LandBridge Company LLC (NYSE:LB) to Issue $0.12 Quarterly Dividend

Key Points

• LandBridge declared a quarterly dividend of $0.12 per share, payable September 10 to shareholders of record on August 27. The dividend implies a $0.48 annualized payout and a 0.6% yield.
• The dividend appears well covered, with a current payout ratio of 13.5% and an expected future payout ratio of 22.3% based on projected earnings.
• Analysts maintain a consensus “Hold” rating, with an average price target of $78.50; shares recently traded at $80.39 after the company missed quarterly earnings and revenue estimates.

LandBridge Company LLC (NYSE:LB - Get Free Report) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Thursday, August 27th will be paid a dividend of 0.12 per share on Thursday, September 10th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 27th.

LandBridge has a dividend payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect LandBridge to earn $2.15 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 22.3%.

LandBridge Price Performance

Shares of NYSE LB traded up $4.76 during midday trading on Thursday, reaching $80.39. The stock had a trading volume of 193,173 shares, compared to its average volume of 412,664. The stock has a 50-day moving average of $72.44 and a 200-day moving average of $69.14. LandBridge has a 12-month low of $43.75 and a 12-month high of $85.60. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.15 and a current ratio of 3.15. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 83.22 and a beta of 0.06.

LandBridge (NYSE:LB - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.32). The company had revenue of $51.01 million for the quarter, compared to the consensus estimate of $58.72 million. LandBridge had a net margin of 15.71% and a return on equity of 4.34%. The business's revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 EPS. As a group, research analysts anticipate that LandBridge will post 1.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LB. Piper Sandler raised their price target on LandBridge from $66.00 to $80.00 and gave the company a "neutral" rating in a research note on Tuesday, July 21st. Zacks Research upgraded shares of LandBridge from a "strong sell" rating to a "hold" rating in a research note on Monday, June 22nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of LandBridge in a research report on Monday, July 6th. Finally, The Goldman Sachs Group set a $84.00 price objective on LandBridge in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $78.50.

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. 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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