LandBridge Company LLC (NYSE:LB) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of LandBridge Company LLC (NYSE:LB - Get Free Report) have been given an average rating of "Moderate Buy" by the ten brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $60.67.

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

Insider Activity

In other news, Director David N. Capobianco sold 1,900,000 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $75.25, for a total transaction of $142,975,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 70.42% of the stock is owned by company insiders.

Institutional Investors Weigh In On LandBridge

A number of institutional investors and hedge funds have recently modified their holdings of LB. Horizon Kinetics Asset Management LLC raised its position in LandBridge by 4.0% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 5,399,275 shares of the company's stock valued at $348,793,000 after buying an additional 208,408 shares during the period. First Manhattan CO. LLC. raised its position in LandBridge by 3.1% during the first quarter. First Manhattan CO. LLC. now owns 2,798,207 shares of the company's stock valued at $201,303,000 after buying an additional 84,701 shares during the period. T. Rowe Price Investment Management Inc. raised its position in LandBridge by 5,290.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,193,279 shares of the company's stock valued at $85,845,000 after buying an additional 1,171,142 shares during the period. Vanguard Group Inc. grew its stake in LandBridge by 17.1% in the first quarter. Vanguard Group Inc. now owns 697,748 shares of the company's stock valued at $50,196,000 after purchasing an additional 102,085 shares in the last quarter. Finally, Hood River Capital Management LLC purchased a new position in LandBridge in the fourth quarter valued at about $41,431,000.

LandBridge Trading Down 3.1%

Shares of LB stock opened at $65.14 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.70 and a current ratio of 3.70. LandBridge has a 1 year low of $26.03 and a 1 year high of $87.60. The stock has a fifty day moving average of $73.37 and a two-hundred day moving average of $70.47. The firm has a market capitalization of $4.76 billion and a PE ratio of 18.30.

LandBridge Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Thursday, June 5th. LandBridge's dividend payout ratio (DPR) is presently 11.24%.

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.

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