LandBridge Co LLC (NYSE:LB) Given Average Rating of "Moderate Buy" by Brokerages

LandBridge Co LLC (NYSE:LB - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the ten research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $53.33.

A number of brokerages have recently weighed in on LB. Raymond James upped their price target on shares of LandBridge from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. The Goldman Sachs Group reiterated a "buy" rating and set a $71.00 price target on shares of LandBridge in a research report on Friday, January 3rd. 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. Piper Sandler lifted their target price on LandBridge from $39.00 to $79.00 and gave the stock a "neutral" rating in a report on Monday, November 25th. Finally, Barclays upped their price target on shares of LandBridge from $38.00 to $79.00 and gave the company an "equal weight" rating in a report on Friday, January 17th.

LandBridge Stock Performance

Shares of NYSE:LB traded down $5.13 on Monday, hitting $64.05. The company's stock had a trading volume of 696,395 shares, compared to its average volume of 479,469. The company has a market capitalization of $4.69 billion and a price-to-earnings ratio of 17.99. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.73 and a current ratio of 0.73. LandBridge has a 12 month low of $18.75 and a 12 month high of $84.70. The stock's 50-day moving average is $69.03 and its two-hundred day moving average is $57.98.

LandBridge Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.62%. LandBridge's dividend payout ratio (DPR) is presently 11.24%.

Hedge Funds Weigh In On LandBridge

Several institutional investors and hedge funds have recently added to or reduced their stakes in LB. Fairway Wealth LLC acquired a new stake in shares of LandBridge in the fourth quarter worth $50,000. Generali Investments Management Co LLC acquired a new stake in LandBridge during the 4th quarter worth about $52,000. KBC Group NV purchased a new position in LandBridge during the 4th quarter valued at about $72,000. Comerica Bank increased 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 valued at $75,000 after purchasing an additional 265 shares during the period. Finally, Blue Trust Inc. purchased a new stake in shares of LandBridge in the fourth quarter worth approximately $110,000.

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.