Insider Buying: LandBridge (NYSE:LB) Insider Acquires $24,974.01 in Stock

LandBridge Company LLC (NYSE:LB) insider Scott Lloyd Mcneely purchased 549 shares of the stock in a transaction dated Tuesday, January 6th. The shares were acquired at an average cost of $45.49 per share, with a total value of $24,974.01. Following the acquisition, the insider directly owned 81,276 shares in the company, valued at $3,697,245.24. This represents a 0.68% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

LandBridge Stock Performance

NYSE:LB opened at $50.53 on Friday. The stock’s 50-day simple moving average is $57.50 and its 200 day simple moving average is $56.57. The firm has a market capitalization of $3.93 billion, a PE ratio of 72.18 and a beta of 0.43. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.52. LandBridge Company LLC has a twelve month low of $43.75 and a twelve month high of $87.60.

LandBridge (NYSE:LB) last issued its earnings results on Wednesday, November 12th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.44). The business had revenue of $50.83 million for the quarter, compared to analyst estimates of $49.13 million. LandBridge had a return on equity of 4.63% and a net margin of 13.72%. On average, analysts anticipate that LandBridge Company LLC will post 0.99 EPS for the current fiscal year.

LandBridge Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.40 annualized dividend and a yield of 0.8%. LandBridge’s dividend payout ratio is presently 57.14%.

Institutional Trading of LandBridge

A number of institutional investors and hedge funds have recently bought and sold shares of LB. Comerica Bank raised its position in LandBridge by 13.6% during the 3rd quarter. Comerica Bank now owns 1,369 shares of the company’s stock worth $73,000 after purchasing an additional 164 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of 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 buying an additional 209 shares during the period. Geode Capital Management LLC raised its position in shares of LandBridge by 0.8% during the second quarter. Geode Capital Management LLC now owns 28,971 shares of the company’s stock worth $1,958,000 after acquiring an additional 230 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of LandBridge by 12.5% in the second quarter. Osaic Holdings Inc. now owns 2,701 shares of the company’s stock worth $183,000 after acquiring an additional 301 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in LandBridge by 9.4% in the third quarter. Geneos Wealth Management Inc. now owns 3,880 shares of the company’s stock valued at $207,000 after acquiring an additional 335 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have weighed in on LB. Piper Sandler boosted their target price on shares of LandBridge from $55.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, November 24th. Barclays cut their price objective on LandBridge from $66.00 to $57.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. UBS Group restated a “neutral” rating and set a $65.00 price objective on shares of LandBridge in a research report on Monday, November 24th. Wells Fargo & Company dropped their target price on LandBridge from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Finally, Zacks Research raised LandBridge from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $73.33.

LandBridge Company Profile

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.