One Charles Private Wealth Services LLC Boosts Holdings in LandBridge Company LLC $LB

One Charles Private Wealth Services LLC increased its holdings in LandBridge Company LLC (NYSE:LB) by 37.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 244,982 shares of the company’s stock after buying an additional 66,806 shares during the period. LandBridge accounts for 3.4% of One Charles Private Wealth Services LLC’s investment portfolio, making the stock its 8th biggest position. One Charles Private Wealth Services LLC’s holdings in LandBridge were worth $13,070,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC raised its holdings in LandBridge by 110.6% during the 2nd quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock valued at $27,000 after acquiring an additional 209 shares during the period. Geode Capital Management LLC grew its position in shares of LandBridge by 0.8% in the second quarter. Geode Capital Management LLC now owns 28,971 shares of the company’s stock valued at $1,958,000 after purchasing an additional 230 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of LandBridge by 12.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,701 shares of the company’s stock valued at $183,000 after purchasing an additional 301 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of LandBridge by 9.4% during the 3rd quarter. Geneos Wealth Management Inc. now owns 3,880 shares of the company’s stock valued at $207,000 after purchasing an additional 335 shares during the period. Finally, Arizona State Retirement System lifted its holdings in LandBridge by 9.7% during the 3rd quarter. Arizona State Retirement System now owns 5,582 shares of the company’s stock worth $298,000 after purchasing an additional 493 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have weighed in on LB. Raymond James Financial lowered LandBridge from a “moderate buy” rating to a “strong sell” rating in a report on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LandBridge in a research note on Friday, January 9th. Piper Sandler upped their target price on shares of LandBridge from $55.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, November 24th. Barclays increased their target price on shares of LandBridge from $57.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, February 27th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $65.00 price target on shares of LandBridge in a report on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $76.33.

Insider Buying and Selling at LandBridge

In related news, insider Jason Thomas Long acquired 2,143 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was bought at an average cost of $46.59 per share, with a total value of $99,842.37. Following the acquisition, the insider owned 223,546 shares of the company’s stock, valued at approximately $10,415,008.14. The trade was a 0.97% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Harrison Fenner Bolling bought 850 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was bought at an average price of $46.84 per share, with a total value of $39,814.00. Following the completion of the transaction, the insider directly owned 66,874 shares of the company’s stock, valued at $3,132,378.16. This represents a 1.29% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 3,542 shares of company stock worth $164,630. Corporate insiders own 70.42% of the company’s stock.

LandBridge Stock Down 1.1%

LB stock opened at $73.18 on Wednesday. The company’s 50 day moving average is $58.21 and its 200 day moving average is $57.23. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 77.85 and a beta of 0.11. The company has a current ratio of 4.87, a quick ratio of 4.87 and a debt-to-equity ratio of 0.70. LandBridge Company LLC has a 1-year low of $43.75 and a 1-year high of $87.60.

LandBridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.12 per share. This is an increase from LandBridge’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, March 5th. This represents a $0.48 annualized dividend and a dividend yield of 0.7%. LandBridge’s dividend payout ratio is 42.55%.

LandBridge declared that its board has approved a stock buyback plan on Wednesday, February 25th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

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. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.