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

LandBridge Company LLC (NYSE:LB) has earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $76.1667.

A number of analysts have commented on LB shares. Piper Sandler reiterated a “neutral” rating and issued a $66.00 price objective (up from $65.00) on shares of LandBridge in a research report on Friday, May 8th. Zacks Research upgraded LandBridge from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of LandBridge in a research report on Wednesday, April 8th. The Goldman Sachs Group set a $84.00 price objective on LandBridge in a research report on Thursday, May 28th. Finally, 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 report on Wednesday, March 18th.

Hedge Funds Weigh In On LandBridge

Hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC raised its holdings in shares of LandBridge by 110.6% in the 2nd quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock worth $27,000 after buying an additional 209 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of LandBridge in the 4th quarter worth approximately $33,000. EverSource Wealth Advisors LLC raised its holdings in shares of LandBridge by 564.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 518 shares of the company’s stock worth $36,000 after buying an additional 440 shares in the last quarter. Quattro Advisors LLC acquired a new position in shares of LandBridge in the 4th quarter worth approximately $36,000. Finally, Galaxy Group Investments LLC acquired a new position in shares of LandBridge in the 4th quarter worth approximately $36,000.

LandBridge Price Performance

Shares of NYSE:LB opened at $65.33 on Friday. The business has a 50 day moving average price of $68.84 and a 200 day moving average price of $64.33. LandBridge has a twelve month low of $43.75 and a twelve month high of $85.60. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 67.35 and a beta of 0.08. 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 (NYSE:LB) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.44). LandBridge had a return on equity of 4.34% and a net margin of 15.71%.The firm had revenue of $51.01 million during the quarter, compared to the consensus estimate of $58.72 million. During the same quarter in the prior year, the business posted $0.37 EPS. LandBridge’s revenue was up 16.0% compared to the same quarter last year. Research analysts predict that LandBridge will post 1.48 earnings per share for the current year.

LandBridge Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.7%. LandBridge’s dividend payout ratio is presently 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.