4,400 Shares in LandBridge Co LLC (NYSE:LB) Acquired by Mariner LLC

Mariner LLC bought a new stake in LandBridge Co LLC (NYSE:LB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,400 shares of the company’s stock, valued at approximately $284,000.

Several other large investors have also modified their holdings of LB. Horizon Kinetics Asset Management LLC lifted its stake in LandBridge by 4.0% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 5,399,275 shares of the company’s stock worth $348,793,000 after acquiring an additional 208,408 shares in the last quarter. Vanguard Group Inc. acquired a new stake in shares of LandBridge during the fourth quarter worth about $38,480,000. Schwartz Investment Counsel Inc. boosted 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 valued at $27,556,000 after purchasing an additional 4,400 shares during the period. Raymond James Financial Inc. acquired a new position in shares of LandBridge in the fourth quarter valued at approximately $20,928,000. Finally, Burkehill Global Management LP purchased a new stake in LandBridge during the 4th quarter worth approximately $15,262,000.

LandBridge Stock Performance

Shares of LB opened at $76.86 on Tuesday. The stock has a market capitalization of $5.62 billion and a P/E ratio of 21.59. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.73 and a current ratio of 0.73. LandBridge Co LLC has a 1 year low of $18.75 and a 1 year high of $84.70. The company’s fifty day moving average is $70.02 and its two-hundred day moving average is $67.76.

LandBridge Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Thursday, March 6th. LandBridge’s dividend payout ratio is presently 11.24%.

Analyst Upgrades and Downgrades

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