Schwartz Investment Counsel Inc. Grows Stock Position in LandBridge Co LLC (NYSE:LB)

Schwartz Investment Counsel Inc. boosted its stake in shares of LandBridge Co LLC (NYSE:LB) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 426,568 shares of the company’s stock after purchasing an additional 4,400 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in LandBridge were worth $27,556,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LB. nVerses Capital LLC acquired a new position in shares of LandBridge during the third quarter worth about $31,000. KBC Group NV acquired a new stake in shares of LandBridge in the 4th quarter valued at $72,000. Stratos Wealth Partners LTD. acquired a new position in shares of LandBridge during the fourth quarter worth $234,000. BNP Paribas Financial Markets purchased a new position in LandBridge in the third quarter valued at $168,000. Finally, Segment Wealth Management LLC acquired a new stake in LandBridge in the fourth quarter valued at $323,000.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LB. Raymond James raised their target price on LandBridge from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Piper Sandler upped their target price on shares of LandBridge from $39.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, November 25th. The Goldman Sachs Group reissued a “buy” rating and issued a $71.00 price target on shares of LandBridge in a research report on Friday, January 3rd. Barclays lifted their target price on LandBridge from $38.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Finally, Royal Bank of Canada restated an “underperform” rating and set a $25.00 price target on shares of LandBridge in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.33.

LandBridge Stock Performance

LandBridge stock opened at $71.13 on Wednesday. The business has a 50 day simple moving average of $67.15 and a 200-day simple moving average of $54.68. LandBridge Co LLC has a 12 month low of $18.75 and a 12 month high of $84.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.73 and a current ratio of 0.73.

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.