Insider Buying: LandBridge (NYSE:LB) Insider Buys $39,814.00 in Stock

LandBridge Company LLC (NYSE:LB) insider Harrison Fenner Bolling acquired 850 shares of LandBridge stock in a transaction dated Monday, January 5th. The shares were purchased at an average price 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. The trade was a 1.29% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

LandBridge Stock Performance

NYSE:LB opened at $50.53 on Friday. The business has a 50 day moving average of $57.50 and a 200 day moving average of $56.57. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 72.18 and a beta of 0.43. LandBridge Company LLC has a 1-year low of $43.75 and a 1-year high of $87.60. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.15 and a quick ratio of 4.15.

LandBridge (NYSE:LB) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.26 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 net margin of 13.72% and a return on equity of 4.63%. On average, sell-side analysts predict that LandBridge Company LLC will post 0.99 earnings per share for the current fiscal year.

LandBridge Dividend Announcement

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

Institutional Investors Weigh In On LandBridge

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of LandBridge by 8.7% in the 3rd quarter. Vanguard Group Inc. now owns 854,767 shares of the company’s stock worth $45,602,000 after buying an additional 68,343 shares during the last quarter. Hood River Capital Management LLC lifted its stake 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 acquiring an additional 28,333 shares during the period. Schwartz Investment Counsel Inc. boosted its holdings in LandBridge by 11.6% in the third quarter. Schwartz Investment Counsel Inc. now owns 579,763 shares of the company’s stock valued at $30,930,000 after acquiring an additional 60,095 shares in the last quarter. Raymond James Financial Inc. increased its position in LandBridge by 11.4% during the 3rd quarter. Raymond James Financial Inc. now owns 453,423 shares of the company’s stock valued at $24,190,000 after purchasing an additional 46,567 shares during the period. Finally, UBS Group AG increased its position in LandBridge by 88.6% during the 3rd quarter. UBS Group AG now owns 426,156 shares of the company’s stock valued at $22,735,000 after purchasing an additional 200,231 shares during the period.

Analyst Ratings Changes

Several research firms have recently commented on LB. Weiss Ratings reiterated a “hold (c)” rating on shares of LandBridge in a report on Tuesday, October 14th. Janney Montgomery Scott lowered LandBridge from a “buy” rating to a “neutral” rating in a research report on Thursday, November 13th. Raymond James Financial cut LandBridge from a “moderate buy” rating to a “strong sell” rating in a research note on Friday, December 5th. Wells Fargo & Company dropped their price objective on LandBridge from $91.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Finally, Barclays cut their target price on shares of LandBridge from $66.00 to $57.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $73.33.

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.