LandBridge (NYSE:LB) Stock Price Up 8.1% – Here’s Why

Shares of LandBridge Company LLC (NYSE:LB) rose 8.1% during mid-day trading on Friday . The stock traded as high as $65.00 and last traded at $64.5140. Approximately 348,621 shares were traded during trading, a decline of 35% from the average daily volume of 538,902 shares. The stock had previously closed at $59.68.

Analyst Ratings Changes

Several analysts have recently weighed in on LB shares. UBS Group reaffirmed a “neutral” rating and set a $65.00 price objective on shares of LandBridge in a report on Monday, November 24th. Zacks Research downgraded LandBridge from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, January 23rd. Raymond James Financial cut LandBridge from a “moderate buy” rating to a “strong sell” rating in a report on Friday, December 5th. Janney Montgomery Scott lowered LandBridge from a “buy” rating to a “neutral” rating in a research note on Thursday, November 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LandBridge in a research report on Friday, January 9th. Three investment 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $73.33.

LandBridge Stock Performance

The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.15 and a current ratio of 4.15. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 93.53 and a beta of 0.43. The firm’s 50-day moving average price is $54.68 and its 200 day moving average price is $55.99.

LandBridge (NYSE:LB) last released its earnings results on Wednesday, November 12th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The business 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%. On average, sell-side analysts anticipate that LandBridge Company LLC will post 0.99 EPS for the current year.

Insider Transactions at LandBridge

In other news, insider Harrison Fenner Bolling bought 850 shares of the stock in a transaction on Monday, January 5th. The stock was purchased at an average price of $46.84 per share, with a total value of $39,814.00. Following the completion of the purchase, the insider owned 66,874 shares of the company’s stock, valued at approximately $3,132,378.16. This trade represents a 1.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Point Energy Fund Aiv- Five II sold 2,500,000 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $70.00, for a total transaction of $175,000,000.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders purchased 3,542 shares of company stock worth $164,630. 70.42% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its stake in LandBridge by 37.2% in the fourth quarter. Van ECK Associates Corp now owns 5,705 shares of the company’s stock valued at $279,000 after acquiring an additional 1,547 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of LandBridge by 16.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,559 shares of the company’s stock valued at $1,007,000 after purchasing an additional 2,953 shares in the last quarter. Wells Fargo & Company MN increased its stake in LandBridge by 34.3% during the 4th quarter. Wells Fargo & Company MN now owns 134,866 shares of the company’s stock worth $6,607,000 after purchasing an additional 34,433 shares in the last quarter. HITE Hedge Asset Management LLC raised its holdings in LandBridge by 175.8% during the 4th quarter. HITE Hedge Asset Management LLC now owns 47,105 shares of the company’s stock worth $2,308,000 after buying an additional 30,023 shares during the period. Finally, Sprott Inc. boosted its holdings in shares of LandBridge by 14.6% in the fourth quarter. Sprott Inc. now owns 85,193 shares of the company’s stock valued at $4,174,000 after buying an additional 10,830 shares during the period.

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.