LandBridge Company LLC (NYSE:LB) Receives Consensus Rating of “Hold” from Brokerages

Shares of LandBridge Company LLC (NYSE:LB) have received an average recommendation of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $81.67.

A number of equities research analysts recently commented on the stock. Weiss Ratings raised shares of LandBridge from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th. Piper Sandler lifted their price target on shares of LandBridge from $80.00 to $88.00 and gave the stock a “neutral” rating in a report on Tuesday, September 1st. Citigroup upped their price target on LandBridge from $66.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 26th. Finally, Zacks Research upgraded LandBridge from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd.

LandBridge Price Performance

LB opened at $83.92 on Tuesday. The firm has a market capitalization of $6.47 billion, a PE ratio of 74.27 and a beta of 0.17. The company has a debt-to-equity ratio of 0.64, a current ratio of 7.27 and a quick ratio of 7.27. The business’s 50-day moving average is $82.93 and its two-hundred day moving average is $75.05. LandBridge has a 1 year low of $43.75 and a 1 year high of $91.69.

LandBridge Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 27th. LandBridge’s dividend payout ratio is currently 42.48%.

Institutional Investors Weigh In On LandBridge

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position 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 purchasing an additional 440 shares during the last quarter. Markowski Investments purchased a new stake in LandBridge during the 2nd quarter worth approximately $54,000. Fifth Third Bancorp acquired a new position in LandBridge during the 1st quarter valued at approximately $97,000. SG Americas Securities LLC purchased a new position in shares of LandBridge in the first quarter worth $124,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of LandBridge in the first quarter worth $207,000.

About LandBridge

LandBridge Company (NYSE: LB) is a land and resource management company that owns and manages large tracts of land in the Permian Basin, one of the United States’ leading oil and natural gas producing regions. Its properties are located primarily in the Delaware sub-basin of West Texas and southeastern New Mexico.

The company generates revenue by providing land access and related services to energy, infrastructure, industrial and other commercial customers. Its assets may support oil and gas development, midstream infrastructure, renewable energy projects, data centers, transportation facilities and other uses.