First Manhattan Adds $14M in LandBridge Company LLC ($LB)
Key Points
- First Manhattan changed its LandBridge Company LLC ($LB) stake by 2.85% last quarter, boosting to 7,057,228 shares worth $489 million.
- Wall Street's consensus rating on $LB is Buy and an average price target of $87.43.
- $LB last traded around $69.29.
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First Manhattan increased its position in LandBridge Company LLC ($LB) by 2.85% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,057,228 shares of LandBridge Company LLC after buying 195,289 shares during the quarter. First Manhattan's holdings in LandBridge Company LLC were worth $489 million as of its most recent filing.
LandBridge Company LLC Stock Down 20.3%
Shares of LandBridge Company LLC ($LB) traded around $69.29 on Saturday, down 20.3% for the day.
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About LandBridge Company LLC
LandBridge Company LLC, together with its subsidiaries, 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 sells brackish water and other surface composite materials. The company was founded in 2021 and is headquartered in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.
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