LandBridge Company LLC (NYSE:LB) Given Consensus Recommendation of “Hold” by Analysts

Shares of LandBridge Company LLC (NYSE:LB) have received an average rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $76.1667.

Several research firms recently issued reports on LB. Zacks Research lowered LandBridge from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Piper Sandler restated a “neutral” rating and set a $66.00 price objective (up from $65.00) on shares of LandBridge in a research note on Friday, May 8th. The Goldman Sachs Group raised their price objective on LandBridge from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, March 13th. Wells Fargo & Company raised their price objective on LandBridge from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 18th. Finally, Barclays raised their price objective on LandBridge from $57.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, February 27th.

Insider Transactions at LandBridge

In related news, Director Charles L. Watson sold 30,680 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $74.07, for a total transaction of $2,272,467.60. Following the transaction, the director directly owned 86,920 shares in the company, valued at $6,438,164.40. This trade represents a 26.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 53,350 shares of company stock worth $3,974,555 in the last quarter. Company insiders own 70.42% of the company’s stock.

Hedge Funds Weigh In On LandBridge

Several large investors have recently added to or reduced their stakes in LB. NewEdge Advisors LLC boosted its position in LandBridge by 110.6% during 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. Kestra Advisory Services LLC acquired a new position in LandBridge during the 4th quarter valued at approximately $33,000. EverSource Wealth Advisors LLC boosted its position in LandBridge by 564.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 518 shares of the company’s stock valued at $36,000 after purchasing an additional 440 shares during the period. Quattro Advisors LLC acquired a new position in LandBridge during the 4th quarter valued at approximately $36,000. Finally, Galaxy Group Investments LLC acquired a new position in LandBridge during the 4th quarter valued at approximately $36,000.

LandBridge Price Performance

LB stock opened at $73.30 on Wednesday. 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. The stock’s 50 day moving average is $69.89 and its two-hundred day moving average is $63.68. The company has a market capitalization of $5.65 billion, a PE ratio of 75.57 and a beta of 0.14.

LandBridge (NYSE:LB) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.44). LandBridge had a return on equity of 4.34% and a net margin of 15.71%.The business had revenue of $51.01 million for the quarter, compared to analysts’ expectations of $58.72 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. LandBridge’s revenue for the quarter was up 16.0% compared to the same quarter last year. Analysts predict that LandBridge will post 1.48 earnings per share for the current fiscal year.

LandBridge declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 25th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

LandBridge Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, June 4th. This represents a $0.48 annualized dividend and a yield of 0.7%. LandBridge’s dividend payout ratio (DPR) is 49.48%.

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.