Requisite Capital Management LLC Makes New Investment in LandBridge Co LLC (NYSE:LB)

Requisite Capital Management LLC bought a new position in shares of LandBridge Co LLC (NYSE:LB – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,500 shares of the company’s stock, valued at approximately $293,000.

A number of other institutional investors also recently bought and sold shares of LB. Marshall Wace LLP purchased a new position in LandBridge during the second quarter worth about $1,158,000. Ghisallo Capital Management LLC acquired a new stake in shares of LandBridge during the second quarter valued at about $1,158,000. Point72 DIFC Ltd acquired a new stake in shares of LandBridge during the second quarter valued at about $497,000. Finally, M&R Capital Management Inc. acquired a new stake in shares of LandBridge during the third quarter valued at about $39,000.

LandBridge Stock Performance

Shares of LB stock traded up $2.03 during trading on Friday, reaching $49.02. The company’s stock had a trading volume of 271,032 shares, compared to its average volume of 350,392. The company has a 50-day simple moving average of $38.17. LandBridge Co LLC has a 1-year low of $18.75 and a 1-year high of $49.99.

Wall Street Analyst Weigh In

LB has been the subject of a number of recent analyst reports. Pickering Energy Partners initiated coverage on shares of LandBridge in a research report on Tuesday, July 23rd. They set an “outperform” rating for the company. Barclays initiated coverage on shares of LandBridge in a research report on Tuesday, July 23rd. They set an “equal weight” rating and a $29.00 price target for the company. Citigroup lifted their price target on shares of LandBridge from $31.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. The Goldman Sachs Group lifted their price target on shares of LandBridge from $38.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Janney Montgomery Scott began coverage on shares of LandBridge in a research report on Thursday, July 25th. They set a “buy” rating and a $36.00 price target for the company. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $35.29.

Get Our Latest Stock Report on LB

About LandBridge

(Free Report)

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.

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