LandBridge Company LLC (NYSE:LB) Given Consensus Rating of "Hold" by Brokerages

Key Points

• LandBridge Company LLC (NYSE:LB) has received an average consensus rating of "Hold" from eight research firms, with one sell, three hold, and four buy recommendations.
• The average 12-month price target for LandBridge's stock is currently $67.00, while recent reports have seen price targets adjusted by various analysts between $55.00 and $75.00.
• The company has a dividend yield of 0.8%, with a quarterly dividend of $0.10 distributed recently to stockholders.

Shares of LandBridge Company LLC (NYSE:LB - Get Free Report) have received an average recommendation of "Hold" from the eight research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $67.00.

LB has been the subject of a number of research reports. Raymond James Financial reduced their price objective on LandBridge from $85.00 to $75.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Barclays dropped their target price on LandBridge from $80.00 to $66.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Weiss Ratings reissued a "hold (c-)" rating on shares of LandBridge in a report on Saturday, September 27th. Finally, Piper Sandler dropped their target price on LandBridge from $70.00 to $55.00 and set a "neutral" rating on the stock in a report on Friday, August 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LB. NewEdge Advisors LLC increased its holdings in shares of 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. US Bancorp DE acquired a new position in shares of LandBridge in the first quarter valued at approximately $28,000. Uniplan Investment Counsel Inc. acquired a new position in LandBridge during the first quarter worth $30,000. Banque Transatlantique SA acquired a new position in LandBridge during the first quarter worth $34,000. Finally, Deutsche Bank AG acquired a new position in LandBridge during the first quarter worth $55,000.

LandBridge Price Performance

Shares of NYSE LB opened at $51.60 on Tuesday. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.54. LandBridge has a twelve month low of $48.55 and a twelve month high of $87.60. The stock has a 50 day moving average of $53.31 and a two-hundred day moving average of $63.08. The stock has a market cap of $3.95 billion, a P/E ratio of 14.49 and a beta of 0.14.

LandBridge Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. LandBridge's payout ratio is presently 11.24%.

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.

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