6,864 Shares in LandBridge Co LLC (NYSE:LB) Acquired by Atlas Wealth Partners LLC

Atlas Wealth Partners LLC purchased a new position in shares of LandBridge Co LLC (NYSE:LB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,864 shares of the company’s stock, valued at approximately $443,000. LandBridge comprises 0.6% of Atlas Wealth Partners LLC’s holdings, making the stock its 25th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new position in LandBridge during the 3rd quarter worth approximately $31,000. KBC Group NV purchased a new position in shares of LandBridge in the 4th quarter valued at approximately $72,000. BNP Paribas Financial Markets purchased a new position in shares of LandBridge in the 3rd quarter valued at approximately $168,000. Axxcess Wealth Management LLC purchased a new position in shares of LandBridge in the 3rd quarter valued at approximately $218,000. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of LandBridge in the 4th quarter valued at approximately $234,000.

Analyst Upgrades and Downgrades

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

LandBridge Stock Down 3.2 %

Shares of LB stock opened at $71.13 on Wednesday. The stock has a fifty day moving average price of $67.15 and a 200 day moving average price of $54.68. LandBridge Co LLC has a 1 year low of $18.75 and a 1 year high of $84.70. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.60.

LandBridge Company 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.