LandBridge Company LLC (NYSE:LB) Plans Quarterly Dividend of $0.12

LandBridge Company LLC (NYSE:LB) announced a quarterly dividend on Wednesday, February 25th. Investors of record on Thursday, March 5th will be paid a dividend of 0.12 per share on Thursday, March 19th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, March 5th. This is a 20.0% increase from LandBridge’s previous quarterly dividend of $0.10.

LandBridge has a dividend payout ratio of 11.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect LandBridge to earn $1.61 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 24.8%.

LandBridge Trading Up 13.5%

LB traded up $8.84 during trading on Thursday, hitting $74.31. The company’s stock had a trading volume of 295,163 shares, compared to its average volume of 533,539. LandBridge has a twelve month low of $43.75 and a twelve month high of $87.60. The stock has a market cap of $5.79 billion, a PE ratio of 106.71 and a beta of 0.43. The firm’s 50 day moving average price is $56.54 and its 200-day moving average price is $56.59. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.15 and a quick ratio of 4.15.

Analyst Upgrades and Downgrades

LB has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of LandBridge in a research report on Friday, January 9th. Raymond James Financial lowered shares of LandBridge from a “moderate buy” rating to a “strong sell” rating in a report on Friday, December 5th. Wells Fargo & Company decreased their target price on shares of LandBridge from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Piper Sandler boosted their target price on shares of LandBridge from $55.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, November 24th. Finally, Janney Montgomery Scott downgraded shares of LandBridge from a “buy” rating to a “neutral” rating in a research note on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $73.33.

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.