Yaupon Capital Management LP Sells 20,187 Shares of LandBridge Co LLC (NYSE:LB)

Yaupon Capital Management LP cut its holdings in shares of LandBridge Co LLC (NYSE:LB - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 249,875 shares of the company's stock after selling 20,187 shares during the period. Yaupon Capital Management LP owned approximately 0.34% of LandBridge worth $16,142,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. purchased a new stake in LandBridge during the fourth quarter valued at about $38,480,000. Raymond James Financial Inc. acquired a new stake in shares of LandBridge during the fourth quarter valued at approximately $20,928,000. Burkehill Global Management LP purchased a new stake in shares of LandBridge in the 4th quarter valued at approximately $15,262,000. Boston Financial Mangement LLC acquired a new position in LandBridge in the 4th quarter worth approximately $15,276,000. Finally, Horizon Kinetics Asset Management LLC grew its position in LandBridge by 4.0% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 5,399,275 shares of the company's stock worth $348,793,000 after purchasing an additional 208,408 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently commented on the company. Raymond James raised their target price on LandBridge from $80.00 to $85.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Barclays lifted 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. Piper Sandler reduced their price target on shares of 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 objective on shares of LandBridge and gave the company an "overweight" rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group lifted their target price on shares of LandBridge from $73.00 to $88.00 and gave the company a "buy" rating in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $59.44.

LandBridge Stock Up 0.1 %

NYSE:LB traded up $0.10 during trading hours on Friday, reaching $71.92. The company's stock had a trading volume of 229,828 shares, compared to its average volume of 505,768. LandBridge Co LLC has a one year low of $18.75 and a one year high of $84.70. The business's 50-day moving average is $69.03 and its 200-day moving average is $66.77. 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 market cap of $5.26 billion and a price-to-earnings ratio of 20.20.

LandBridge Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, March 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.56%. LandBridge's payout ratio is currently 11.24%.

About LandBridge

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.