Mad River Investors Increases Stock Holdings in LandBridge Co LLC (NYSE:LB)

Mad River Investors increased its stake in shares of LandBridge Co LLC (NYSE:LB) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 233,452 shares of the company’s stock after acquiring an additional 902 shares during the quarter. LandBridge comprises 7.0% of Mad River Investors’ investment portfolio, making the stock its 3rd biggest position. Mad River Investors’ holdings in LandBridge were worth $15,081,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. nVerses Capital LLC acquired a new position in shares of LandBridge in the 3rd quarter valued at approximately $31,000. M&R Capital Management Inc. bought a new position in LandBridge in the third quarter valued at about $39,000. BNP Paribas Financial Markets acquired a new position in LandBridge during the third quarter worth about $168,000. Axxcess Wealth Management LLC acquired a new stake in shares of LandBridge in the 3rd quarter valued at approximately $218,000. Finally, Requisite Capital Management LLC bought a new stake in shares of LandBridge during the 3rd quarter valued at approximately $293,000.

Analyst Ratings Changes

A number of equities analysts have issued reports on LB shares. Barclays upped their target price on LandBridge from $38.00 to $79.00 and gave the stock an “equal weight” rating in a report on Friday. Royal Bank of Canada reaffirmed an “underperform” rating and set a $25.00 target price on shares of LandBridge in a research report on Tuesday, December 10th. The Goldman Sachs Group reissued a “buy” rating and issued a $71.00 price target on shares of LandBridge in a research note on Friday, January 3rd. Finally, Piper Sandler boosted their price target on shares of LandBridge from $39.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.67.

LandBridge Trading Down 0.6 %

Shares of LB opened at $74.83 on Tuesday. LandBridge Co LLC has a 1 year low of $18.75 and a 1 year high of $80.82. The stock has a 50 day simple moving average of $67.67 and a two-hundred day simple moving average of $50.03. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.60.

LandBridge Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Thursday, December 5th.

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.