Cinctive Capital Management LP Buys 71,425 Shares of LandBridge Company LLC $LB

Cinctive Capital Management LP raised its stake in shares of LandBridge Company LLC (NYSE:LB) by 128.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 126,914 shares of the company’s stock after purchasing an additional 71,425 shares during the period. Cinctive Capital Management LP owned 0.16% of LandBridge worth $6,218,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. NewEdge Advisors LLC raised its position in LandBridge by 110.6% during the 2nd quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock worth $27,000 after purchasing an additional 209 shares during the last quarter. Kestra Advisory Services LLC bought a new position in LandBridge during the 4th quarter worth $33,000. Quattro Advisors LLC bought a new position in LandBridge during the 4th quarter worth $36,000. CIBC Private Wealth Group LLC bought a new position in LandBridge during the 4th quarter worth $40,000. Finally, Flagship Harbor Advisors LLC bought a new position in LandBridge during the 4th quarter worth $51,000.

LandBridge Stock Performance

LB stock opened at $63.62 on Thursday. The stock has a 50-day moving average price of $69.48 and a 200-day moving average price of $64.12. LandBridge Company LLC has a 1-year low of $43.75 and a 1-year high of $85.60. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.66. The firm has a market cap of $4.90 billion, a PE ratio of 65.59 and a beta of 0.08.

LandBridge (NYSE:LB) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.44). The business had revenue of $51.01 million during the quarter, compared to the consensus estimate of $58.72 million. LandBridge had a return on equity of 4.34% and a net margin of 15.71%.The business’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the business posted $0.37 earnings per share. As a group, equities research analysts expect that LandBridge Company LLC will post 1.48 earnings per share for the current year.

LandBridge Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a $0.12 dividend. The ex-dividend date is Thursday, June 4th. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. LandBridge’s dividend payout ratio (DPR) is currently 49.48%.

LandBridge announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 25th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to repurchase up to 1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Barclays lifted their price objective on LandBridge from $57.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, February 27th. Zacks Research lowered LandBridge from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. The Goldman Sachs Group set a $84.00 price objective on LandBridge in a research report on Thursday, May 28th. Weiss Ratings reissued a “hold (c)” rating on shares of LandBridge in a research report on Wednesday, April 8th. Finally, Wells Fargo & Company lifted their price objective on LandBridge from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, LandBridge has a consensus rating of “Hold” and an average price target of $76.17.

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.