LandBridge (NYSE:LB) Posts Earnings Results, Beats Estimates By $998.38 EPS

LandBridge (NYSE:LB) released its earnings results on Wednesday. The company reported $999.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $998.38, Zacks reports. LandBridge had a return on equity of 4.63% and a net margin of 13.72%.

LandBridge Trading Down 0.2%

LB traded down $0.13 on Wednesday, hitting $65.87. The company had a trading volume of 457,271 shares, compared to its average volume of 542,890. The business’s fifty day simple moving average is $56.28 and its 200 day simple moving average is $56.53. 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 has a 12-month low of $43.75 and a 12-month high of $87.60. The company has a market cap of $5.13 billion, a PE ratio of 94.10 and a beta of 0.43.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LB. UBS Group reissued a “neutral” rating and issued a $65.00 target price on shares of LandBridge in a report on Monday, November 24th. Janney Montgomery Scott downgraded shares of LandBridge from a “buy” rating to a “neutral” rating in a report on Thursday, November 13th. Piper Sandler boosted their price target on shares of LandBridge from $55.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, November 24th. Raymond James Financial lowered LandBridge from a “moderate buy” rating to a “strong sell” rating in a research report on Friday, December 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of LandBridge in a report on Friday, January 9th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, LandBridge has a consensus rating of “Hold” and an average price target of $73.33.

Insider Activity at LandBridge

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

Hedge Funds Weigh In On LandBridge

Large investors have recently bought and sold shares of the business. Galaxy Group Investments LLC bought a new position in LandBridge in the 4th quarter valued at $36,000. Vident Advisory LLC bought a new stake in shares of LandBridge during the fourth quarter worth $220,000. XTX Topco Ltd purchased a new stake in shares of LandBridge during the fourth quarter valued at $896,000. Yaupon Capital Management LP grew its holdings in shares of LandBridge by 15.4% in the fourth quarter. Yaupon Capital Management LP now owns 51,258 shares of the company’s stock worth $2,511,000 after purchasing an additional 6,834 shares during the last quarter. Finally, one8zero8 LLC grew its holdings in shares of LandBridge by 10.4% in the fourth quarter. one8zero8 LLC now owns 72,903 shares of the company’s stock worth $3,572,000 after purchasing an additional 6,861 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.