Tudor Investment Corp ET AL acquired a new stake in shares of LandBridge Co LLC (NYSE:LB - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 44,242 shares of the company's stock, valued at approximately $2,858,000. Tudor Investment Corp ET AL owned approximately 0.06% of LandBridge as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. Ghisallo Capital Management LLC increased its stake in LandBridge by 399.8% in the 4th quarter. Ghisallo Capital Management LLC now owns 249,875 shares of the company's stock worth $16,142,000 after buying an additional 199,875 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its stake in LandBridge by 35.9% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 278,856 shares of the company's stock valued at $18,014,000 after purchasing an additional 73,651 shares during the period. Hood River Capital Management LLC purchased a new position in LandBridge in the 4th quarter worth approximately $41,431,000. T. Rowe Price Investment Management Inc. bought a new position in LandBridge in the 4th quarter worth approximately $1,431,000. Finally, Heights Capital Management Inc. purchased a new stake in LandBridge during the 4th quarter valued at approximately $10,761,000.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Barclays upped their target price on shares of LandBridge from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Piper Sandler cut 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. Wells Fargo & Company set a $82.00 price target on LandBridge and gave the company 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 stock a "buy" rating in a research note on Wednesday, March 26th. Finally, Raymond James increased their target price on LandBridge from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $59.44.
Get Our Latest Stock Analysis on LandBridge
LandBridge Trading Up 5.0 %
LB stock opened at $78.69 on Friday. LandBridge Co LLC has a twelve month low of $18.75 and a twelve month high of $84.70. The stock has a market capitalization of $5.76 billion and a price-to-earnings ratio of 22.10. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.60. The firm's fifty day simple moving average is $69.78 and its two-hundred day simple moving average is $67.39.
LandBridge Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Thursday, March 6th. LandBridge's dividend payout ratio (DPR) is currently 11.24%.
About LandBridge
(
Free Report)
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.
Further Reading
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