LandBridge (NYSE:LB) Reaches New 1-Year Low – Time to Sell?

LandBridge Company LLC (NYSE:LB) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $45.90 and last traded at $46.6110, with a volume of 668969 shares changing hands. The stock had previously closed at $48.46.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LB. Weiss Ratings reissued a “hold (c)” rating on shares of LandBridge in a research report on Tuesday, October 14th. Janney Montgomery Scott downgraded LandBridge from a “buy” rating to a “neutral” rating in a research note on Thursday, November 13th. UBS Group reiterated a “neutral” rating and set a $65.00 target price on shares of LandBridge in a report on Monday, November 24th. Wells Fargo & Company lowered their price target on LandBridge from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Finally, Piper Sandler raised their price target on LandBridge from $55.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $73.33.

LandBridge Stock Down 3.8%

The firm has a market capitalization of $3.63 billion, a P/E ratio of 66.59 and a beta of 0.43. The firm’s 50-day moving average is $58.51 and its 200 day moving average is $57.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.15 and a current ratio of 4.15.

LandBridge (NYSE:LB) last released its earnings results on Wednesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $49.13 million. As a group, equities research analysts predict that LandBridge Company LLC will post 0.99 EPS for the current fiscal year.

LandBridge Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, December 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%. LandBridge’s dividend payout ratio (DPR) is presently 57.14%.

Insider Buying and Selling

In other LandBridge news, Director Point Energy Fund Aiv- Five II sold 2,500,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $70.00, for a total value of $175,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 70.42% of the company’s stock.

Institutional Trading of LandBridge

A number of hedge funds and other institutional investors have recently made changes to their positions in LB. NewEdge Advisors LLC boosted its holdings in LandBridge by 110.6% during the second 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. Uniplan Investment Counsel Inc. bought a new stake in LandBridge during the 1st quarter worth about $30,000. Aquatic Capital Management LLC acquired a new position in shares of LandBridge during the 3rd quarter worth about $63,000. Avondale Wealth Management acquired a new position in shares of LandBridge during the 2nd quarter worth about $81,000. Finally, Jones Financial Companies Lllp grew its holdings 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 acquiring an additional 1,096 shares in the last quarter.

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.