LandBridge Co LLC (NYSE:LB) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of LandBridge Co LLC (NYSE:LB) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $59.44.

A number of equities analysts have issued reports on LB shares. The Goldman Sachs Group increased their target price on LandBridge from $73.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, March 26th. Barclays upped 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. Royal Bank of Canada reissued an “underperform” rating and issued a $25.00 target price on shares of LandBridge in a research report on Tuesday, December 10th. Piper Sandler reduced their price target on LandBridge from $79.00 to $70.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Finally, Raymond James lifted their price objective on shares of LandBridge from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th.

Institutional Investors Weigh In On LandBridge

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

LandBridge Stock Up 0.7 %

Shares of LB stock opened at $72.47 on Friday. LandBridge has a 12-month low of $18.75 and a 12-month high of $84.70. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.60. The firm has a fifty day moving average of $70.35 and a 200-day moving average of $63.22. The company has a market capitalization of $5.30 billion and a price-to-earnings ratio of 20.36.

LandBridge Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.55%. LandBridge’s payout ratio is 11.24%.

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.