trading Up 5.4%

Shares of NYSE:LB traded up $4.37 on Friday, reaching $84.69. 503,411 shares of the company traded hands, compared to its average volume of 498,861. The business's 50-day simple moving average is $71.99 and its 200 day simple moving average is $69.12. LandBridge Co LLC has a 52 week low of $18.75 and a 52 week high of $85.22. The stock has a market capitalization of $6.20 billion and a P/E ratio of 23.79. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.60.

LandBridge Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.47%. LandBridge's dividend payout ratio (DPR) is currently 11.24%.

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.