LandBridge Company LLC (NYSE:LB) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on LandBridge, with seven holds, two buys, and one sell among 10 brokerages. The average 12-month price target is $81.67.
• LandBridge shares opened at $86.34, near the upper end of their 52-week range of $43.75 to $91.69, with a market capitalization of approximately $6.66 billion.
• The company declared a quarterly dividend of $0.12 per share, equivalent to $0.48 annually and a 0.6% yield; the dividend is payable September 10 to shareholders of record as of August 27.

LandBridge Company LLC (NYSE:LB - Get Free Report) has earned an average recommendation of "Hold" from the ten brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $81.6667.

LB has been the topic of several recent analyst reports. Zacks Research raised shares of LandBridge from a "strong sell" rating to a "hold" rating in a research note on Monday, June 22nd. The Goldman Sachs Group set a $84.00 price objective on shares of LandBridge in a research note on Thursday, May 28th. Weiss Ratings cut shares of LandBridge from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, August 27th. Citigroup raised their target price on shares of LandBridge from $66.00 to $86.00 and gave the company a "neutral" rating in a research report on Wednesday, August 26th. Finally, Piper Sandler boosted their price target on shares of LandBridge from $80.00 to $88.00 and gave the company a "neutral" rating in a report on Tuesday.

LandBridge Price Performance

Shares of LB stock opened at $86.34 on Friday. LandBridge has a 52-week low of $43.75 and a 52-week high of $91.69. The firm has a market capitalization of $6.66 billion, a P/E ratio of 76.41 and a beta of 0.09. The stock has a 50 day moving average price of $79.11 and a 200 day moving average price of $72.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 7.27 and a current ratio of 7.27.

LandBridge Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 27th. LandBridge's payout ratio is presently 42.48%.

Hedge Funds Weigh In On LandBridge

A number of large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in shares of LandBridge by 110.6% in the 2nd quarter. NewEdge Advisors LLC now owns 398 shares of the company's stock valued at $27,000 after buying an additional 209 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in LandBridge by 564.1% in the first quarter. EverSource Wealth Advisors LLC now owns 518 shares of the company's stock worth $36,000 after purchasing an additional 440 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of LandBridge during the fourth quarter worth $33,000. Markowski Investments purchased a new stake in shares of LandBridge during the 2nd quarter valued at $54,000. Finally, Quattro Advisors LLC purchased a new stake in shares of LandBridge during the 4th quarter valued at $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.

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