LandBridge (NYSE:LB) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

LandBridge Company LLC (NYSE:LB) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $74.55 and traded as high as $88.07. LandBridge shares last traded at $82.4260, with a volume of 285,641 shares traded.

Analyst Ratings Changes

A number of analysts recently commented on LB shares. Piper Sandler upped their price objective on shares of LandBridge from $80.00 to $88.00 and gave the company a “neutral” rating in a research report on Tuesday, September 1st. Zacks Research upgraded LandBridge from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Weiss Ratings raised LandBridge from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Citigroup increased their price target on LandBridge from $66.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, August 26th. Finally, The Goldman Sachs Group set a $84.00 price target on LandBridge in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $81.67.

LandBridge Trading Down 0.9%

The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 72.36 and a beta of 0.09. The business’s fifty day moving average is $82.21 and its 200 day moving average is $74.61. The company has a quick ratio of 7.27, a current ratio of 7.27 and a debt-to-equity ratio of 0.64.

LandBridge Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 27th. LandBridge’s payout ratio is 42.48%.

Institutional Investors Weigh In On LandBridge

A number of hedge funds and other institutional investors have recently bought and sold shares of LB. First Manhattan CO. LLC. boosted its position in LandBridge by 24.0% during the 4th quarter. First Manhattan CO. LLC. now owns 6,861,939 shares of the company’s stock worth $338,714,000 after acquiring an additional 1,330,099 shares during the last quarter. Mad River Investors raised its holdings in shares of LandBridge by 1.3% in the first quarter. Mad River Investors now owns 266,385 shares of the company’s stock valued at $18,394,000 after purchasing an additional 3,451 shares during the last quarter. Ashford Capital Management Inc. acquired a new stake in shares of LandBridge in the first quarter valued at approximately $17,162,000. Moors & Cabot Inc. lifted its position in shares of LandBridge by 5.0% in the fourth quarter. Moors & Cabot Inc. now owns 206,117 shares of the company’s stock worth $10,098,000 after purchasing an additional 9,738 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of LandBridge by 100.0% in the first quarter. Sei Investments Co. now owns 134,720 shares of the company’s stock worth $9,302,000 after purchasing an additional 67,360 shares in the last quarter.

About LandBridge

LandBridge Company LLC is a real estate company that owns land and land-related assets in the Permian Basin, a major oil and natural gas-producing region in West Texas and southeastern New Mexico. The company provides land and infrastructure that support energy development and other industrial activities.

LandBridge generates revenue through surface leases, easements, rights-of-way, land sales, water-related arrangements and royalties associated with mineral interests. Its properties may also support renewable energy projects, carbon capture and storage, data centers, transportation infrastructure and other commercial uses.

The company was established in 2016 and became a publicly traded company in 2024.