LandBridge (NYSE:LB) Sees Unusually-High Trading Volume – Should You Buy?

LandBridge Company LLC (NYSE:LB) shares saw unusually-high trading volume on Monday . 232,004 shares changed hands during trading, a decline of 46% from the previous session’s volume of 428,434 shares.The stock last traded at $76.79 and had previously closed at $77.67.

Wall Street Analyst Weigh In

Several research firms have recently commented on LB. Zacks Research upgraded LandBridge from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. 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. The Goldman Sachs Group set a $84.00 price target on shares of LandBridge in a research report on Thursday, May 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LandBridge in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, LandBridge currently has a consensus rating of “Hold” and a consensus target price of $76.17.

LandBridge Price Performance

The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average of $71.51 and a 200 day moving average of $66.80. The firm has a market capitalization of $5.97 billion, a PE ratio of 79.82 and a beta of 0.02.

LandBridge (NYSE:LB) last posted its earnings results on Wednesday, May 6th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.32). LandBridge had a return on equity of 4.34% and a net margin of 15.71%.The firm had revenue of $51.01 million during the quarter, compared to the consensus estimate of $58.72 million. During the same quarter in the previous year, the company earned $0.37 EPS. The business’s revenue was up 16.0% compared to the same quarter last year. As a group, research analysts anticipate that LandBridge Company LLC will post 1.48 EPS for the current fiscal 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 of this dividend was Thursday, June 4th. This represents a $0.48 annualized dividend and a dividend yield of 0.6%. LandBridge’s dividend payout ratio is currently 49.48%.

Hedge Funds Weigh In On LandBridge

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its stake in LandBridge by 110.6% in the second quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock valued at $27,000 after acquiring an additional 209 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of LandBridge during the 4th quarter valued at $33,000. EverSource Wealth Advisors LLC grew its stake in shares of LandBridge by 564.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 518 shares of the company’s stock worth $36,000 after acquiring an additional 440 shares during the period. Quattro Advisors LLC purchased a new stake in LandBridge in the 4th quarter worth about $36,000. Finally, Galaxy Group Investments LLC purchased a new stake in LandBridge in the 4th quarter worth about $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.