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

Key Points

• Analysts have a consensus “Hold” rating on LandBridge, with six holds, two buys and one sell among nine firms. The average 12-month price target is $79.20.
• LandBridge shares opened at $75.33, compared with a 52-week range of $43.75 to $85.60; the company has a $5.81 billion market capitalization and a P/E ratio of 66.67.
• The company announced a quarterly dividend of $0.12 per share, or $0.48 annualized, representing a 0.6% yield. The dividend is payable September 10 to shareholders of record on August 27.

Shares of LandBridge Company LLC (NYSE:LB - Get Free Report) have earned an average rating of "Hold" from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $79.20.

LB has been the topic of a number of recent analyst reports. Zacks Research raised shares of LandBridge from a "strong sell" rating to a "hold" rating in a research report on Monday, June 22nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of LandBridge in a research note on Monday, July 6th. The Goldman Sachs Group set a $84.00 price target on shares of LandBridge in a research report on Thursday, May 28th. Finally, Piper Sandler boosted their price target on shares of LandBridge from $66.00 to $80.00 and gave the company a "neutral" rating in a research note on Tuesday, July 21st.

Institutional Trading of LandBridge

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LB. Royal Bank of Canada lifted its stake in LandBridge by 20.3% during the first quarter. Royal Bank of Canada now owns 27,008 shares of the company's stock worth $1,944,000 after purchasing an additional 4,554 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of LandBridge in the first quarter valued at $494,000. Geode Capital Management LLC grew its stake in shares of LandBridge by 0.8% in the second quarter. Geode Capital Management LLC now owns 28,971 shares of the company's stock valued at $1,958,000 after buying an additional 230 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of LandBridge in the 2nd quarter valued at $218,000. Finally, Legal & General Group Plc raised its holdings in shares of LandBridge by 27.3% in the 2nd quarter. Legal & General Group Plc now owns 16,114 shares of the company's stock valued at $1,089,000 after buying an additional 3,459 shares during the period.

LandBridge Stock Performance

NYSE LB opened at $75.33 on Monday. The stock has a market cap of $5.81 billion, a PE ratio of 66.67 and a beta of 0.07. The company has a current ratio of 7.27, a quick ratio of 7.27 and a debt-to-equity ratio of 0.64. LandBridge has a twelve month low of $43.75 and a twelve month high of $85.60. The stock has a fifty day simple moving average of $72.66 and a 200-day simple moving average of $69.38.

LandBridge Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, August 27th. LandBridge's dividend payout ratio (DPR) is 42.48%.

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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