LandBridge Company LLC (NYSE:LB) Receives Average Rating of “Hold” from Analysts

LandBridge Company LLC (NYSE:LB) has received a consensus rating of “Hold” from the nine analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $76.1667.

Several equities research analysts recently commented on LB shares. Weiss Ratings restated a “hold (c)” rating on shares of LandBridge in a research report on Wednesday, April 8th. Wells Fargo & Company upped their price target on shares of LandBridge from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, March 18th. Barclays upped their target price on LandBridge from $57.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, February 27th. The Goldman Sachs Group set a $84.00 target price on LandBridge in a report on Thursday, May 28th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $66.00 target price (up from $65.00) on shares of LandBridge in a report on Friday, May 8th.

LandBridge Stock Down 1.0%

Shares of NYSE:LB opened at $60.83 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.15 and a current ratio of 3.15. The company has a market cap of $4.69 billion, a PE ratio of 62.71 and a beta of 0.08. LandBridge has a 52 week low of $43.75 and a 52 week high of $85.60. The firm has a 50 day simple moving average of $68.88 and a 200 day simple moving average of $64.33.

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

LandBridge Dividend Announcement

The firm 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 was Thursday, June 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. LandBridge’s dividend payout ratio is currently 49.48%.

Hedge Funds Weigh In On LandBridge

A number of large investors have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in shares of LandBridge by 996.1% in the 1st quarter. Bank of America Corp DE now owns 64,933 shares of the company’s stock valued at $4,484,000 after purchasing an additional 59,009 shares during the period. Janus Henderson Group PLC increased its holdings in shares of LandBridge by 58.7% in the 1st quarter. Janus Henderson Group PLC now owns 14,325 shares of the company’s stock valued at $990,000 after purchasing an additional 5,300 shares during the period. Adalta Capital Management LLC acquired a new position in shares of LandBridge in the 1st quarter valued at about $779,000. EverSource Wealth Advisors LLC increased 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 valued at $36,000 after purchasing an additional 440 shares during the period. Finally, California State Teachers Retirement System increased its holdings in shares of LandBridge by 44.3% in the 1st quarter. California State Teachers Retirement System now owns 23,780 shares of the company’s stock valued at $1,642,000 after purchasing an additional 7,297 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.