LandBridge (NYSE:LB) Stock Crosses Above 200 Day Moving Average – What’s Next?

LandBridge Company LLC (NYSE:LB)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $65.37 and traded as high as $78.33. LandBridge shares last traded at $77.4380, with a volume of 258,242 shares traded.

Analysts Set New Price Targets

A number of research analysts have commented on LB shares. Zacks Research upgraded shares of LandBridge from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Piper Sandler reaffirmed a “neutral” rating and issued a $66.00 price objective (up from $65.00) on shares of LandBridge in a research note on Friday, May 8th. Wells Fargo & Company increased their target price on shares of LandBridge from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. The Goldman Sachs Group set a $84.00 price target on LandBridge in a research note on Thursday, May 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of LandBridge in a research note on Wednesday, April 8th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, LandBridge currently has an average rating of “Hold” and a consensus price target of $76.17.

LandBridge Price Performance

The firm has a market cap of $5.97 billion, a PE ratio of 79.83 and a beta of 0.02. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.15 and a quick ratio of 3.15. The firm has a 50-day simple moving average of $69.72 and a 200 day simple moving average of $65.37.

LandBridge (NYSE:LB) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.32). LandBridge had a return on equity of 4.34% and a net margin of 15.71%.The business had revenue of $51.01 million during the quarter, compared to the consensus estimate of $58.72 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. The firm’s revenue was up 16.0% compared to the same quarter last year. As a group, equities analysts expect that LandBridge Company LLC will post 1.48 EPS for the current year.

LandBridge Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. LandBridge’s dividend payout ratio (DPR) is currently 49.48%.

Institutional Trading of LandBridge

A number of hedge funds have recently made changes to their positions in LB. NewEdge Advisors LLC raised its position in shares of LandBridge by 110.6% in 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 bought a new stake in LandBridge during the 4th quarter valued at about $33,000. EverSource Wealth Advisors LLC increased its stake in LandBridge by 564.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 518 shares of the company’s stock valued at $36,000 after purchasing an additional 440 shares in the last quarter. Quattro Advisors LLC purchased a new position in LandBridge in the fourth quarter worth about $36,000. Finally, Galaxy Group Investments LLC bought a new position in shares of LandBridge in the fourth quarter worth approximately $36,000.

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.