LandBridge Company LLC (NYSE:LB) Receives $73.33 Consensus Target Price from Brokerages

Shares of LandBridge Company LLC (NYSE:LB) have received a consensus recommendation of “Hold” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $73.3333.

A number of analysts have recently issued reports on LB shares. Janney Montgomery Scott downgraded shares of LandBridge from a “buy” rating to a “neutral” rating in a report on Thursday, November 13th. Raymond James Financial cut shares of LandBridge from a “moderate buy” rating to a “strong sell” rating in a report on Friday, December 5th. Piper Sandler lifted their target price on shares of LandBridge from $55.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, November 24th. Zacks Research raised LandBridge from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Finally, Barclays dropped their price target on LandBridge from $66.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th.

LandBridge Stock Performance

Shares of LB opened at $57.08 on Thursday. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 81.54 and a beta of 0.43. The business’s fifty day simple moving average is $54.97 and its two-hundred day simple moving average is $55.86. LandBridge has a 12 month low of $43.75 and a 12 month high of $87.60. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.52.

LandBridge (NYSE:LB) last announced its quarterly 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 net margin of 13.72% and a return on equity of 4.63%. The business had revenue of $50.83 million for the quarter, compared to the consensus estimate of $49.13 million. Research analysts anticipate that LandBridge will post 0.99 earnings per share for the current fiscal year.

LandBridge Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Thursday, December 4th. LandBridge’s payout ratio is currently 57.14%.

Insider Transactions at LandBridge

In other LandBridge news, insider Harrison Fenner Bolling acquired 850 shares of the stock in a transaction dated Monday, January 5th. The shares were purchased 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. This trade represents a 1.29% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 shares were sold at an average price of $70.00, for a total transaction of $175,000,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have acquired 3,542 shares of company stock worth $164,630 in the last quarter. Company insiders own 70.42% of the company’s stock.

Hedge Funds Weigh In On LandBridge

Several institutional investors and hedge funds have recently bought and sold shares of LB. Cortland Associates Inc. MO grew its holdings in LandBridge by 172.0% during the third quarter. Cortland Associates Inc. MO now owns 412,443 shares of the company’s stock valued at $22,004,000 after purchasing an additional 260,812 shares during the period. UBS Group AG lifted its position in shares of LandBridge by 88.6% during the 3rd quarter. UBS Group AG now owns 426,156 shares of the company’s stock valued at $22,735,000 after buying an additional 200,231 shares in the last quarter. EagleClaw Capital Managment LLC grew its stake in shares of LandBridge by 78.3% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 202,340 shares of the company’s stock valued at $10,795,000 after acquiring an additional 88,875 shares during the period. Advisory Services Network LLC increased its holdings in LandBridge by 476.0% in the 2nd quarter. Advisory Services Network LLC now owns 86,030 shares of the company’s stock worth $5,814,000 after acquiring an additional 71,095 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in LandBridge by 8.7% during the 3rd quarter. Vanguard Group Inc. now owns 854,767 shares of the company’s stock worth $45,602,000 after acquiring an additional 68,343 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.