40,000 Shares in LandBridge Company LLC $LB Acquired by Viking Fund Management LLC

Viking Fund Management LLC purchased a new position in LandBridge Company LLC (NYSE:LB) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 40,000 shares of the company’s stock, valued at approximately $2,134,000. Viking Fund Management LLC owned approximately 0.05% of LandBridge as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amundi acquired a new position in LandBridge in the first quarter worth $5,763,000. Kingswood Wealth Advisors LLC raised its holdings in shares of LandBridge by 50.9% during the second quarter. Kingswood Wealth Advisors LLC now owns 44,891 shares of the company’s stock valued at $3,034,000 after buying an additional 15,136 shares during the last quarter. Vanguard Group Inc. boosted its position in LandBridge by 17.1% during the 1st quarter. Vanguard Group Inc. now owns 697,748 shares of the company’s stock worth $50,196,000 after acquiring an additional 102,085 shares during the period. First Manhattan CO. LLC. grew its stake in shares of LandBridge by 3.1% in the first quarter. First Manhattan CO. LLC. now owns 2,798,207 shares of the company’s stock worth $201,303,000 after purchasing an additional 84,701 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in shares of LandBridge by 69.7% during the first quarter. LPL Financial LLC now owns 17,829 shares of the company’s stock valued at $1,283,000 after purchasing an additional 7,320 shares during the period.

Analyst Upgrades and Downgrades

LB has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LandBridge in a report on Tuesday, October 14th. Wells Fargo & Company decreased their price objective on shares of LandBridge from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Janney Montgomery Scott cut LandBridge from a “buy” rating to a “neutral” rating in a report on Thursday, November 13th. UBS Group restated a “neutral” rating and issued a $65.00 target price on shares of LandBridge in a research report on Monday, November 24th. Finally, Piper Sandler lifted their price target on LandBridge from $55.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $73.33.

Insider Transactions at LandBridge

In other LandBridge news, Director Point Energy Fund Aiv- Five II sold 2,500,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $70.00, for a total transaction of $175,000,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 70.42% of the company’s stock.

LandBridge Stock Performance

LB opened at $52.62 on Friday. The business has a fifty day simple moving average of $59.56 and a 200-day simple moving average of $58.72. The firm has a market cap of $4.10 billion, a PE ratio of 75.17 and a beta of 0.25. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.52. LandBridge Company LLC has a fifty-two week low of $48.55 and a fifty-two week high of $87.60.

LandBridge (NYSE:LB) last announced its earnings results on Wednesday, November 12th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.44). The company had revenue of $50.83 million for the quarter, compared to analysts’ expectations of $49.13 million. LandBridge had a net margin of 13.72% and a return on equity of 4.63%. As a group, equities analysts predict that LandBridge Company LLC will post 0.99 EPS for the current fiscal year.

LandBridge Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a $0.10 dividend. The ex-dividend date was Thursday, December 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. LandBridge’s dividend payout ratio is presently 57.14%.

LandBridge Company 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. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.