LandBridge Co LLC (NYSE:LB - Get Free Report) announced a quarterly dividend on Friday, February 21st, RTT News reports. Stockholders of record on Thursday, March 6th will be paid a dividend of 0.10 per share on Thursday, March 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Thursday, March 6th.
LandBridge Stock Performance
Shares of LB traded down $4.39 during trading hours on Tuesday, hitting $60.98. The stock had a trading volume of 725,752 shares, compared to its average volume of 681,157. LandBridge has a 12-month low of $18.75 and a 12-month high of $84.70. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.60. The company's fifty day simple moving average is $68.38 and its 200 day simple moving average is $57.29.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. Royal Bank of Canada restated an "underperform" rating and issued a $25.00 price objective on shares of LandBridge in a report on Tuesday, December 10th. Raymond James lifted their price target on shares of LandBridge from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Barclays increased their price objective on shares of LandBridge from $38.00 to $79.00 and gave the stock an "equal weight" rating in a research report on Friday, January 17th. Piper Sandler raised their target price on shares of LandBridge from $39.00 to $79.00 and gave the company a "neutral" rating in a research note on Monday, November 25th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $71.00 price target on shares of LandBridge in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $53.33.
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LandBridge Company Profile
(
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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.
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