Harrison Fenner Bolling Acquires 850 Shares of LandBridge (NYSE:LB) Stock

LandBridge Company LLC (NYSE:LB) insider Harrison Fenner Bolling bought 850 shares of the stock in a transaction dated Monday, January 5th. The stock was bought at an average price of $46.84 per share, for a total transaction of $39,814.00. Following the purchase, the insider directly owned 66,874 shares of the company’s stock, valued at approximately $3,132,378.16. The trade was a 1.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

LandBridge Stock Performance

Shares of NYSE:LB opened at $46.89 on Wednesday. The business’s 50 day moving average price is $58.22 and its 200-day moving average price is $56.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.15 and a quick ratio of 4.15. The firm has a market capitalization of $3.65 billion, a PE ratio of 67.14 and a beta of 0.43. LandBridge Company LLC has a 1 year low of $45.12 and a 1 year high of $87.60.

LandBridge (NYSE:LB) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.44). The firm had revenue of $50.83 million for the quarter, compared to analyst estimates of $49.13 million. LandBridge had a return on equity of 4.63% and a net margin of 13.72%. As a group, equities research analysts expect that LandBridge Company LLC will post 0.99 earnings per share for the current fiscal year.

LandBridge Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, December 4th. LandBridge’s dividend payout ratio is presently 57.14%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of LandBridge in a research report on Tuesday, October 14th. Wells Fargo & Company cut their price target on shares of LandBridge from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Piper Sandler lifted their price target on shares of LandBridge from $55.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, November 24th. Zacks Research raised shares of LandBridge from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Barclays reduced their price objective on shares of LandBridge from $66.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $73.33.

Hedge Funds Weigh In On LandBridge

Large investors have recently made changes to their positions in the business. NewEdge Advisors LLC grew its stake in shares of LandBridge by 110.6% in the 2nd quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock valued at $27,000 after purchasing an additional 209 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of LandBridge during the third quarter worth $63,000. Jones Financial Companies Lllp raised its position 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 during the period. Comerica Bank boosted its position in shares of LandBridge by 13.6% during the third quarter. Comerica Bank now owns 1,369 shares of the company’s stock worth $73,000 after purchasing an additional 164 shares in the last quarter. Finally, Avondale Wealth Management bought a new stake in shares of LandBridge in the second quarter worth about $81,000.

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.