LandBridge Company LLC (NYSE:LB) Given Average Rating of “Hold” by Brokerages

Shares of LandBridge Company LLC (NYSE:LB) have earned an average rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $73.3333.

LB has been the topic of a number of recent analyst reports. Zacks Research lowered shares of LandBridge from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, January 23rd. Piper Sandler lifted their target price on shares of LandBridge from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, November 24th. UBS Group restated a “neutral” rating and set a $65.00 price target on shares of LandBridge in a research report on Monday, November 24th. Raymond James Financial cut LandBridge from a “moderate buy” rating to a “strong sell” rating in a report on Friday, December 5th. Finally, Janney Montgomery Scott lowered LandBridge from a “buy” rating to a “neutral” rating in a research note on Thursday, November 13th.

LandBridge Stock Performance

Shares of NYSE:LB opened at $65.47 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.15 and a quick ratio of 4.15. The business’s fifty day moving average price is $54.80 and its two-hundred day moving average price is $56.04. LandBridge has a fifty-two week low of $43.75 and a fifty-two week high of $87.60. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 93.53 and a beta of 0.42.

Insider Buying and Selling

In related news, insider Harrison Fenner Bolling acquired 850 shares of the stock in a transaction on Monday, January 5th. The stock was purchased at an average price of $46.84 per share, for a total transaction of $39,814.00. Following the transaction, the insider owned 66,874 shares of the company’s stock, valued at $3,132,378.16. The trade was a 1.29% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jason Thomas Long bought 2,143 shares of LandBridge stock in a transaction dated Monday, January 5th. The shares were bought at an average price of $46.59 per share, for a total transaction of $99,842.37. Following the completion of the transaction, the insider directly owned 223,546 shares of the company’s stock, valued at $10,415,008.14. This represents a 0.97% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 3,542 shares of company stock worth $164,630 in the last 90 days. Corporate insiders own 70.42% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of LandBridge by 8.7% during the third quarter. Vanguard Group Inc. now owns 854,767 shares of the company’s stock worth $45,602,000 after acquiring an additional 68,343 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in LandBridge in the fourth quarter worth about $33,817,000. Hood River Capital Management LLC increased its position in LandBridge by 4.4% in the second quarter. Hood River Capital Management LLC now owns 669,678 shares of the company’s stock worth $45,257,000 after purchasing an additional 28,333 shares during the period. Schwartz Investment Counsel Inc. raised its holdings in LandBridge by 2.3% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 592,891 shares of the company’s stock worth $29,046,000 after purchasing an additional 13,128 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in LandBridge by 11.4% during the 3rd quarter. Raymond James Financial Inc. now owns 453,423 shares of the company’s stock worth $24,190,000 after purchasing an additional 46,567 shares during 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.