LandBridge Company LLC (NYSE:LB) Receives Average Recommendation of “Hold” from Analysts

LandBridge Company LLC (NYSE:LB) has been given a consensus rating of “Hold” by the ten research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $73.3333.

A number of brokerages recently commented on LB. Wells Fargo & Company decreased their price objective on LandBridge from $91.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Raymond James Financial cut LandBridge from a “moderate buy” rating to a “strong sell” rating in a report on Friday, December 5th. Zacks Research cut LandBridge from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, January 23rd. Piper Sandler increased their price target on shares of LandBridge from $55.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, November 24th. Finally, Janney Montgomery Scott lowered shares of LandBridge from a “buy” rating to a “neutral” rating in a research note on Thursday, November 13th.

LandBridge Price Performance

Shares of LB stock opened at $65.47 on Monday. LandBridge has a 52-week low of $43.75 and a 52-week high of $87.60. The stock has a market cap of $5.10 billion, a PE ratio of 93.53 and a beta of 0.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.15 and a current ratio of 4.15. The firm’s 50 day moving average price is $54.80 and its two-hundred day moving average price is $56.04.

Insider Transactions at LandBridge

In other LandBridge news, Director Point Energy Fund Aiv- Five II sold 2,500,000 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $70.00, for a total value of $175,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Harrison Fenner Bolling purchased 850 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were acquired at an average cost of $46.84 per share, for a total transaction of $39,814.00. Following the transaction, the insider owned 66,874 shares of the company’s stock, valued at $3,132,378.16. This trade represents a 1.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 3,542 shares of company stock valued at $164,630 over the last three months. 70.42% of the stock is currently owned by corporate insiders.

Institutional Trading of LandBridge

A number of large investors have recently bought and sold shares of LB. Vanguard Group Inc. raised its holdings in LandBridge by 8.7% during the 3rd quarter. Vanguard Group Inc. now owns 854,767 shares of the company’s stock worth $45,602,000 after buying an additional 68,343 shares during the period. William Blair Investment Management LLC bought a new stake in shares of LandBridge during the fourth quarter worth $33,817,000. Hood River Capital Management LLC raised its holdings in shares of LandBridge by 4.4% during the second quarter. Hood River Capital Management LLC now owns 669,678 shares of the company’s stock worth $45,257,000 after acquiring an additional 28,333 shares during the period. Schwartz Investment Counsel Inc. lifted its position in LandBridge by 2.3% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 592,891 shares of the company’s stock valued at $29,046,000 after acquiring an additional 13,128 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in LandBridge by 11.4% in the 3rd quarter. Raymond James Financial Inc. now owns 453,423 shares of the company’s stock valued at $24,190,000 after acquiring an additional 46,567 shares in the last quarter.

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. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.