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

Shares of LandBridge Company LLC (NYSE:LB - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $60.67.

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

Insider Activity at LandBridge

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 shares were sold at an average price of $75.25, for a total value of $142,975,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 70.42% of the company's stock.

Institutional Investors Weigh In On LandBridge

Several institutional investors and hedge funds have recently made changes to their positions in LB. Steward Partners Investment Advisory LLC raised its stake in shares of LandBridge by 174.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,651 shares of the company's stock worth $300,000 after acquiring an additional 2,955 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of LandBridge in the fourth quarter worth about $20,928,000. OFI Invest Asset Management bought a new position in shares of LandBridge in the fourth quarter worth about $3,674,000. Independent Advisor Alliance bought a new position in shares of LandBridge in the fourth quarter worth about $329,000. Finally, Fairway Wealth LLC bought a new position in shares of LandBridge in the fourth quarter worth about $50,000.

LandBridge Stock Performance

LB stock traded down $1.93 on Friday, reaching $61.47. 447,139 shares of the company were exchanged, compared to its average volume of 478,054. LandBridge has a 12 month low of $26.51 and a 12 month high of $87.60. The stock's fifty day moving average price is $72.72 and its 200 day moving average price is $70.51. The firm has a market capitalization of $4.50 billion and a PE ratio of 17.27. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.70 and a quick ratio of 3.70.

LandBridge Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th were paid a $0.10 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.65%. LandBridge's dividend 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.