Sandbox Financial Partners LLC Buys Shares of 9,867 LandBridge Co LLC (NYSE:LB)

Sandbox Financial Partners LLC bought a new position in LandBridge Co LLC (NYSE:LB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,867 shares of the company’s stock, valued at approximately $637,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LB. nVerses Capital LLC bought a new position in shares of LandBridge during the third quarter valued at $31,000. M&R Capital Management Inc. acquired a new position in shares of LandBridge during the 3rd quarter valued at $39,000. BNP Paribas Financial Markets bought a new position in LandBridge during the third quarter worth $168,000. Axxcess Wealth Management LLC acquired a new stake in LandBridge in the third quarter worth $218,000. Finally, Requisite Capital Management LLC bought a new stake in LandBridge in the third quarter valued at $293,000.

LandBridge Trading Down 0.6 %

LB stock opened at $74.83 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.73 and a quick ratio of 0.73. The stock’s fifty day simple moving average is $67.51 and its two-hundred day simple moving average is $49.50. LandBridge Co LLC has a 1-year low of $18.75 and a 1-year high of $80.82.

LandBridge Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.40 annualized dividend and a yield of 0.53%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $71.00 target price on shares of LandBridge in a research report on Friday, January 3rd. 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. Piper Sandler lifted their price target on shares of LandBridge from $39.00 to $79.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Finally, Barclays boosted their price objective on LandBridge from $38.00 to $79.00 and gave the stock an “equal weight” rating in a report on Friday. 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 target price of $47.67.

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.