LandBridge (NYSE:LB) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

LandBridge Company LLC (NYSE:LB)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $65.37 and traded as high as $78.33. LandBridge shares last traded at $77.4380, with a volume of 258,242 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LB. Weiss Ratings reiterated a “hold (c)” rating on shares of LandBridge in a research report on Monday. Piper Sandler reaffirmed a “neutral” rating and issued a $66.00 target price (up from $65.00) on shares of LandBridge in a research note on Friday, May 8th. The Goldman Sachs Group set a $84.00 target price on shares of LandBridge in a research report on Thursday, May 28th. Wells Fargo & Company increased their price target on shares of LandBridge from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. Finally, Zacks Research raised shares of LandBridge from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, LandBridge presently has a consensus rating of “Hold” and a consensus target price of $76.17.

LandBridge Stock Performance

The firm has a fifty day moving average of $70.11 and a 200-day moving average of $65.73. The firm has a market cap of $6.08 billion, a P/E ratio of 81.30 and a beta of 0.02. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.66.

LandBridge (NYSE:LB) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.32). The firm had revenue of $51.01 million for the quarter, compared to the consensus estimate of $58.72 million. LandBridge had a return on equity of 4.34% and a net margin of 15.71%.The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 earnings per share. Research analysts predict that LandBridge Company LLC will post 1.48 earnings per share for the current fiscal year.

LandBridge Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, June 4th. LandBridge’s dividend payout ratio is currently 49.48%.

Institutional Trading of LandBridge

Institutional investors have recently bought and sold shares of the business. First Manhattan CO. LLC. increased its holdings in LandBridge by 24.0% in the fourth quarter. First Manhattan CO. LLC. now owns 6,861,939 shares of the company’s stock valued at $338,714,000 after purchasing an additional 1,330,099 shares during the last quarter. William Blair Investment Management LLC bought a new position in LandBridge during the fourth quarter worth about $33,817,000. DF Dent & Co. Inc. acquired a new position in shares of LandBridge during the 4th quarter worth about $21,506,000. Ashford Capital Management Inc. acquired a new position in shares of LandBridge during the 1st quarter worth about $17,162,000. Finally, Goldman Sachs Group Inc. grew its position in shares of LandBridge by 1,957.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 214,771 shares of the company’s stock worth $10,522,000 after buying an additional 204,331 shares during the period.

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.