Point72 DIFC Ltd purchased a new stake in shares of LandBridge Co LLC (NYSE:LB – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 21,471 shares of the company’s stock, valued at approximately $497,000.
Separately, Marshall Wace LLP purchased a new stake in shares of LandBridge during the 2nd quarter valued at about $1,158,000.
LandBridge Stock Down 2.8 %
Shares of LB stock opened at $41.35 on Thursday. The business has a fifty day simple moving average of $34.83. LandBridge Co LLC has a 52-week low of $18.75 and a 52-week high of $45.96.
Analyst Ratings Changes
View Our Latest Stock Report on LandBridge
Insider Transactions at LandBridge
In related news, Director Valerie Chase acquired 2,925 shares of the business’s stock in a transaction on Monday, July 1st. The stock was acquired at an average cost of $17.00 per share, with a total value of $49,725.00. Following the acquisition, the director now directly owns 2,925 shares in the company, valued at approximately $49,725. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 17.83% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than LandBridge
- Do ETFs Pay Dividends? What You Need to Know
- Can Gen-AI Drive Coursera Stock to Double-Bagger Returns?
- Transportation Stocks Investing
- Is Archer Aviation on the Brink of a Takeoff?
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Get in on GE Vernova: Bank of America and Jefferies Are Bullish
Want to see what other hedge funds are holding LB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LandBridge Co LLC (NYSE:LB – Free Report).
Receive News & Ratings for LandBridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LandBridge and related companies with MarketBeat.com's FREE daily email newsletter.