LandBridge Company LLC (NYSE:LB) Receives $66.43 Consensus Target Price from Analysts

Shares of LandBridge Company LLC (NYSE:LB) have received an average recommendation of “Hold” from the eleven analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $66.4286.

Several brokerages have recently commented on LB. Wells Fargo & Company lowered their price objective on LandBridge from $91.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Janney Montgomery Scott downgraded LandBridge from a “buy” rating to a “neutral” rating in a report on Thursday, November 13th. Weiss Ratings reissued a “hold (c)” rating on shares of LandBridge in a research report on Tuesday, October 14th. Zacks Research upgraded LandBridge from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Finally, UBS Group reaffirmed a “neutral” rating and set a $65.00 price objective on shares of LandBridge in a report on Monday, November 24th.

LandBridge Stock Up 0.5%

LandBridge stock opened at $59.66 on Wednesday. LandBridge has a 1-year low of $48.55 and a 1-year high of $87.60. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 85.22 and a beta of 0.25. The firm’s fifty day moving average price is $59.53 and its two-hundred day moving average price is $60.38. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.52.

LandBridge (NYSE:LB) last posted 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). LandBridge had a return on equity of 4.63% and a net margin of 13.72%.The business had revenue of $50.83 million for the quarter, compared to the consensus estimate of $49.13 million. On average, equities research analysts predict that LandBridge will post 0.99 earnings per share for the current fiscal year.

LandBridge Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, December 4th. This represents a $0.40 annualized dividend and a yield of 0.7%. LandBridge’s payout ratio is 57.14%.

Insider Transactions at LandBridge

In other LandBridge news, Director Point Energy Fund Aiv- Five II sold 2,500,000 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $70.00, for a total value of $175,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 70.42% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Manhattan CO. LLC. increased its stake in shares of LandBridge by 3.1% during the 1st quarter. First Manhattan CO. LLC. now owns 2,798,207 shares of the company’s stock worth $201,303,000 after purchasing an additional 84,701 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in LandBridge by 5,290.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,193,279 shares of the company’s stock valued at $85,845,000 after purchasing an additional 1,171,142 shares during the last quarter. Vanguard Group Inc. increased its position in LandBridge by 8.7% in the third quarter. Vanguard Group Inc. now owns 854,767 shares of the company’s stock worth $45,602,000 after buying an additional 68,343 shares during the last quarter. Hood River Capital Management LLC increased its position in LandBridge by 4.4% in the second quarter. Hood River Capital Management LLC now owns 669,678 shares of the company’s stock worth $45,257,000 after buying an additional 28,333 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. raised its stake in shares of LandBridge by 11.6% in the third quarter. Schwartz Investment Counsel Inc. now owns 579,763 shares of the company’s stock valued at $30,930,000 after buying an additional 60,095 shares during the period.

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.