LandBridge Company LLC (NYSE:LB) Given Average Recommendation of “Hold” by Brokerages

LandBridge Company LLC (NYSE:LB) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $79.20.

A number of equities research analysts recently commented on the company. Weiss Ratings upgraded LandBridge from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. The Goldman Sachs Group set a $84.00 target price on LandBridge in a report on Thursday, May 28th. Zacks Research upgraded LandBridge from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, Piper Sandler boosted their target price on LandBridge from $66.00 to $80.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st.

LandBridge Stock Performance

Shares of LandBridge stock opened at $78.35 on Monday. The firm has a fifty day moving average of $73.30 and a two-hundred day moving average of $70.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 7.27 and a current ratio of 7.27. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 69.34 and a beta of 0.07. LandBridge has a 52 week low of $43.75 and a 52 week high of $88.00.

LandBridge Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.48 annualized dividend and a yield of 0.6%. LandBridge’s dividend payout ratio (DPR) is presently 42.48%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC raised its holdings in LandBridge by 110.6% in the second quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock worth $27,000 after purchasing an additional 209 shares during the period. EverSource Wealth Advisors LLC grew 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 buying an additional 440 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of LandBridge in the 4th quarter valued at $33,000. Quattro Advisors LLC bought a new stake in shares of LandBridge in the 4th quarter valued at $36,000. Finally, Galaxy Group Investments LLC acquired a new stake in LandBridge during the 4th quarter worth $36,000.

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.