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

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

LB has been the topic of several research reports. Raymond James Financial cut shares of LandBridge from a “moderate buy” rating to a “strong sell” rating in a research report on Friday, December 5th. UBS Group reissued a “neutral” rating and issued a $65.00 price target on shares of LandBridge in a research note on Monday, November 24th. Zacks Research cut LandBridge from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, January 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of LandBridge in a report on Friday, January 9th. Finally, Wells Fargo & Company dropped their target price on LandBridge from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th.

Insider Buying and Selling

In other LandBridge news, insider Harrison Fenner Bolling bought 850 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was acquired at an average price of $46.84 per share, with a total value of $39,814.00. Following the completion of the transaction, the insider owned 66,874 shares in the company, valued at approximately $3,132,378.16. This trade represents a 1.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jason Thomas Long purchased 2,143 shares of the stock in a transaction on Monday, January 5th. The stock was acquired at an average price 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 position. The SEC filing for this purchase provides additional information. Insiders bought 3,542 shares of company stock worth $164,630 over the last quarter. 70.42% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LandBridge

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

LandBridge Price Performance

LandBridge stock opened at $68.41 on Monday. The firm has a market capitalization of $5.33 billion, a P/E ratio of 97.72 and a beta of 0.43. LandBridge has a 1 year low of $43.75 and a 1 year high of $87.60. The business has a 50-day moving average of $55.68 and a 200-day moving average of $56.35. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.52.

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.