Swiss National Bank Buys Shares of 25,100 LandBridge Co LLC (NYSE:LB)

Swiss National Bank purchased a new position in shares of LandBridge Co LLC (NYSE:LB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 25,100 shares of the company’s stock, valued at approximately $1,621,000.

Several other institutional investors have also recently made changes to their positions in LB. Fairway Wealth LLC acquired a new stake in LandBridge during the fourth quarter worth $50,000. KBC Group NV acquired a new stake in shares of LandBridge during the 4th quarter worth about $72,000. Blue Trust Inc. purchased a new stake in LandBridge in the 4th quarter valued at about $110,000. Canton Hathaway LLC acquired a new position in LandBridge in the fourth quarter valued at about $211,000. Finally, Stratos Wealth Partners LTD. purchased a new position in LandBridge during the fourth quarter worth about $234,000.

Wall Street Analysts Forecast Growth

LB has been the topic of several recent analyst reports. Barclays upped their price objective on shares of LandBridge from $79.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, March 21st. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $25.00 price objective on shares of LandBridge in a research note on Tuesday, December 10th. 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. Raymond James lifted their target price on LandBridge from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, Piper Sandler reduced their price target on shares of LandBridge from $79.00 to $70.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $59.44.

LandBridge Stock Down 8.8 %

Shares of NYSE:LB opened at $69.57 on Friday. LandBridge Co LLC has a fifty-two week low of $18.75 and a fifty-two week high of $84.70. The firm’s 50 day moving average price is $70.41 and its 200 day moving average price is $62.56. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.60. The stock has a market cap of $5.09 billion and a price-to-earnings ratio of 19.54.

LandBridge Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.57%. LandBridge’s payout ratio is 11.24%.

About LandBridge

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.