LandBridge Company LLC $LB Shares Sold by One Charles Private Wealth Services LLC

One Charles Private Wealth Services LLC cut its holdings in LandBridge Company LLC (NYSE:LB) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 236,707 shares of the company’s stock after selling 8,275 shares during the quarter. LandBridge makes up 3.0% of One Charles Private Wealth Services LLC’s portfolio, making the stock its 8th largest position. One Charles Private Wealth Services LLC’s holdings in LandBridge were worth $11,596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in shares of LandBridge by 110.6% in the second quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock valued at $27,000 after buying an additional 209 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in LandBridge in the fourth quarter worth about $51,000. Aquatic Capital Management LLC acquired a new stake in LandBridge in the third quarter worth about $63,000. Jones Financial Companies Lllp increased its position in LandBridge by 805.9% in the third quarter. Jones Financial Companies Lllp now owns 1,232 shares of the company’s stock worth $67,000 after purchasing an additional 1,096 shares during the period. Finally, Comerica Bank increased its position in LandBridge by 13.6% in the third quarter. Comerica Bank now owns 1,369 shares of the company’s stock worth $73,000 after purchasing an additional 164 shares during the period.

Insider Buying and Selling

In other LandBridge news, Director Charles L. Watson sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $75.00, for a total value of $975,000.00. Following the sale, the director owned 64,250 shares in the company, valued at approximately $4,818,750. The trade was a 16.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 53,350 shares of company stock valued at $3,974,555. Insiders own 70.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barclays lifted their price objective on LandBridge from $57.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, February 27th. Wells Fargo & Company lifted their price objective on LandBridge from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of LandBridge in a research report on Wednesday, April 8th. Piper Sandler restated a “neutral” rating and set a $66.00 target price (up from $65.00) on shares of LandBridge in a report on Friday, May 8th. Finally, The Goldman Sachs Group raised their target price on LandBridge from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $76.17.

LandBridge Trading Up 0.4%

NYSE:LB opened at $76.14 on Friday. LandBridge Company LLC has a fifty-two week low of $43.75 and a fifty-two week high of $85.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.15 and a quick ratio of 3.15. The stock has a market capitalization of $5.87 billion, a PE ratio of 78.49 and a beta of 0.14. The business’s 50-day simple moving average is $69.64 and its 200-day simple moving average is $63.33.

LandBridge (NYSE:LB) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.44). LandBridge had a net margin of 15.71% and a return on equity of 4.34%. The business had revenue of $51.01 million for the quarter, compared to the consensus estimate of $58.72 million. During the same quarter last year, the firm earned $0.37 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Sell-side analysts expect that LandBridge Company LLC will post 1.48 earnings per share for the current fiscal year.

LandBridge announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 25th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

LandBridge Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a $0.12 dividend. The ex-dividend date is Thursday, June 4th. This represents a $0.48 annualized dividend and a yield of 0.6%. LandBridge’s payout ratio is presently 49.48%.

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