Sei Investments Co. Invests $568,000 in LandBridge Co LLC (NYSE:LB)

Sei Investments Co. bought a new stake in LandBridge Co LLC (NYSE:LB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,791 shares of the company’s stock, valued at approximately $568,000.

Other large investors have also added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC raised its position in shares of LandBridge by 4.0% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 5,399,275 shares of the company’s stock valued at $348,793,000 after purchasing an additional 208,408 shares in the last quarter. Schwartz Investment Counsel Inc. increased its stake in shares of LandBridge by 1.0% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 426,568 shares of the company’s stock worth $27,556,000 after buying an additional 4,400 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in LandBridge in the fourth quarter valued at $20,928,000. Burkehill Global Management LP bought a new position in LandBridge during the 4th quarter valued at $15,262,000. Finally, Boston Financial Mangement LLC acquired a new position in LandBridge during the 4th quarter worth $15,276,000.

LandBridge Stock Performance

LB opened at $67.96 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.60. LandBridge Co LLC has a twelve month low of $18.75 and a twelve month high of $84.70. The business’s 50 day moving average is $69.27 and its 200-day moving average is $64.57. The stock has a market cap of $4.97 billion and a PE ratio of 19.09.

LandBridge Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.59%. The ex-dividend date was Thursday, March 6th. LandBridge’s payout ratio is currently 11.24%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Raymond James increased their price target on shares of LandBridge from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Barclays lifted their target price on LandBridge from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, March 21st. Wells Fargo & Company set a $82.00 price target on LandBridge and gave the company an “overweight” rating in a research report on Friday, March 7th. Piper Sandler decreased their price objective on shares of LandBridge from $79.00 to $70.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Finally, The Goldman Sachs Group increased their target price on shares of LandBridge from $73.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.44.

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.