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

LandBridge Company LLC (NYSE:LB)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $55.85 and traded as high as $57.55. LandBridge shares last traded at $56.56, with a volume of 910,282 shares.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LB. Wells Fargo & Company cut their target price on LandBridge from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Janney Montgomery Scott lowered LandBridge from a “buy” rating to a “neutral” rating in a research note on Thursday, November 13th. Barclays reduced their target price on LandBridge from $66.00 to $57.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. Weiss Ratings restated a “hold (c)” rating on shares of LandBridge in a report on Friday, January 9th. Finally, Zacks Research lowered shares of LandBridge from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, January 23rd. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $73.33.

LandBridge Stock Up 3.6%

The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 80.80 and a beta of 0.43. The firm has a 50 day moving average of $54.57 and a 200 day moving average of $55.85. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.52.

LandBridge (NYSE:LB) last posted its quarterly 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 business had revenue of $50.83 million for the quarter, compared to the consensus estimate of $49.13 million. LandBridge had a return on equity of 4.63% and a net margin of 13.72%. As a group, sell-side analysts predict that LandBridge Company LLC will post 0.99 earnings per share for the current year.

LandBridge Dividend Announcement

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

Insider Transactions at LandBridge

In other news, insider Jason Thomas Long purchased 2,143 shares of the business’s stock in a transaction on Monday, January 5th. The shares were acquired at an average price of $46.59 per share, for a total transaction of $99,842.37. Following the completion of the acquisition, the insider owned 223,546 shares in the company, valued at approximately $10,415,008.14. The trade was a 0.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Harrison Fenner Bolling acquired 850 shares of LandBridge stock in a transaction on Monday, January 5th. The stock was purchased at an average cost of $46.84 per share, with a total value of $39,814.00. Following the purchase, the insider directly owned 66,874 shares of the company’s stock, valued at approximately $3,132,378.16. This trade represents a 1.29% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 3,542 shares of company stock valued at $164,630 in the last 90 days. 70.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On LandBridge

Large investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its stake in LandBridge by 110.6% during the 2nd quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock valued at $27,000 after purchasing an additional 209 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of LandBridge during the fourth quarter valued at about $51,000. Aquatic Capital Management LLC bought a new stake in shares of LandBridge during the third quarter worth about $63,000. Jones Financial Companies Lllp raised its holdings in shares of LandBridge by 805.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,232 shares of the company’s stock worth $67,000 after acquiring an additional 1,096 shares during the last quarter. Finally, Comerica Bank lifted its position in LandBridge by 13.6% in the 3rd quarter. Comerica Bank now owns 1,369 shares of the company’s stock valued at $73,000 after acquiring an additional 164 shares in the last quarter.

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.