Sandbox Financial Partners LLC Has $656,000 Holdings in LandBridge Co LLC (NYSE:LB)

Sandbox Financial Partners LLC cut its stake in shares of LandBridge Co LLC (NYSE:LB) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,117 shares of the company’s stock after selling 750 shares during the period. Sandbox Financial Partners LLC’s holdings in LandBridge were worth $656,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in shares of LandBridge in the fourth quarter worth $50,000. Generali Investments Management Co LLC bought a new stake in shares of LandBridge in the fourth quarter worth $52,000. KBC Group NV bought a new stake in shares of LandBridge in the fourth quarter worth $72,000. Comerica Bank grew its stake in shares of LandBridge by 29.7% in the fourth quarter. Comerica Bank now owns 1,158 shares of the company’s stock worth $75,000 after purchasing an additional 265 shares during the last quarter. Finally, Blue Trust Inc. bought a new stake in shares of LandBridge in the fourth quarter worth $110,000.

Analysts Set New Price Targets

Several analysts recently weighed in on LB shares. Johnson Rice cut shares of LandBridge from a “buy” rating to an “accumulate” rating in a research note on Wednesday, May 21st. The Goldman Sachs Group upped their price target on shares of LandBridge from $73.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, March 26th. Piper Sandler cut their price target on shares of LandBridge from $79.00 to $70.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Barclays upped their price target on shares of LandBridge from $79.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, March 21st. Finally, Wells Fargo & Company upped their price target on shares of LandBridge from $82.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, LandBridge presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.67.

LandBridge Price Performance

LB stock opened at $71.91 on Friday. The stock has a market capitalization of $5.26 billion and a PE ratio of 20.20. The company’s 50-day moving average is $72.42 and its 200-day moving average is $70.20. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.73 and a quick ratio of 0.73. LandBridge Co LLC has a 1 year low of $18.75 and a 1 year high of $87.60.

LandBridge Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.56%. LandBridge’s dividend payout ratio (DPR) is presently 11.24%.

Insider Transactions at LandBridge

In other news, Director David N. Capobianco sold 1,900,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $75.25, for a total transaction of $142,975,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 70.42% of the company’s stock.

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.