Atlas Wealth Partners LLC Increases Stock Holdings in LandBridge Company LLC $LB

Atlas Wealth Partners LLC boosted its holdings in LandBridge Company LLC (NYSE:LB) by 90.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,038 shares of the company’s stock after acquiring an additional 16,623 shares during the period. LandBridge accounts for about 1.9% of Atlas Wealth Partners LLC’s investment portfolio, making the stock its 11th largest position. Atlas Wealth Partners LLC’s holdings in LandBridge were worth $1,869,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. lifted its holdings in shares of LandBridge by 28.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 4,521 shares of the company’s stock valued at $241,000 after purchasing an additional 1,001 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of LandBridge during the 3rd quarter worth approximately $1,842,000. Schwartz Investment Counsel Inc. raised its position in shares of LandBridge by 11.6% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 579,763 shares of the company’s stock worth $30,930,000 after purchasing an additional 60,095 shares during the last quarter. Cortland Associates Inc. MO lifted its stake in LandBridge by 172.0% in the 3rd quarter. Cortland Associates Inc. MO now owns 412,443 shares of the company’s stock valued at $22,004,000 after buying an additional 260,812 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in LandBridge during the 3rd quarter valued at $427,000.

LandBridge Stock Performance

NYSE:LB opened at $60.47 on Monday. The company has a market cap of $4.71 billion, a P/E ratio of 86.39 and a beta of 0.43. The firm’s 50 day moving average is $55.05 and its two-hundred day moving average is $55.90. LandBridge Company LLC has a fifty-two week low of $43.75 and a fifty-two week high of $87.60. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.52.

LandBridge (NYSE:LB) last issued its earnings results on Wednesday, November 12th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.44). LandBridge had a return on equity of 4.63% and a net margin of 13.72%.The firm had revenue of $50.83 million during the quarter, compared to analysts’ expectations of $49.13 million. Analysts expect that LandBridge Company LLC will post 0.99 EPS for the current year.

LandBridge Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a $0.10 dividend. The ex-dividend date was Thursday, December 4th. This represents a $0.40 annualized dividend and a yield of 0.7%. LandBridge’s dividend payout ratio (DPR) is presently 57.14%.

Insider Buying and Selling at LandBridge

In related news, Director Point Energy Fund Aiv- Five II sold 2,500,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $70.00, for a total transaction of $175,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jason Thomas Long purchased 2,143 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was bought at an average price of $46.59 per share, with a total value of $99,842.37. Following the completion of the acquisition, the insider owned 223,546 shares in the company, valued at $10,415,008.14. This represents a 0.97% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 3,542 shares of company stock valued at $164,630 over the last ninety days. Corporate insiders own 70.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. UBS Group reaffirmed a “neutral” rating and set a $65.00 price objective on shares of LandBridge in a research note on Monday, November 24th. Raymond James Financial lowered shares of LandBridge from a “moderate buy” rating to a “strong sell” rating in a report on Friday, December 5th. Piper Sandler raised their price target on shares of LandBridge from $55.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, November 24th. Weiss Ratings reissued a “hold (c)” rating on shares of LandBridge in a research report on Friday, January 9th. Finally, Janney Montgomery Scott downgraded shares of LandBridge from a “buy” rating to a “neutral” rating in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $73.33.

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. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.