LandBridge Company LLC (LB) To Go Ex-Dividend on August 27th

LandBridge Company LLC (NYSE:LB) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Thursday, August 27th will be given a dividend of 0.12 per share on Thursday, September 10th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 27th.

LandBridge has a dividend payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Analysts expect LandBridge to earn $2.15 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 22.3%.

LandBridge Stock Performance

Shares of LB stock opened at $80.66 on Friday. The firm has a 50 day moving average of $72.55 and a two-hundred day moving average of $69.28. The stock has a market capitalization of $6.22 billion, a PE ratio of 83.15 and a beta of 0.06. 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 has a 52 week low of $43.75 and a 52 week high of $85.60.

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 analysts’ consensus estimates of $0.55 by ($0.32). The company had revenue of $51.01 million for the quarter, compared to analysts’ expectations of $58.72 million. LandBridge had a return on equity of 4.34% and a net margin of 15.71%.The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 EPS. On average, research analysts predict that LandBridge will post 1.48 EPS for the current fiscal year.

Institutional Trading of LandBridge

Several institutional investors and hedge funds have recently bought and sold shares of LB. NewEdge Advisors LLC increased its stake in LandBridge by 110.6% in the second quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock valued at $27,000 after purchasing an additional 209 shares during the period. EverSource Wealth Advisors LLC increased its position in 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 during the period. Kestra Advisory Services LLC acquired a new stake in LandBridge during the 4th quarter worth approximately $33,000. Quattro Advisors LLC purchased a new stake in shares of LandBridge during the fourth quarter worth approximately $36,000. Finally, Galaxy Group Investments LLC acquired a new stake in shares of LandBridge during the fourth quarter worth $36,000.

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