LandBridge Company LLC $LB Shares Purchased by one8zero8 LLC

one8zero8 LLC raised its position in shares of LandBridge Company LLC (NYSE:LB) by 30.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,042 shares of the company’s stock after purchasing an additional 15,430 shares during the quarter. one8zero8 LLC owned about 0.09% of LandBridge worth $3,523,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC boosted its stake in LandBridge by 110.6% during 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 in the last quarter. Generali Investments Management Co LLC bought a new position in shares of LandBridge during the 2nd quarter valued at about $117,000. Osaic Holdings Inc. grew its stake in shares of LandBridge by 12.5% in the 2nd quarter. Osaic Holdings Inc. now owns 2,701 shares of the company’s stock worth $183,000 after purchasing an additional 301 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of LandBridge in the 2nd quarter worth approximately $218,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of LandBridge in the 2nd quarter worth approximately $238,000.

LandBridge Trading Up 3.8%

NYSE LB opened at $58.57 on Thursday. The firm’s 50 day moving average price is $54.74 and its two-hundred day moving average price is $55.86. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.15 and a current ratio of 4.15. LandBridge Company LLC has a twelve month low of $43.75 and a twelve month high of $87.60. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 83.67 and a beta of 0.43.

LandBridge (NYSE:LB) last released its earnings results on Wednesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). LandBridge had a net margin of 13.72% and a return on equity of 4.63%. The business had revenue of $50.83 million during the quarter, compared to analysts’ expectations of $49.13 million. Equities analysts anticipate that LandBridge Company LLC will post 0.99 EPS for the current year.

LandBridge Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, December 4th. This represents a $0.40 dividend on an annualized basis and a yield of 0.7%. LandBridge’s dividend payout ratio (DPR) is presently 57.14%.

Insider Buying and Selling at LandBridge

In other LandBridge news, insider Jason Thomas Long bought 2,143 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were bought at an average price of $46.59 per share, for a total transaction of $99,842.37. Following the acquisition, the insider directly owned 223,546 shares of the company’s stock, valued at approximately $10,415,008.14. This trade represents a 0.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Point Energy Fund Aiv- Five II sold 2,500,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $70.00, for a total transaction of $175,000,000.00. The disclosure for this sale is available in the SEC filing. Insiders have acquired a total of 3,542 shares of company stock valued at $164,630 in the last 90 days. 70.42% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LB has been the subject of a number of research reports. Janney Montgomery Scott cut shares of LandBridge from a “buy” rating to a “neutral” rating in a report on Thursday, November 13th. UBS Group reissued a “neutral” rating and set a $65.00 price objective on shares of LandBridge in a research note on Monday, November 24th. Zacks Research cut LandBridge from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LandBridge in a research report on Friday, January 9th. Finally, Raymond James Financial lowered LandBridge from a “moderate buy” rating to a “strong sell” rating in a research report on Friday, December 5th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $73.33.

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