LandBridge (NYSE:LB) Shares Up 8.1% – Still a Buy?

LandBridge Company LLC (NYSE:LB)’s stock price traded up 8.1% on Friday . The stock traded as high as $65.00 and last traded at $64.5140. 348,621 shares were traded during trading, a decline of 35% from the average session volume of 538,902 shares. The stock had previously closed at $59.68.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of LandBridge in a research report on Friday, January 9th. Raymond James Financial downgraded LandBridge from a “moderate buy” rating to a “strong sell” rating in a research note on Friday, December 5th. Zacks Research downgraded LandBridge from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, January 23rd. UBS Group reissued a “neutral” rating and issued a $65.00 price target on shares of LandBridge in a research note on Monday, November 24th. Finally, Wells Fargo & Company reduced their target price on shares of LandBridge from $91.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $73.33.

LandBridge Stock Up 9.7%

The stock has a market cap of $5.10 billion, a P/E ratio of 93.53 and a beta of 0.43. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.52. The firm’s fifty day moving average is $54.80 and its 200 day moving average is $56.05.

LandBridge (NYSE:LB) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.44). The business had revenue of $50.83 million during the quarter, compared to analyst estimates of $49.13 million. LandBridge had a net margin of 13.72% and a return on equity of 4.63%. As a group, equities research analysts forecast that LandBridge Company LLC will post 0.99 EPS for the current year.

Insider Buying and Selling

In related news, insider Harrison Fenner Bolling bought 850 shares of LandBridge stock in a transaction that occurred on Monday, January 5th. The stock was acquired at an average price of $46.84 per share, for a total transaction of $39,814.00. Following the completion of the purchase, the insider owned 66,874 shares in the company, valued at approximately $3,132,378.16. This represents a 1.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Point Energy Fund Aiv- Five II sold 2,500,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $70.00, for a total value of $175,000,000.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have purchased 3,542 shares of company stock valued at $164,630. 70.42% of the stock is owned by company insiders.

Institutional Trading of LandBridge

Several institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC boosted its holdings in LandBridge by 110.6% during 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 in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of LandBridge during the fourth quarter worth approximately $33,000. Quattro Advisors LLC acquired a new position in LandBridge in the fourth quarter valued at about $36,000. CIBC Private Wealth Group LLC bought a new position in LandBridge during the 4th quarter worth approximately $40,000. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of LandBridge in the 4th quarter valued at $51,000.

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.