LandBridge (NYSE:LB) Shares Pass Above 200-Day Moving Average - Here's What Happened

Key Points

• LandBridge shares moved above their 200-day moving average of $74.55, reaching as high as $88.07 before last trading at approximately $82.43; the stock was reported down 5.2%.
• Analysts remain cautious, with a consensus “Hold” rating and an average price target of $81.67. Recent target changes ranged from $84 to $88, while Citigroup raised its target to $86.
• LandBridge paid a quarterly dividend of $0.12 per share, equal to a $0.48 annualized payout and a 0.6% yield; several institutional investors also increased their holdings.

LandBridge Company LLC (NYSE:LB - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $74.55 and traded as high as $88.07. LandBridge shares last traded at $82.4260, with a volume of 285,641 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LB shares. Weiss Ratings cut shares of LandBridge from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, August 27th. Citigroup increased their price objective on shares of LandBridge from $66.00 to $86.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 26th. The Goldman Sachs Group set a $84.00 price objective on shares of LandBridge in a research report on Thursday, May 28th. Piper Sandler lifted their target price on shares of LandBridge from $80.00 to $88.00 and gave the company a "neutral" rating in a research note on Tuesday, September 1st. Finally, Zacks Research raised shares of LandBridge from a "strong sell" rating to a "hold" rating in a report on Monday, June 22nd. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, LandBridge currently has a consensus rating of "Hold" and an average target price of $81.67.

LandBridge Trading Down 5.2%

The stock has a fifty day moving average of $82.10 and a 200 day moving average of $74.55. The company has a debt-to-equity ratio of 0.64, a quick ratio of 7.27 and a current ratio of 7.27. The company has a market capitalization of $6.35 billion, a PE ratio of 72.94 and a beta of 0.09.

LandBridge Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, August 27th. This represents a $0.48 annualized dividend and a dividend yield of 0.6%. LandBridge's dividend payout ratio (DPR) is presently 42.48%.

Hedge Funds Weigh In On LandBridge

Hedge funds and other institutional investors have recently modified their holdings of the stock. First Manhattan CO. LLC. increased its holdings in LandBridge by 24.0% in 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 last quarter. Mad River Investors boosted its holdings in shares of 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 purchasing an additional 3,451 shares during the last quarter. Ashford Capital Management Inc. bought a new position in shares of LandBridge during the 1st quarter valued at about $17,162,000. Moors & Cabot Inc. boosted its holdings in shares of LandBridge by 5.0% during the 4th quarter. Moors & Cabot Inc. now owns 206,117 shares of the company's stock valued at $10,098,000 after purchasing an additional 9,738 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of LandBridge by 100.0% during the first quarter. Sei Investments Co. now owns 134,720 shares of the company's stock valued at $9,302,000 after purchasing an additional 67,360 shares in the last quarter.

LandBridge Company Profile

LandBridge Company LLC is a real estate company that owns land and land-related assets in the Permian Basin, a major oil and natural gas-producing region in West Texas and southeastern New Mexico. The company provides land and infrastructure that support energy development and other industrial activities.

LandBridge generates revenue through surface leases, easements, rights-of-way, land sales, water-related arrangements and royalties associated with mineral interests. Its properties may also support renewable energy projects, carbon capture and storage, data centers, transportation infrastructure and other commercial uses.

The company was established in 2016 and became a publicly traded company in 2024.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.