LandBridge (LB)

DBR Land Holdings LLC • DBR Land LLC • DBR Desert LLC • DBR Reeves LLC • DBR REIT LLC • Delaware Basin Ranches Inc. • DBR Solar LLC • Pecos Renewables LLC • Platform Water Services, LLC • DBR Operating LLC ...

IRS number

933636146

LB stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$76.25

Low target

$70.00

High target

$85.00

Latest filings (excl ownership)

View all

LandBridge Company LLC Announces Fourth Quarter and Fiscal Year 2024 Results

5 Mar 25

424B3

Prospectus supplement

28 Jan 25

EFFECT

Notice of effectiveness

31 Dec 24

Independent Auditors’ Report

30 Dec 24

8-K

LandBridge Closes Acquisition of ~46,000 Surface Acres in the Delaware Basin

23 Dec 24

8-K

LandBridge Announces Agreement to Acquire 46,000 Surface Acres in the Southern Delaware Basin

6 Nov 24

LandBridge Company LLC Announces Third Quarter Results and Declares Quarterly Cash Dividend

6 Nov 24

Latest ownership filings

View all

Hill City Capital, LP

LandBridge Holdings LLC

HORIZON KINETICS ASSET MANAGEMENT LLC

23 Dec 24

SC 13G/A

HighSage Ventures LLC

HORIZON KINETICS ASSET MANAGEMENT LLC

23 Sep 24

Financial summary

Financial statements Chart LB financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from LandBridge earnings reports.

Institutional ownership, Q3 2024

LB institutional ownership history Ownership history

88.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	34	37	-8.1%
Opened positions	26	37	-29.7%
Closed positions	29	0	NEW
Increased positions	5	0	NEW
Reduced positions	1	0	NEW

13F shares	Current	Prev Q	Change
Total value	423.72 bn	329.34 bn	+28.7%
Total shares	67.70 mm	14.57 mm	+364.5%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
LandBridge	55.73 mm	$1.28 bn	NEW
Horizon Kinetics Asset Management	5.19 mm	$203.07 bn	+10.3%
FMR	2.38 mm	$93.03 bn	+40.5%
HighSage Ventures	1.05 mm	$24.11 mm	NEW
Hill City Capital	1.00 mm	$39.12 bn	0.0%
Schwartz Investment Counsel	422.17 k	$16.52 bn	+617.7%
Bornite Capital Management	345.00 k	$13.50 bn	NEW
BlackRock	284.21 k	$11.12 bn	NEW
Mad River Investors	232.55 k	$9.10 bn	NEW
Raymond James & Associates	229.35 k	$8.97 bn	+9.2%

Largest transactions	Shares	Bought/sold	Change
LandBridge	55.73 mm	+55.73 mm	NEW
First Manhattan	0.00	-1.92 mm	EXIT
Adage Capital Partners GP, L.L.C.	0.00	-1.10 mm	EXIT
HighSage Ventures	1.05 mm	+1.05 mm	NEW
FMR	2.38 mm	+686.07 k	+40.5%
BLK BlackRock	0.00	-500.00 k	EXIT
Yaupon Capital Management	0.00	-500.00 k	EXIT
Horizon Kinetics Asset Management	5.19 mm	+484.97 k	+10.3%
Schwartz Investment Counsel	422.17 k	+363.35 k	+617.7%
Bornite Capital Management	345.00 k	+345.00 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

LB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
19 Dec 24	LandBridge	Class B shares	Sale back to company	Dispose D	No	No	60.03	2,498,751	150.00 mm	53,227,852
19 Dec 24	LandBridge	DBR Land Holdings LLC Units Class A Shares	Sale back to company	Dispose D	No	No	60.03	2,498,751	150.00 mm	53,227,852
19 Dec 24	David N Capobianco		Sale back to company	Dispose D	Yes	No	60.03	2,498,751	150.00 mm	53,227,852
19 Dec 24	David N Capobianco	DBR Land Holdings LLC Units Class A Shares	Sale back to company	Dispose D	Yes	No	60.03	2,498,751	150.00 mm	53,227,852
13 Sep 24	Andrea Liria Nicolas	Class A shares	Grant	Acquire A	No	No	0	7,353	0.00	7,353
15 Jul 24	Valerie Chase	Class A shares	Grant	Acquire A	No	No	0	7,353	0.00	10,278