LandBridge Company LLC $LB Shares Purchased by Atlas Wealth Partners LLC

Atlas Wealth Partners LLC boosted its stake in LandBridge Company LLC (NYSE:LB) by 90.3% in the third quarter, Holdings Channel reports. The fund owned 35,038 shares of the company’s stock after buying an additional 16,623 shares during the quarter. LandBridge makes up about 1.9% of Atlas Wealth Partners LLC’s holdings, making the stock its 11th biggest holding. Atlas Wealth Partners LLC’s holdings in LandBridge were worth $1,869,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC boosted 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 purchasing an additional 209 shares during the period. Avondale Wealth Management purchased a new position in LandBridge in the 2nd quarter valued at about $81,000. Generali Investments Management Co LLC acquired a new stake in shares of LandBridge during the second quarter valued at about $117,000. Osaic Holdings Inc. increased its position in shares of LandBridge by 12.5% during the second quarter. Osaic Holdings Inc. now owns 2,701 shares of the company’s stock worth $183,000 after acquiring an additional 301 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of LandBridge by 9.4% in the third quarter. Geneos Wealth Management Inc. now owns 3,880 shares of the company’s stock worth $207,000 after acquiring an additional 335 shares in the last quarter.

Analyst Upgrades and Downgrades

LB has been the subject of a number of recent analyst reports. Piper Sandler raised their price objective on LandBridge from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, November 24th. Janney Montgomery Scott cut LandBridge from a “buy” rating to a “neutral” rating in a research note on Thursday, November 13th. Wells Fargo & Company dropped their price target on shares of LandBridge from $91.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Zacks Research raised shares of LandBridge from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Finally, UBS Group reissued a “neutral” rating and set a $65.00 price objective on shares of LandBridge in a report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $73.33.

Insider Transactions at LandBridge

In related news, Director Point Energy Fund Aiv- Five II sold 2,500,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $70.00, for a total transaction of $175,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jason Thomas Long bought 2,143 shares of the company’s stock in a transaction on Monday, January 5th. The stock was bought at an average cost of $46.59 per share, for a total transaction of $99,842.37. Following the completion of the transaction, the insider directly owned 223,546 shares of the company’s stock, valued at $10,415,008.14. This trade represents a 0.97% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 3,542 shares of company stock worth $164,630. 70.42% of the stock is currently owned by company insiders.

LandBridge Stock Up 1.2%

LB stock opened at $60.47 on Monday. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 86.39 and a beta of 0.43. LandBridge Company LLC has a 1-year low of $43.75 and a 1-year high of $87.60. The firm has a fifty day moving average price of $55.05 and a two-hundred day moving average price of $55.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.15 and a quick ratio of 4.15.

LandBridge (NYSE:LB) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.44). LandBridge had a net margin of 13.72% and a return on equity of 4.63%. The business had revenue of $50.83 million during the quarter, compared to analyst estimates of $49.13 million. Research analysts predict that LandBridge Company LLC will post 0.99 EPS for the current year.

LandBridge Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. LandBridge’s dividend payout ratio is 57.14%.

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