LandBridge Company LLC (NYSE:LB) Receives Consensus Recommendation of “Hold” from Analysts

Shares of LandBridge Company LLC (NYSE:LB) have received an average rating of “Hold” from the nine research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $65.1667.

A number of research analysts recently issued reports on the company. Raymond James Financial cut their price target on LandBridge from $85.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Wells Fargo & Company lowered their price objective on shares of LandBridge from $93.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday. Piper Sandler reduced their target price on shares of LandBridge from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, August 15th. Weiss Ratings reissued a “hold (c)” rating on shares of LandBridge in a research note on Tuesday, October 14th. Finally, Zacks Research cut shares of LandBridge from a “hold” rating to a “strong sell” rating in a research report on Friday, October 10th.

LandBridge Trading Up 3.4%

LB stock opened at $55.88 on Tuesday. The business has a fifty day moving average price of $53.23 and a 200 day moving average price of $62.54. The company has a debt-to-equity ratio of 0.54, a current ratio of 4.26 and a quick ratio of 4.26. LandBridge has a fifty-two week low of $48.55 and a fifty-two week high of $87.60. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 15.70 and a beta of 0.14.

LandBridge Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a $0.10 dividend. The ex-dividend date was Thursday, September 4th. This represents a $0.40 annualized dividend and a yield of 0.7%. LandBridge’s dividend payout ratio (DPR) is currently 11.24%.

Institutional Trading of LandBridge

Several institutional investors and hedge funds have recently added to or reduced their stakes in LB. Annex Advisory Services LLC boosted its stake in shares of LandBridge by 29.8% in the 3rd quarter. Annex Advisory Services LLC now owns 270,819 shares of the company’s stock valued at $14,448,000 after purchasing an additional 62,233 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in LandBridge by 29.6% in the third quarter. Apollon Wealth Management LLC now owns 12,906 shares of the company’s stock valued at $689,000 after buying an additional 2,949 shares during the period. Key Client Fiduciary Advisors LLC boosted its stake in LandBridge by 192.1% in the third quarter. Key Client Fiduciary Advisors LLC now owns 50,765 shares of the company’s stock valued at $2,708,000 after acquiring an additional 33,388 shares during the last quarter. Mad River Investors grew its holdings in LandBridge by 2.7% during the 3rd quarter. Mad River Investors now owns 241,056 shares of the company’s stock worth $12,860,000 after acquiring an additional 6,302 shares during the period. Finally, Viking Fund Management LLC bought a new stake in shares of LandBridge during the 3rd quarter valued at $2,134,000.

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.