LandBridge Company LLC $LB Shares Acquired by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. grew its stake in LandBridge Company LLC (NYSE:LB) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 519,668 shares of the company’s stock after purchasing an additional 8,400 shares during the period. Schwartz Investment Counsel Inc. owned approximately 0.68% of LandBridge worth $35,119,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. US Bancorp DE acquired a new position in shares of LandBridge in the first quarter valued at approximately $28,000. Uniplan Investment Counsel Inc. acquired a new position in shares of LandBridge in the first quarter valued at approximately $30,000. Banque Transatlantique SA acquired a new position in shares of LandBridge in the first quarter valued at approximately $34,000. Deutsche Bank AG acquired a new position in shares of LandBridge in the first quarter valued at approximately $55,000. Finally, Avondale Wealth Management acquired a new position in shares of LandBridge in the second quarter valued at approximately $81,000.

LandBridge Stock Up 3.4%

LB opened at $55.88 on Tuesday. The business’s fifty day moving average is $53.23 and its two-hundred day moving average is $62.54. The company has a debt-to-equity ratio of 0.54, a quick ratio of 4.26 and a current ratio of 4.26. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 15.70 and a beta of 0.14. LandBridge Company LLC has a one year low of $48.55 and a one year high of $87.60.

LandBridge Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, September 4th. LandBridge’s payout ratio is presently 11.24%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LB shares. 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. Raymond James Financial decreased their price target on LandBridge from $85.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Wells Fargo & Company decreased their price target on LandBridge from $93.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday. Barclays decreased their price target on LandBridge from $66.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th. Finally, Zacks Research downgraded LandBridge from a “hold” rating to a “strong sell” rating in a research note on Friday, October 10th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, LandBridge currently has a consensus rating of “Hold” and a consensus price target of $65.17.

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.