LandBridge Company LLC (NYSE:LB) Given Consensus Rating of “Hold” by Analysts

Shares of LandBridge Company LLC (NYSE:LB) have earned an average recommendation of “Hold” from the ten research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $73.3333.

Several research analysts have recently issued reports on the company. Raymond James Financial lowered LandBridge from a “moderate buy” rating to a “strong sell” rating in a research report on Friday, December 5th. Weiss Ratings restated a “hold (c)” rating on shares of LandBridge in a report on Tuesday, October 14th. Piper Sandler upped their target price on shares of LandBridge from $55.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, November 24th. UBS Group reiterated a “neutral” rating and issued a $65.00 price target on shares of LandBridge in a research note on Monday, November 24th. Finally, Barclays lowered their price target on shares of LandBridge from $66.00 to $57.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 14th.

Insider Buying and Selling at LandBridge

In related news, Director Point Energy Fund Aiv- Five II sold 2,500,000 shares of the firm’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 70.42% of the stock is owned by insiders.

Institutional Trading of LandBridge

A number of hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC raised its holdings in LandBridge by 110.6% during the second quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock valued at $27,000 after acquiring an additional 209 shares during the period. Uniplan Investment Counsel Inc. purchased a new stake in shares of LandBridge during the first quarter worth about $30,000. Banque Transatlantique SA bought a new stake in LandBridge during the 1st quarter valued at approximately $34,000. Deutsche Bank AG bought a new stake in LandBridge during the 1st quarter valued at approximately $55,000. Finally, Aquatic Capital Management LLC purchased a new position in LandBridge in the 3rd quarter worth approximately $63,000.

LandBridge Trading Down 2.0%

NYSE:LB opened at $52.01 on Friday. The company has a 50-day moving average price of $59.58 and a 200-day moving average price of $58.03. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 74.30 and a beta of 0.25. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.52. LandBridge has a 12 month low of $48.55 and a 12 month high of $87.60.

LandBridge (NYSE:LB) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.44). LandBridge had a net margin of 13.72% and a return on equity of 4.63%. The company had revenue of $50.83 million for the quarter, compared to analysts’ expectations of $49.13 million. Equities analysts predict that LandBridge will post 0.99 EPS for the current year.

LandBridge Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, December 4th. LandBridge’s payout ratio is currently 57.14%.

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.