Jefferies Financial Group Inc. Buys New Stake in LandBridge Company LLC $LB

Jefferies Financial Group Inc. bought a new stake in LandBridge Company LLC (NYSE:LB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 58,477 shares of the company’s stock, valued at approximately $2,865,000.

Other large investors have also recently bought and sold shares of the company. NewEdge Advisors LLC increased its holdings in LandBridge by 110.6% in the second quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock valued at $27,000 after buying an additional 209 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in LandBridge in the fourth quarter valued at $51,000. Aquatic Capital Management LLC purchased a new position in LandBridge in the third quarter valued at $63,000. Jones Financial Companies Lllp increased its holdings in LandBridge by 805.9% in the third quarter. Jones Financial Companies Lllp now owns 1,232 shares of the company’s stock valued at $67,000 after buying an additional 1,096 shares during the last quarter. Finally, Comerica Bank increased its holdings in LandBridge by 13.6% in the third quarter. Comerica Bank now owns 1,369 shares of the company’s stock valued at $73,000 after buying an additional 164 shares during the last quarter.

Wall Street Analysts Forecast Growth

LB has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of LandBridge in a report on Wednesday, April 8th. Wells Fargo & Company increased their target price on LandBridge from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. Zacks Research lowered LandBridge from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Piper Sandler reissued a “neutral” rating and issued a $66.00 target price (up from $65.00) on shares of LandBridge in a report on Friday, May 8th. Finally, The Goldman Sachs Group increased their target price on LandBridge from $69.00 to $84.00 and gave the company a “buy” rating in a report on Friday, March 13th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $76.17.

Insider Activity

In other LandBridge news, Director Charles L. Watson sold 30,680 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $74.07, for a total transaction of $2,272,467.60. Following the transaction, the director owned 86,920 shares of the company’s stock, valued at approximately $6,438,164.40. This trade represents a 26.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 53,350 shares of company stock worth $3,974,555 over the last 90 days. Company insiders own 70.42% of the company’s stock.

LandBridge Stock Performance

Shares of LB stock opened at $73.30 on Wednesday. The stock’s 50-day moving average is $69.89 and its two-hundred day moving average is $63.68. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 75.57 and a beta of 0.14. LandBridge Company LLC has a 1 year low of $43.75 and a 1 year high of $85.60. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.15 and a current ratio of 3.15.

LandBridge (NYSE:LB) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.44). The firm had revenue of $51.01 million for the quarter, compared to analysts’ expectations of $58.72 million. LandBridge had a return on equity of 4.34% and a net margin of 15.71%.The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 EPS. Analysts predict that LandBridge Company LLC will post 1.48 earnings per share for the current year.

LandBridge Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.48 annualized dividend and a dividend yield of 0.7%. LandBridge’s dividend payout ratio (DPR) is presently 49.48%.

LandBridge declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 25th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

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