Tudor Investment Corp ET AL Takes Position in LandBridge Co LLC (NYSE:LB)

Tudor Investment Corp ET AL acquired a new stake in shares of LandBridge Co LLC (NYSE:LB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,242 shares of the company's stock, valued at approximately $2,858,000. Tudor Investment Corp ET AL owned about 0.06% of LandBridge as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the company. Ghisallo Capital Management LLC boosted its stake in shares of LandBridge by 399.8% during the 4th quarter. Ghisallo Capital Management LLC now owns 249,875 shares of the company's stock worth $16,142,000 after acquiring an additional 199,875 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of LandBridge by 35.9% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 278,856 shares of the company's stock worth $18,014,000 after buying an additional 73,651 shares in the last quarter. Hood River Capital Management LLC bought a new position in shares of LandBridge during the fourth quarter worth $41,431,000. T. Rowe Price Investment Management Inc. purchased a new position in LandBridge during the fourth quarter valued at $1,431,000. Finally, Heights Capital Management Inc. bought a new stake in LandBridge in the 4th quarter valued at $10,761,000.

LandBridge Stock Down 7.3 %

Shares of LandBridge stock traded down $5.68 during trading on Thursday, reaching $72.31. The company's stock had a trading volume of 290,910 shares, compared to its average volume of 604,644. The company has a 50-day simple moving average of $70.46 and a two-hundred day simple moving average of $67.90. LandBridge Co LLC has a 1-year low of $18.75 and a 1-year high of $84.70. The company has a market cap of $5.29 billion and a price-to-earnings ratio of 20.31. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.60.

LandBridge Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Thursday, March 6th. LandBridge's dividend payout ratio is currently 11.24%.

Wall Street Analyst Weigh In

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

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.