LandBridge Co LLC (NYSE:LB) Receives $60.67 Consensus PT from Analysts

Shares of LandBridge Co LLC (NYSE:LB - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $60.67.

A number of research analysts recently issued reports on the company. Barclays lifted their target price on LandBridge from $79.00 to $80.00 and gave the stock an "equal weight" rating in a report on Friday, March 21st. Wells Fargo & Company lifted their price objective on shares of LandBridge from $82.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Piper Sandler cut their target price on shares of LandBridge from $79.00 to $70.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Johnson Rice cut shares of LandBridge from a "buy" rating to an "accumulate" rating in a report on Wednesday, May 21st. Finally, The Goldman Sachs Group upped their price target on LandBridge from $73.00 to $88.00 and gave the company a "buy" rating in a report on Wednesday, March 26th.

LandBridge Trading Down 3.2%

LandBridge stock traded down $2.35 during midday trading on Wednesday, reaching $70.91. The stock had a trading volume of 445,217 shares, compared to its average volume of 493,965. The stock has a market capitalization of $5.19 billion and a PE ratio of 19.92. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.73 and a current ratio of 0.73. The stock's 50-day simple moving average is $72.54 and its 200 day simple moving average is $70.31. LandBridge has a twelve month low of $18.75 and a twelve month high of $87.60.

LandBridge Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Thursday, June 5th. LandBridge's payout ratio is 11.24%.

Insider Buying and Selling at LandBridge

In related news, Director David N. Capobianco sold 1,900,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $75.25, for a total transaction of $142,975,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 70.42% of the company's stock.

Institutional Investors Weigh In On LandBridge

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LB. US Bancorp DE purchased a new position in shares of LandBridge during the 1st quarter valued at $28,000. Uniplan Investment Counsel Inc. purchased a new position in LandBridge in the first quarter valued at about $30,000. Banque Transatlantique SA acquired a new position in LandBridge in the 1st quarter worth about $34,000. Deutsche Bank AG acquired a new position in LandBridge in the 1st quarter worth about $55,000. Finally, Fairway Wealth LLC purchased a new stake in shares of LandBridge during the 4th quarter worth about $50,000.

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.