LandBridge Company LLC (NYSE:LB) Given Average Rating of “Hold” by Brokerages

LandBridge Company LLC (NYSE:LB) has been given an average recommendation of “Hold” by the ten brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $73.3333.

A number of research analysts recently weighed in on LB shares. Barclays cut their target price on shares of LandBridge from $66.00 to $57.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Raymond James Financial cut shares of LandBridge from a “moderate buy” rating to a “strong sell” rating in a research note on Friday, December 5th. Piper Sandler boosted their target price on shares of LandBridge from $55.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, November 24th. Zacks Research upgraded shares of LandBridge from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Wells Fargo & Company lowered their price target on shares of LandBridge from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th.

LandBridge Price Performance

Shares of NYSE:LB opened at $52.01 on Friday. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 74.30 and a beta of 0.25. The firm has a fifty day moving average price of $59.58 and a 200 day moving average price of $58.03. LandBridge has a fifty-two week low of $48.55 and a fifty-two week high of $87.60. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.15 and a current ratio of 4.15.

LandBridge (NYSE:LB) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). LandBridge had a net margin of 13.72% and a return on equity of 4.63%. The firm had revenue of $50.83 million for the quarter, compared to analysts’ expectations of $49.13 million. As a group, sell-side analysts expect that LandBridge will post 0.99 earnings per share for the current fiscal year.

LandBridge Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.40 annualized dividend and a yield of 0.8%. LandBridge’s dividend payout ratio (DPR) is presently 57.14%.

Insider Buying and Selling at LandBridge

In related news, Director Point Energy Fund Aiv- Five II sold 2,500,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $70.00, for a total transaction of $175,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 70.42% of the company’s stock.

Institutional Investors Weigh In On LandBridge

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Deutsche Bank AG bought a new position in shares of LandBridge during the first quarter valued at approximately $55,000. Walleye Capital LLC purchased a new stake in LandBridge during the first quarter worth $810,000. Royal Bank of Canada boosted its position in LandBridge by 20.3% during the 1st quarter. Royal Bank of Canada now owns 27,008 shares of the company’s stock valued at $1,944,000 after acquiring an additional 4,554 shares in the last quarter. First Manhattan CO. LLC. boosted its position in LandBridge by 3.1% during the 1st quarter. First Manhattan CO. LLC. now owns 2,798,207 shares of the company’s stock valued at $201,303,000 after acquiring an additional 84,701 shares in the last quarter. Finally, PDT Partners LLC increased its holdings in shares of LandBridge by 20.6% in the 1st quarter. PDT Partners LLC now owns 43,214 shares of the company’s stock valued at $3,109,000 after acquiring an additional 7,395 shares during the period.

LandBridge Company Profile

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.