Schwartz Investment Counsel Inc. Acquires 60,095 Shares of LandBridge Company LLC $LB

Schwartz Investment Counsel Inc. lifted its holdings in LandBridge Company LLC (NYSE:LB) by 11.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 579,763 shares of the company’s stock after acquiring an additional 60,095 shares during the period. Schwartz Investment Counsel Inc. owned approximately 0.76% of LandBridge worth $30,930,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC grew its position in shares of 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 in the last quarter. Avondale Wealth Management bought a new stake in shares of LandBridge in the second quarter valued at approximately $81,000. Generali Investments Management Co LLC acquired a new stake in LandBridge during the second quarter worth approximately $117,000. Osaic Holdings Inc. grew its position in LandBridge by 12.5% during the second quarter. Osaic Holdings Inc. now owns 2,701 shares of the company’s stock worth $183,000 after buying an additional 301 shares in the last quarter. Finally, Cetera Investment Advisers bought a new position in LandBridge during the 2nd quarter worth $218,000.

Insider Activity

In other news, insider Jason Thomas Long bought 2,143 shares of the stock in a transaction on Monday, January 5th. The stock was acquired at an average price of $46.59 per share, with a total value of $99,842.37. Following the acquisition, the insider directly owned 223,546 shares in the company, valued at approximately $10,415,008.14. This trade represents a 0.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Point Energy Fund Aiv- Five II sold 2,500,000 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $70.00, for a total value of $175,000,000.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders bought 3,542 shares of company stock worth $164,630. Insiders own 70.42% of the company’s stock.

LandBridge Stock Performance

LandBridge stock opened at $60.59 on Monday. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.52. The stock has a market cap of $4.72 billion, a PE ratio of 86.55 and a beta of 0.43. LandBridge Company LLC has a 12-month low of $43.75 and a 12-month high of $87.60. The business’s 50-day moving average price is $56.88 and its two-hundred day moving average price is $56.07.

LandBridge (NYSE:LB) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The company had revenue of $50.83 million during the quarter, compared to analyst estimates of $49.13 million. LandBridge had a net margin of 13.72% and a return on equity of 4.63%. As a group, analysts expect that LandBridge Company LLC will post 0.99 earnings per share for the current fiscal year.

LandBridge Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, December 4th. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. LandBridge’s dividend payout ratio is 57.14%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Janney Montgomery Scott downgraded LandBridge from a “buy” rating to a “neutral” rating in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LandBridge in a research report on Friday, January 9th. Wells Fargo & Company decreased their target price on shares of LandBridge from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Piper Sandler boosted their target price on shares of LandBridge from $55.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, November 24th. Finally, Zacks Research raised shares of LandBridge from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, LandBridge has a consensus rating of “Hold” and an average price target of $73.33.

LandBridge 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.