Sandbox Financial Partners LLC Acquires New Shares in LandBridge Co LLC (NYSE:LB)

Sandbox Financial Partners LLC bought a new position in shares of LandBridge Co LLC (NYSE:LB) during the 4th quarter, HoldingsChannel reports. The firm bought 9,867 shares of the company’s stock, valued at approximately $637,000.

A number of other large investors have also recently made changes to their positions in the stock. Centiva Capital LP boosted its position in shares of LandBridge by 4.7% in the third quarter. Centiva Capital LP now owns 9,527 shares of the company’s stock valued at $373,000 after acquiring an additional 427 shares during the period. nVerses Capital LLC purchased a new stake in LandBridge in the 3rd quarter worth approximately $31,000. M&R Capital Management Inc. bought a new position in LandBridge in the 3rd quarter valued at $39,000. BNP Paribas Financial Markets purchased a new position in shares of LandBridge during the 3rd quarter valued at $168,000. Finally, Axxcess Wealth Management LLC bought a new position in shares of LandBridge in the third quarter worth $218,000.

LandBridge Stock Down 0.6 %

LB stock opened at $74.83 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.73 and a quick ratio of 0.73. LandBridge Co LLC has a one year low of $18.75 and a one year high of $80.82. The company’s 50 day moving average price is $67.51 and its two-hundred day moving average price is $49.50.

LandBridge Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Thursday, December 5th.

Analyst Ratings Changes

Several equities analysts recently commented on the company. The Goldman Sachs Group restated a “buy” rating and set a $71.00 target price on shares of LandBridge in a research report on Friday, January 3rd. Barclays boosted their price objective on LandBridge from $38.00 to $79.00 and gave the stock an “equal weight” rating in a report on Friday. 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 note on Monday, November 25th. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a $25.00 price target on shares of LandBridge in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.67.

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.