3,260 Shares in LandBridge Co LLC (NYSE:LB) Acquired by Canton Hathaway LLC

Canton Hathaway LLC bought a new position in shares of LandBridge Co LLC (NYSE:LB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,260 shares of the company’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James & Associates increased its holdings in shares of LandBridge by 9.2% in the 3rd quarter. Raymond James & Associates now owns 229,350 shares of the company’s stock worth $8,972,000 after buying an additional 19,350 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of LandBridge in the 3rd quarter worth $1,836,000. Axxcess Wealth Management LLC bought a new position in shares of LandBridge in the 3rd quarter worth $218,000. OneDigital Investment Advisors LLC bought a new position in shares of LandBridge in the 3rd quarter worth $383,000. Finally, EagleClaw Capital Managment LLC bought a new position in shares of LandBridge in the 3rd quarter worth $920,000.

Wall Street Analyst Weigh In

LB has been the topic of a number of research analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $71.00 price target on shares of LandBridge in a report on Friday, January 3rd. Barclays increased their target price on shares of LandBridge from $38.00 to $79.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $25.00 target price on shares of LandBridge in a report on Tuesday, December 10th. Raymond James increased their target price on shares of LandBridge from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, Piper Sandler increased 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. One 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.33.

LandBridge Trading Up 0.3 %

Shares of LB opened at $65.40 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a fifty day simple moving average of $68.31 and a two-hundred day simple moving average of $57.09. LandBridge Co LLC has a twelve month low of $18.75 and a twelve month high of $84.70.

LandBridge Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 0.61%.

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.