LandBridge Company LLC (NYSE:LB) Receives $73.33 Consensus Price Target from Analysts

LandBridge Company LLC (NYSE:LB) has earned an average recommendation of “Hold” from the ten analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $73.3333.

Several equities analysts have weighed in on LB shares. UBS Group reiterated a “neutral” rating and issued a $65.00 target price on shares of LandBridge in a report on Monday, November 24th. Piper Sandler upped their price objective on LandBridge from $55.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, November 24th. Barclays cut their target price on LandBridge from $66.00 to $57.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 14th. Raymond James Financial lowered LandBridge from a “moderate buy” rating to a “strong sell” rating in a research note on Friday, December 5th. Finally, Zacks Research upgraded LandBridge from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th.

Insider Buying and Selling

In other news, insider Harrison Fenner Bolling purchased 850 shares of the stock in a transaction dated Monday, January 5th. The stock was acquired at an average cost of $46.84 per share, for a total transaction of $39,814.00. Following the completion of the transaction, the insider directly owned 66,874 shares in the company, valued at approximately $3,132,378.16. This represents a 1.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jason Thomas Long acquired 2,143 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was purchased at an average cost of $46.59 per share, with a total value of $99,842.37. Following the completion of the purchase, the insider directly owned 223,546 shares of the company’s stock, valued at approximately $10,415,008.14. This represents a 0.97% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 3,542 shares of company stock valued at $164,630. Company insiders own 70.42% of the company’s stock.

Hedge Funds Weigh In On LandBridge

Several institutional investors have recently bought and sold shares of LB. Comerica Bank lifted its position in shares of LandBridge by 13.6% during the third quarter. Comerica Bank now owns 1,369 shares of the company’s stock worth $73,000 after purchasing an additional 164 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of LandBridge by 110.6% during the second quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock worth $27,000 after acquiring an additional 209 shares during the period. Geode Capital Management LLC raised its stake in shares of LandBridge by 0.8% in the second quarter. Geode Capital Management LLC now owns 28,971 shares of the company’s stock valued at $1,958,000 after acquiring an additional 230 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in LandBridge by 12.5% in the second quarter. Osaic Holdings Inc. now owns 2,701 shares of the company’s stock valued at $183,000 after purchasing an additional 301 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in LandBridge by 9.4% in the third quarter. Geneos Wealth Management Inc. now owns 3,880 shares of the company’s stock valued at $207,000 after purchasing an additional 335 shares during the period.

LandBridge Stock Performance

Shares of LandBridge stock opened at $60.47 on Thursday. The business’s 50 day moving average price is $55.05 and its 200 day moving average price is $55.94. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 86.39 and a beta of 0.43. 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 has a one year low of $43.75 and a one year high of $87.60.

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

LandBridge Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, December 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%. LandBridge’s dividend payout ratio (DPR) is currently 57.14%.

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.