Sei Investments Co. Has $9.30 Million Holdings in LandBridge Company LLC $LB

Sei Investments Co. lifted its holdings in shares of LandBridge Company LLC (NYSE:LB) by 100.0% during the 1st quarter, Holdings Channel reports. The firm owned 134,720 shares of the company’s stock after purchasing an additional 67,360 shares during the period. Sei Investments Co.’s holdings in LandBridge were worth $9,302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of LB. HighTower Advisors LLC raised its position in shares of LandBridge by 30.7% in the 4th quarter. HighTower Advisors LLC now owns 110,626 shares of the company’s stock valued at $5,420,000 after buying an additional 26,014 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of LandBridge in the 4th quarter valued at $2,865,000. Mad River Investors raised its position in LandBridge by 9.1% in the fourth quarter. Mad River Investors now owns 262,934 shares of the company’s stock valued at $12,881,000 after purchasing an additional 21,878 shares during the last quarter. William Blair Investment Management LLC bought a new position in LandBridge in the 4th quarter valued at approximately $33,817,000. Finally, Annex Advisory Services LLC raised its stake in shares of LandBridge by 8.6% during the fourth quarter. Annex Advisory Services LLC now owns 294,143 shares of the company’s stock valued at $14,410,000 after acquiring an additional 23,324 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts recently commented on LB shares. The Goldman Sachs Group set a $84.00 price objective on LandBridge in a research note on Thursday, May 28th. Zacks Research upgraded LandBridge from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of LandBridge in a research report on Monday, July 6th. Finally, Piper Sandler boosted their price objective on LandBridge from $66.00 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $78.50.

LandBridge Stock Performance

Shares of LB opened at $77.62 on Friday. LandBridge Company LLC has a 12 month low of $43.75 and a 12 month high of $85.60. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 80.02 and a beta of 0.02. The stock has a 50 day moving average of $72.43 and a 200 day moving average of $68.66. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.66.

LandBridge (NYSE:LB) last released its earnings results on Wednesday, May 6th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.32). The business had revenue of $51.01 million for 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 company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 earnings per share. As a group, sell-side analysts forecast that LandBridge Company LLC will post 1.48 earnings per share for the current year.

LandBridge Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a $0.12 dividend. The ex-dividend date was Thursday, June 4th. This represents a $0.48 annualized dividend and a dividend yield of 0.6%. LandBridge’s payout ratio is presently 49.48%.

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