Swiss National Bank Invests $1.62 Million in LandBridge Co LLC (NYSE:LB)

Swiss National Bank purchased a new stake in LandBridge Co LLC (NYSE:LB) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 25,100 shares of the company’s stock, valued at approximately $1,621,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LB. Fairway Wealth LLC acquired a new position in shares of LandBridge in the 4th quarter valued at $50,000. KBC Group NV acquired a new position in LandBridge in the fourth quarter valued at $72,000. Blue Trust Inc. purchased a new position in shares of LandBridge during the fourth quarter worth about $110,000. BNP Paribas Financial Markets acquired a new stake in shares of LandBridge during the third quarter worth about $168,000. Finally, Canton Hathaway LLC purchased a new stake in shares of LandBridge in the 4th quarter valued at about $211,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wells Fargo & Company set a $82.00 price objective on LandBridge and gave the company an “overweight” rating in a research note on Friday, March 7th. Raymond James increased their target price on shares of LandBridge from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $25.00 price objective on shares of LandBridge in a research note on Tuesday, December 10th. Piper Sandler decreased their price objective on LandBridge from $79.00 to $70.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Finally, Barclays upped their price target on LandBridge from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.44.

LandBridge Trading Down 8.8 %

NYSE:LB opened at $69.57 on Friday. LandBridge Co LLC has a 1 year low of $18.75 and a 1 year high of $84.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a fifty day moving average price of $70.41 and a two-hundred day moving average price of $62.56. The stock has a market capitalization of $5.09 billion and a price-to-earnings ratio of 19.54.

LandBridge Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.10 dividend. The ex-dividend date was Thursday, March 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.57%. LandBridge’s dividend payout ratio is presently 11.24%.

About LandBridge

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.