LandBridge Co LLC (NYSE:LB) Shares Bought by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. grew its position in LandBridge Co LLC (NYSE:LB) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,190 shares of the company’s stock after acquiring an additional 6,240 shares during the quarter. Tocqueville Asset Management L.P. owned approximately 0.12% of LandBridge worth $5,697,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fairway Wealth LLC bought a new stake in LandBridge during the fourth quarter valued at $50,000. KBC Group NV bought a new stake in shares of LandBridge during the 4th quarter valued at about $72,000. Blue Trust Inc. acquired a new stake in LandBridge during the fourth quarter worth about $110,000. Canton Hathaway LLC bought a new position in LandBridge in the fourth quarter worth about $211,000. Finally, Stratos Wealth Partners LTD. acquired a new position in LandBridge in the fourth quarter valued at approximately $234,000.

LandBridge Trading Down 1.8 %

Shares of NYSE:LB opened at $72.35 on Wednesday. The company has a 50 day moving average of $69.62 and a 200-day moving average of $60.55. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.60. The firm has a market cap of $5.29 billion and a P/E ratio of 20.32. 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 announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.55%. LandBridge’s dividend payout ratio (DPR) is 11.24%.

Analyst Ratings Changes

LB has been the topic of a number of research reports. Raymond James increased their price target on LandBridge from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Royal Bank of Canada reiterated an “underperform” rating and issued a $25.00 target price on shares of LandBridge in a research note on Tuesday, December 10th. Piper Sandler lowered their price target on shares of LandBridge from $79.00 to $70.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Wells Fargo & Company set a $82.00 price objective on shares of LandBridge and gave the company an “overweight” rating in a research report on Friday, March 7th. Finally, Barclays upped their target price on shares of LandBridge from $38.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $57.44.

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.