LandBridge Co LLC (NYSE:LB) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of LandBridge Co LLC (NYSE:LB - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $59.44.

A number of research analysts recently weighed in on the stock. Wells Fargo & Company set a $82.00 price objective on shares of LandBridge and gave the company an "overweight" rating in a research note on Friday, March 7th. Raymond James raised their target price on shares of LandBridge from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. The Goldman Sachs Group upped their price objective on LandBridge from $73.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, March 26th. Piper Sandler cut their price objective on shares of LandBridge from $79.00 to $70.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Finally, Barclays raised their price target on LandBridge from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of LB. Sandbox Financial Partners LLC purchased a new stake in shares of LandBridge in the fourth quarter worth $637,000. Annex Advisory Services LLC bought a new position in shares of LandBridge during the 4th quarter valued at $1,165,000. Mad River Investors boosted its position in LandBridge by 0.4% in the fourth quarter. Mad River Investors now owns 233,452 shares of the company's stock worth $15,081,000 after purchasing an additional 902 shares during the last quarter. Segment Wealth Management LLC purchased a new position in shares of LandBridge in the fourth quarter worth approximately $323,000. Finally, KBC Group NV bought a new stake in shares of LandBridge during the 4th quarter valued at $72,000.

LandBridge Stock Performance

NYSE:LB opened at $65.28 on Tuesday. LandBridge has a 1 year low of $18.75 and a 1 year high of $84.70. The business has a fifty day simple moving average of $69.03 and a two-hundred day simple moving average of $66.10. The company has a market capitalization of $4.78 billion and a P/E ratio of 18.34. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.73 and a quick ratio of 0.73.

LandBridge Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.40 annualized dividend and a yield of 0.61%. LandBridge's payout ratio is 11.24%.

LandBridge Company Profile

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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