LandBridge (NYSE:LB) Sets New 52-Week Low - Time to Sell?

LandBridge Co LLC (NYSE:LB - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $69.00 and last traded at $72.96, with a volume of 320602 shares traded. The stock had previously closed at $74.27.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LB shares. The Goldman Sachs Group raised their price target on shares of LandBridge from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, March 26th. Wells Fargo & Company set a $82.00 target price on LandBridge and gave the company an "overweight" rating in a report on Friday, March 7th. Barclays boosted their price objective on LandBridge from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Raymond James boosted their price target on shares of LandBridge from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Finally, Piper Sandler lowered their price objective on shares of LandBridge from $79.00 to $70.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $59.44.

LandBridge Stock Up 0.2 %

The company has a 50 day moving average of $70.02 and a 200-day moving average of $67.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $5.62 billion and a P/E ratio of 21.56.

LandBridge Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Thursday, March 6th. LandBridge's payout ratio is 11.24%.

Institutional Investors Weigh In On LandBridge

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fairway Wealth LLC purchased a new stake in shares of LandBridge during the 4th quarter valued at $50,000. Generali Investments Management Co LLC purchased a new stake in LandBridge during the fourth quarter valued at about $52,000. KBC Group NV bought a new stake in LandBridge during the fourth quarter worth about $72,000. Comerica Bank boosted its holdings in shares of LandBridge by 29.7% in the 4th quarter. Comerica Bank now owns 1,158 shares of the company's stock worth $75,000 after purchasing an additional 265 shares in the last quarter. Finally, Blue Trust Inc. bought a new position in shares of LandBridge during the 4th quarter valued at about $110,000.

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.