Rockefeller Capital Management L.P. Makes New $749,000 Investment in LandBridge Co LLC (NYSE:LB)

Rockefeller Capital Management L.P. purchased a new position in shares of LandBridge Co LLC (NYSE:LB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,600 shares of the company's stock, valued at approximately $749,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Fairway Wealth LLC acquired a new position in LandBridge in the 4th quarter valued at about $50,000. Generali Investments Management Co LLC purchased a new stake in LandBridge in the 4th quarter valued at about $52,000. KBC Group NV purchased a new stake in LandBridge in the 4th quarter valued at about $72,000. Blue Trust Inc. purchased a new stake in LandBridge in the 4th quarter valued at about $110,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in LandBridge in the 4th quarter valued at about $181,000.

Analyst Ratings Changes

Several analysts have commented on the company. Piper Sandler lowered their price target on LandBridge from $79.00 to $70.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Wells Fargo & Company set a $82.00 price target on LandBridge and gave the company an "overweight" rating in a report on Friday, March 7th. Raymond James boosted their target price on LandBridge from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. The Goldman Sachs Group boosted their target price on LandBridge from $73.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, March 26th. Finally, Barclays boosted their target price on LandBridge from $79.00 to $80.00 and gave the stock an "equal weight" rating in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, LandBridge presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.44.

LandBridge Stock Up 3.0 %

LandBridge stock traded up $2.14 during midday trading on Monday, hitting $74.14. 595,946 shares of the stock were exchanged, compared to its average volume of 506,202. LandBridge Co LLC has a 1 year low of $18.75 and a 1 year high of $84.70. The firm has a market cap of $5.42 billion and a P/E ratio of 20.83. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.73 and a quick ratio of 0.73. The company has a 50 day moving average price of $69.03 and a two-hundred day moving average price of $66.77.

LandBridge Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.54%. The ex-dividend date was Thursday, March 6th. LandBridge's dividend payout ratio (DPR) is 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.