LandBridge (NYSE:LB) Sees Strong Trading Volume – Still a Buy?

Shares of LandBridge Company LLC (NYSE:LB) saw strong trading volume on Monday . Approximately 232,004 shares were traded during trading, a decline of 46% from the previous session’s volume of 428,434 shares.The stock last traded at $76.79 and had previously closed at $77.67.

Wall Street Analyst Weigh In

Several research analysts have commented on LB shares. Zacks Research raised LandBridge from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Piper Sandler increased their price target on LandBridge from $66.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday. The Goldman Sachs Group set a $84.00 price objective on LandBridge in a research report on Thursday, May 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LandBridge in a research report on Monday, July 6th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, LandBridge presently has a consensus rating of “Hold” and an average target price of $78.50.

LandBridge Stock Performance

The stock’s 50 day moving average price is $71.84 and its 200 day moving average price is $67.17. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.15 and a current ratio of 3.15. The company has a market capitalization of $5.86 billion, a P/E ratio of 78.43 and a beta of 0.02.

LandBridge (NYSE:LB) last posted 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 analyst estimates of $58.72 million. LandBridge had a return on equity of 4.34% and a net margin of 15.71%.The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 earnings per share. As a group, equities analysts expect that LandBridge Company LLC will post 1.48 EPS for the current year.

LandBridge Announces Dividend

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

Institutional Investors Weigh In On LandBridge

Several institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC increased its holdings in LandBridge by 110.6% in the second quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock worth $27,000 after purchasing an additional 209 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of LandBridge during the 4th quarter worth approximately $33,000. EverSource Wealth Advisors LLC increased its stake in shares of LandBridge by 564.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 518 shares of the company’s stock valued at $36,000 after acquiring an additional 440 shares in the last quarter. Quattro Advisors LLC bought a new stake in shares of LandBridge in the 4th quarter valued at $36,000. Finally, Galaxy Group Investments LLC acquired a new position in shares of LandBridge during the 4th quarter valued at $36,000.

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. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.