Atlas Wealth Partners LLC Buys Shares of 6,864 LandBridge Co LLC (NYSE:LB)

Atlas Wealth Partners LLC bought a new stake in LandBridge Co LLC (NYSE:LB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,864 shares of the company’s stock, valued at approximately $443,000. LandBridge makes up 0.6% of Atlas Wealth Partners LLC’s holdings, making the stock its 25th biggest position.

Other large investors also recently added to or reduced their stakes in the company. Centiva Capital LP grew its holdings in shares of LandBridge by 4.7% during the 3rd quarter. Centiva Capital LP now owns 9,527 shares of the company’s stock worth $373,000 after purchasing an additional 427 shares during the period. nVerses Capital LLC purchased a new position in shares of LandBridge during the 3rd quarter worth $31,000. Mad River Investors grew its holdings in shares of LandBridge by 0.4% during the 4th quarter. Mad River Investors now owns 233,452 shares of the company’s stock worth $15,081,000 after purchasing an additional 902 shares during the period. KBC Group NV purchased a new position in shares of LandBridge during the 4th quarter worth $72,000. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of LandBridge during the 4th quarter worth $234,000.

LandBridge Stock Performance

Shares of NYSE LB opened at $71.13 on Wednesday. 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 fifty-two week low of $18.75 and a fifty-two week high of $84.70. The stock’s 50-day simple moving average is $67.15 and its 200-day simple moving average is $54.68.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LB shares. Raymond James increased their target price on LandBridge from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Barclays increased their target price on LandBridge from $38.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Piper Sandler increased their target price on LandBridge from $39.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. Royal Bank of Canada reissued an “underperform” rating and set a $25.00 target price on shares of LandBridge in a research note on Tuesday, December 10th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $71.00 price target on shares of LandBridge in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.