EagleClaw Capital Managment LLC Has $6.41 Million Position in LandBridge Co LLC (NYSE:LB)

EagleClaw Capital Managment LLC grew its position in LandBridge Co LLC (NYSE:LB) by 321.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,225 shares of the company’s stock after purchasing an additional 75,700 shares during the period. EagleClaw Capital Managment LLC’s holdings in LandBridge were worth $6,410,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of LB. KBC Group NV bought a new stake in shares of LandBridge during the fourth quarter worth $72,000. Blue Trust Inc. bought a new stake in shares of LandBridge during the fourth quarter worth $110,000. BNP Paribas Financial Markets bought a new stake in shares of LandBridge during the third quarter worth $168,000. Canton Hathaway LLC bought a new stake in shares of LandBridge during the fourth quarter worth $211,000. Finally, Axxcess Wealth Management LLC bought a new stake in shares of LandBridge during the third quarter worth $218,000.

LandBridge Price Performance

LB opened at $61.20 on Friday. The firm has a market cap of $4.48 billion and a P/E ratio of 17.19. The firm has a 50-day moving average of $69.30 and a 200 day moving average of $58.45. 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 Co LLC has a fifty-two week low of $18.75 and a fifty-two week high of $84.70.

LandBridge Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.65%. LandBridge’s dividend payout ratio is presently 11.24%.

Analysts Set New Price Targets

LB has been the subject of a number of analyst reports. 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. Piper Sandler raised their target price 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. Royal Bank of Canada reissued an “underperform” rating and issued a $25.00 price objective on shares of LandBridge in a research report on Tuesday, December 10th. Barclays raised their target price on shares of LandBridge from $38.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Finally, Raymond James lifted their price objective on shares of LandBridge from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, LandBridge has a consensus rating of “Moderate Buy” and a consensus target price of $53.33.

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.