LandBridge Company LLC (NYSE:LB) Receives Average Recommendation of “Hold” from Brokerages

LandBridge Company LLC (NYSE:LB) has been assigned an average rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $73.3333.

Several research analysts have issued reports on LB shares. Piper Sandler increased their target price on shares of LandBridge from $55.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, November 24th. Wells Fargo & Company dropped their price objective on shares of LandBridge from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Raymond James Financial downgraded shares of LandBridge from a “moderate buy” rating to a “strong sell” rating in a research note on Friday, December 5th. UBS Group reaffirmed a “neutral” rating and set a $65.00 target price on shares of LandBridge in a research report on Monday, November 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LandBridge in a research note on Friday, January 9th.

Insider Transactions at LandBridge

In other news, insider Jason Thomas Long bought 2,143 shares of the stock in a transaction on Monday, January 5th. The stock was bought at an average cost of $46.59 per share, for a total transaction of $99,842.37. Following the completion of the purchase, the insider directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Harrison Fenner Bolling purchased 850 shares of LandBridge stock in a transaction dated Monday, January 5th. The shares were 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 owned 66,874 shares of the company’s stock, valued at approximately $3,132,378.16. This represents a 1.29% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 3,542 shares of company stock valued at $164,630 in the last 90 days. Insiders own 70.42% of the company’s stock.

Institutional Trading of LandBridge

A number of institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its stake in LandBridge by 110.6% in the second quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock valued at $27,000 after buying an additional 209 shares during 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 purchased a new position in shares of LandBridge in the 3rd quarter valued at approximately $63,000. Jones Financial Companies Lllp raised its position 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 valued at $67,000 after purchasing an additional 1,096 shares during the last quarter. Finally, Comerica Bank boosted its stake in LandBridge by 13.6% in the 3rd 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.

LandBridge Stock Performance

Shares of NYSE:LB opened at $58.57 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.15 and a current ratio of 4.15. The firm has a market cap of $4.56 billion, a PE ratio of 83.67 and a beta of 0.43. The firm’s 50 day simple moving average is $54.74 and its 200-day simple moving average is $55.86. LandBridge has a one year low of $43.75 and a one year high of $87.60.

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

LandBridge Dividend Announcement

The company 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. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, December 4th. LandBridge’s dividend payout ratio is presently 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.