LandBridge Company LLC $LB Shares Bought by EagleClaw Capital Managment LLC

by · The Cerbat Gem

EagleClaw Capital Managment LLC lifted its holdings in shares of LandBridge Company LLC (NYSE:LB – Free Report) by 3.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 113,465 shares of the company’s stock after buying an additional 3,990 shares during the period. LandBridge accounts for approximately 1.1% of EagleClaw Capital Managment LLC’s holdings, making the stock its 29th largest holding. EagleClaw Capital Managment LLC’s holdings in LandBridge were worth $7,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the stock. Arizona State Retirement System acquired a new position in shares of LandBridge during the 1st quarter worth about $312,000. Stephens Inc. AR purchased a new stake in shares of LandBridge during the first quarter worth $681,000. Sigma Planning Corp purchased a new position in shares of LandBridge in the first quarter worth about $362,000. Pecaut & CO. grew its stake in LandBridge by 6.6% during the 1st quarter. Pecaut & CO. now owns 15,990 shares of the company’s stock valued at $1,150,000 after acquiring an additional 990 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of LandBridge by 83.1% during the 1st quarter. Private Advisor Group LLC now owns 7,351 shares of the company’s stock worth $529,000 after purchasing an additional 3,337 shares during the last quarter.

Wall Street Analyst Weigh In

LB has been the subject of a number of recent research reports. Barclays cut their target price on LandBridge from $66.00 to $57.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 14th. Raymond James Financial reduced their price target on shares of LandBridge from $85.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Piper Sandler decreased their price target on LandBridge from $70.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of LandBridge in a report on Tuesday, October 14th. Finally, Zacks Research upgraded shares of LandBridge from a “strong sell” rating to a “hold” rating in a report on Monday. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $65.17.

Get Our Latest Research Report on LandBridge

LandBridge Trading Down 5.1%

NYSE:LB opened at $81.16 on Thursday. The stock has a fifty day moving average price of $56.98 and a 200 day moving average price of $62.21. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.54. LandBridge Company LLC has a 12-month low of $48.55 and a 12-month high of $87.60. The firm has a market cap of $6.21 billion, a PE ratio of 159.13 and a beta of 0.15.

LandBridge Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, December 4th. LandBridge’s dividend payout ratio (DPR) is presently 78.43%.

About LandBridge

(Free Report)

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.

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