LandBridge (NYSE:LB) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

LandBridge Company LLC (NYSE:LB) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $66.44 and traded as high as $79.63. LandBridge shares last traded at $78.1120, with a volume of 183,785 shares changing hands.

Analyst Ratings Changes

Several research firms have recently issued reports on LB. Weiss Ratings reissued a “hold (c)” rating on shares of LandBridge in a research note on Monday, July 6th. The Goldman Sachs Group set a $84.00 price target on LandBridge in a research note on Thursday, May 28th. Piper Sandler reaffirmed a “neutral” rating and issued a $66.00 price target (up from $65.00) on shares of LandBridge in a report on Friday, May 8th. Finally, Zacks Research upgraded LandBridge from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $76.17.

LandBridge Stock Up 0.9%

The business’s 50 day moving average is $71.25 and its 200-day moving average is $66.61. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 79.92 and a beta of 0.02. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.15 and a current ratio of 3.15.

LandBridge (NYSE:LB) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.32). The company had revenue of $51.01 million for the quarter, compared to analyst estimates of $58.72 million. LandBridge had a return on equity of 4.34% and a net margin of 15.71%.The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.37 earnings per share. On average, sell-side analysts predict that LandBridge Company LLC will post 1.48 EPS for the current fiscal year.

LandBridge Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, June 4th. LandBridge’s dividend payout ratio is 49.48%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC increased its position in shares of LandBridge by 30.7% during the fourth quarter. HighTower Advisors LLC now owns 110,626 shares of the company’s stock worth $5,420,000 after purchasing an additional 26,014 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in LandBridge in the 4th quarter valued at $2,865,000. Mad River Investors lifted its holdings in LandBridge by 9.1% in the 4th quarter. Mad River Investors now owns 262,934 shares of the company’s stock valued at $12,881,000 after purchasing an additional 21,878 shares in the last quarter. William Blair Investment Management LLC purchased a new position in LandBridge in the 4th quarter valued at $33,817,000. Finally, Viking Fund Management LLC boosted its stake in LandBridge by 100.0% during the 4th quarter. Viking Fund Management LLC now owns 80,000 shares of the company’s stock worth $3,919,000 after purchasing an additional 40,000 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.