LandBridge Co LLC (NYSE:LB) Shares Bought by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. increased its stake in LandBridge Co LLC (NYSE:LB) by 1.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 426,568 shares of the company’s stock after acquiring an additional 4,400 shares during the quarter. Schwartz Investment Counsel Inc. owned approximately 0.58% of LandBridge worth $27,556,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Centiva Capital LP raised its holdings in LandBridge by 4.7% in the 3rd 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 last quarter. nVerses Capital LLC acquired a new stake in shares of LandBridge in the third quarter valued at approximately $31,000. Mad River Investors lifted its position in LandBridge by 0.4% during the fourth quarter. Mad River Investors now owns 233,452 shares of the company’s stock worth $15,081,000 after buying an additional 902 shares in the last quarter. KBC Group NV purchased a new position in LandBridge during the fourth quarter worth approximately $72,000. Finally, Stratos Wealth Partners LTD. acquired a new position in LandBridge during the fourth quarter worth $234,000.

Analyst Upgrades and Downgrades

LB has been the subject of a number of recent research reports. Piper Sandler raised 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. Barclays lifted their target price on shares of LandBridge from $38.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Raymond James increased their price target on shares of LandBridge from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. The Goldman Sachs Group restated a “buy” rating and set a $71.00 price target on shares of LandBridge in a report on Friday, January 3rd. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $25.00 price objective on shares of LandBridge in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.33.

LandBridge Price Performance

NYSE LB opened at $71.13 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average of $67.15 and a two-hundred day moving average of $54.68. LandBridge Co LLC has a 1-year low of $18.75 and a 1-year high of $84.70.

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.