LandBridge Company LLC (NYSE:LB) Stock Now Rated “Hold” by Wall Street Brokerages

Shares of LandBridge Company LLC (NYSE:LB) have earned an average rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $83.00.

A number of analysts recently issued reports on the company. Piper Sandler raised their price objective on LandBridge from $80.00 to $88.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 1st. Weiss Ratings cut shares of LandBridge from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Zacks Research downgraded shares of LandBridge from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Raymond James Financial reaffirmed an “outperform” rating and set a $91.00 price objective on shares of LandBridge in a research report on Monday, October 19th. Finally, Citigroup lifted their target price on shares of LandBridge from $66.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday, August 26th.

LandBridge Trading Up 0.8%

Shares of LandBridge stock opened at $83.48 on Friday. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 73.30 and a beta of 0.17. LandBridge has a fifty-two week low of $43.75 and a fifty-two week high of $91.69. 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 50 day moving average of $84.32 and a 200 day moving average of $73.40.

LandBridge Dividend Announcement

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

Institutional Trading of LandBridge

A number of institutional investors and hedge funds have recently bought and sold shares of LB. Pinnacle Wealth Planning Services Inc. lifted its stake in LandBridge by 20.2% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,533 shares of the company’s stock worth $124,000 after acquiring an additional 258 shares during the last quarter. Schwartz Investment Counsel Inc. raised its holdings in shares of LandBridge by 31.0% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 844,263 shares of the company’s stock valued at $68,529,000 after purchasing an additional 199,547 shares in the last quarter. Corecam Pte. Ltd. lifted its position in shares of LandBridge by 27.0% during the 3rd quarter. Corecam Pte. Ltd. now owns 4,470 shares of the company’s stock worth $363,000 after purchasing an additional 950 shares during the last quarter. Redwood Family Wealth LLC purchased a new stake in shares of LandBridge during the 3rd quarter worth $232,000. Finally, Annex Advisory Services LLC lifted its position in shares of LandBridge by 24.6% during the 3rd quarter. Annex Advisory Services LLC now owns 41,704 shares of the company’s stock worth $3,385,000 after purchasing an additional 8,238 shares during the last quarter.

LandBridge Company Profile

LandBridge Company (NYSE: LB) is a landowner and infrastructure-focused real estate company serving the energy and industrial sectors. The company owns and manages large tracts of land in the Permian Basin, primarily in West Texas and southeastern New Mexico, one of the leading oil and natural gas producing regions in the United States.

LandBridge generates revenue by providing access to its properties and related resources. Its activities include surface-use agreements, easements, rights-of-way, water services, mineral and royalty interests, and accommodations for energy, logistics, and infrastructure projects.