LandBridge Company LLC (NYSE:LB) Given Consensus Recommendation of “Hold” by Brokerages

LandBridge Company LLC (NYSE:LB) has been assigned an average recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $76.1667.

Several equities research analysts recently commented on LB shares. Zacks Research downgraded LandBridge from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of LandBridge in a report on Wednesday, April 8th. The Goldman Sachs Group raised their target price on LandBridge from $69.00 to $84.00 and gave the company a “buy” rating in a report on Friday, March 13th. Wells Fargo & Company raised their target price on LandBridge from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. Finally, Piper Sandler reiterated a “neutral” rating and set a $66.00 target price (up from $65.00) on shares of LandBridge in a report on Friday, May 8th.

Insider Activity at LandBridge

In related news, Director Charles L. Watson sold 13,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $75.00, for a total transaction of $975,000.00. Following the sale, the director directly owned 64,250 shares in the company, valued at approximately $4,818,750. This trade represents a 16.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 53,350 shares of company stock worth $3,974,555. Company insiders own 70.42% of the company’s stock.

Institutional Investors Weigh In On LandBridge

Hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC increased its holdings in LandBridge by 110.6% during the 2nd quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock worth $27,000 after purchasing an additional 209 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in LandBridge during the 4th quarter worth approximately $33,000. EverSource Wealth Advisors LLC increased its holdings in LandBridge by 564.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 518 shares of the company’s stock worth $36,000 after purchasing an additional 440 shares during the last quarter. Quattro Advisors LLC purchased a new stake in LandBridge during the 4th quarter worth approximately $36,000. Finally, Galaxy Group Investments LLC purchased a new stake in LandBridge during the 4th quarter worth approximately $36,000.

LandBridge Stock Performance

LandBridge stock opened at $73.30 on Wednesday. The stock’s 50-day moving average is $69.89 and its 200-day moving average is $63.68. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 75.57 and a beta of 0.14. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.15 and a quick ratio of 3.15. LandBridge has a 12 month low of $43.75 and a 12 month high of $85.60.

LandBridge (NYSE:LB) last announced its earnings results on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.44). The company had revenue of $51.01 million for the quarter, compared to analysts’ expectations of $58.72 million. LandBridge had a net margin of 15.71% and a return on equity of 4.34%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. Equities analysts anticipate that LandBridge will post 1.48 earnings per share for the current year.

LandBridge Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, June 4th. LandBridge’s dividend payout ratio (DPR) is presently 49.48%.

LandBridge announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 25th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

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.