LandBridge Company LLC (NYSE:LB) Declares $0.12 Quarterly Dividend

LandBridge Company LLC (NYSE:LB) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Thursday, August 27th will be paid a dividend of 0.12 per share on Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 27th.

LandBridge has a payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect LandBridge to earn $2.15 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 22.3%.

LandBridge Stock Up 6.3%

LB stock traded up $4.76 during midday trading on Thursday, hitting $80.39. The company’s stock had a trading volume of 193,173 shares, compared to its average volume of 412,664. The firm has a 50-day simple moving average of $72.44 and a 200-day simple moving average of $69.14. The firm has a market capitalization of $6.20 billion, a P/E ratio of 83.22 and a beta of 0.06. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.66. LandBridge has a 52-week low of $43.75 and a 52-week high of $85.60.

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

Institutional Trading of LandBridge

Institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its position in 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 in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of LandBridge during the fourth quarter valued at approximately $33,000. EverSource Wealth Advisors LLC boosted its position in LandBridge by 564.1% during the first quarter. EverSource Wealth Advisors LLC now owns 518 shares of the company’s stock worth $36,000 after acquiring an additional 440 shares during the last quarter. Quattro Advisors LLC purchased a new stake in LandBridge in the 4th quarter worth approximately $36,000. Finally, Galaxy Group Investments LLC purchased a new stake in LandBridge in the 4th quarter worth approximately $36,000.

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.