236,475 Shares in LandBridge Co LLC (NYSE:LB) Bought by Boston Financial Mangement LLC

Boston Financial Mangement LLC acquired a new stake in shares of LandBridge Co LLC (NYSE:LB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 236,475 shares of the company’s stock, valued at approximately $15,276,000. Boston Financial Mangement LLC owned about 0.32% of LandBridge as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LB. nVerses Capital LLC bought a new stake in shares of LandBridge during the 3rd quarter worth approximately $31,000. KBC Group NV purchased a new stake in LandBridge in the fourth quarter worth $72,000. Blue Trust Inc. bought a new stake in shares of LandBridge during the fourth quarter worth $110,000. BNP Paribas Financial Markets purchased a new stake in shares of LandBridge during the third quarter valued at $168,000. Finally, Axxcess Wealth Management LLC bought a new position in shares of LandBridge in the third quarter worth about $218,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Piper Sandler lifted their price objective on shares of LandBridge from $39.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Barclays lifted their price target on shares of LandBridge from $38.00 to $79.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. The Goldman Sachs Group reissued a “buy” rating and issued a $71.00 price objective on shares of LandBridge in a research note on Friday, January 3rd. Royal Bank of Canada reiterated an “underperform” rating and issued a $25.00 target price on shares of LandBridge in a report on Tuesday, December 10th. Finally, Raymond James raised their price target on LandBridge from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $53.33.

LandBridge Price Performance

Shares of NYSE LB opened at $73.47 on Thursday. The business has a fifty day moving average price of $67.83 and a 200 day moving average price of $56.15. 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.

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.