LandBridge (NYSE:LB) Shares Cross Above 200 Day Moving Average - Time to Sell?

Key Points

• LandBridge shares rose above their 200-day moving average of $75.10, reaching as high as $88.26 and last trading near $85.83.
• Analysts remain broadly cautious: the stock has a consensus “Hold” rating from MarketBeat, with an average price target of $81.67, below its recent trading price.
• LandBridge pays a quarterly dividend of $0.12, or $0.48 annually, for a modest 0.6% yield; institutional investors including First Manhattan and Cinctive Capital have recently increased their holdings.

LandBridge Company LLC (NYSE:LB - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $75.10 and traded as high as $88.26. LandBridge shares last traded at $85.8330, with a volume of 241,658 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LB shares. Piper Sandler raised their price target on shares of LandBridge from $80.00 to $88.00 and gave the company a "neutral" rating in a research report on Tuesday, September 1st. Weiss Ratings raised LandBridge from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, September 24th. Citigroup upped their price objective on shares of LandBridge from $66.00 to $86.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 26th. Finally, Zacks Research raised LandBridge from a "strong sell" rating to a "hold" rating in a research report on Monday, June 22nd. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $81.67.

LandBridge Price Performance

The company has a current ratio of 7.27, a quick ratio of 7.27 and a debt-to-equity ratio of 0.64. The business's fifty day moving average is $83.13 and its 200 day moving average is $75.10. The company has a market cap of $6.62 billion, a P/E ratio of 75.96 and a beta of 0.17.

LandBridge Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, August 27th. LandBridge's payout ratio is currently 42.48%.

Institutional Trading of LandBridge

A number of institutional investors have recently modified their holdings of the business. First Manhattan CO. LLC. raised its holdings in LandBridge by 24.0% during the 4th quarter. First Manhattan CO. LLC. now owns 6,861,939 shares of the company's stock valued at $338,714,000 after acquiring an additional 1,330,099 shares during the period. Mad River Investors grew its holdings in LandBridge by 1.3% during the 1st quarter. Mad River Investors now owns 266,385 shares of the company's stock valued at $18,394,000 after buying an additional 3,451 shares in the last quarter. Ashford Capital Management Inc. purchased a new stake in shares of LandBridge in the first quarter worth about $17,162,000. Sei Investments Co. boosted its position in shares of LandBridge by 100.0% in the first quarter. Sei Investments Co. now owns 134,720 shares of the company's stock valued at $9,302,000 after acquiring an additional 67,360 shares during the period. Finally, Cinctive Capital Management LP increased its holdings in LandBridge by 128.7% during the 4th quarter. Cinctive Capital Management LP now owns 126,914 shares of the company's stock worth $6,218,000 after acquiring an additional 71,425 shares during the period.

About LandBridge

LandBridge Company NYSE: LB is a land and resource management company that owns and manages large tracts of land in the Permian Basin, one of the United States' leading oil and natural gas producing regions. Its properties are located primarily in the Delaware sub-basin of West Texas and southeastern New Mexico.

The company generates revenue by providing land access and related services to energy, infrastructure, industrial and other commercial customers. Its assets may support oil and gas development, midstream infrastructure, renewable energy projects, data centers, transportation facilities and other uses.

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