Analysts Set LandBridge Company LLC (NYSE:LB) PT at $81.67

LandBridge Company LLC (NYSE:LB) has earned a consensus recommendation of “Hold” from the ten research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $81.6667.

LB has been the subject of a number of analyst reports. Piper Sandler boosted their price target on LandBridge from $80.00 to $88.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 1st. Zacks Research upgraded shares of LandBridge from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Citigroup upped their price objective on shares of LandBridge from $66.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, August 26th. Weiss Ratings lowered shares of LandBridge from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 27th. Finally, The Goldman Sachs Group set a $84.00 target price on shares of LandBridge in a research note on Thursday, May 28th.

LandBridge Stock Performance

LB opened at $88.27 on Friday. The company has a current ratio of 7.27, a quick ratio of 7.27 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average is $80.03 and its 200-day moving average is $73.37. The stock has a market cap of $6.80 billion, a PE ratio of 78.11 and a beta of 0.09. LandBridge has a twelve month low of $43.75 and a twelve month high of $91.69.

LandBridge Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be issued a $0.12 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.48 annualized dividend and a dividend yield of 0.5%. LandBridge’s dividend payout ratio (DPR) is 42.48%.

Institutional Investors Weigh In On LandBridge

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in LandBridge by 10,421.5% during the 2nd quarter. California State Teachers Retirement System now owns 2,502,003 shares of the company’s stock valued at $198,259,000 after purchasing an additional 2,478,223 shares in the last quarter. First Manhattan CO. LLC. raised its stake in shares of LandBridge by 24.0% in the 4th quarter. First Manhattan CO. LLC. now owns 6,861,939 shares of the company’s stock worth $338,714,000 after buying an additional 1,330,099 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in shares of LandBridge in the fourth quarter valued at $33,817,000. DF Dent & Co. Inc. bought a new position in LandBridge during the fourth quarter valued at about $21,506,000. Finally, Ashford Capital Management Inc. bought a new position in LandBridge during the first quarter valued at about $17,162,000.

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.