LandBridge Company LLC (NYSE:LB) Stock Has Consensus Target Price of $81.67

Shares of LandBridge Company LLC (NYSE:LB) have been given an average rating of “Hold” by the ten research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $81.67.

Several equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of LandBridge from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th. Zacks Research raised LandBridge from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Piper Sandler increased their target price on LandBridge from $80.00 to $88.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 1st. Finally, Citigroup lifted their price target on LandBridge from $66.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, August 26th.

LandBridge Stock Down 0.5%

LandBridge stock opened at $80.75 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 7.27 and a quick ratio of 7.27. The company’s 50-day moving average is $82.62 and its 200-day moving average is $74.92. The firm has a market capitalization of $6.22 billion, a PE ratio of 71.46 and a beta of 0.17. LandBridge has a fifty-two week low of $43.75 and a fifty-two week high of $91.69.

LandBridge Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%. LandBridge’s dividend payout ratio is currently 42.48%.

Hedge Funds Weigh In On LandBridge

Hedge funds have recently bought and sold shares of the company. First Manhattan CO. LLC. lifted its stake in LandBridge by 24.0% in the fourth quarter. First Manhattan CO. LLC. now owns 6,861,939 shares of the company’s stock worth $338,714,000 after purchasing an additional 1,330,099 shares during the last quarter. Ashford Capital Management Inc. purchased a new position in shares of LandBridge in the first quarter worth about $17,162,000. Cinctive Capital Management LP increased its holdings in shares of LandBridge by 128.7% in the fourth quarter. Cinctive Capital Management LP now owns 126,914 shares of the company’s stock worth $6,218,000 after buying an additional 71,425 shares during the period. Sei Investments Co. lifted its stake in shares of LandBridge by 100.0% in the 1st quarter. Sei Investments Co. now owns 134,720 shares of the company’s stock valued at $9,302,000 after acquiring an additional 67,360 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of LandBridge by 996.1% in the 1st quarter. Bank of America Corp DE now owns 64,933 shares of the company’s stock valued at $4,484,000 after acquiring an additional 59,009 shares during the last quarter.

LandBridge Company Profile

LandBridge Company (NYSE: LB) is a land and resource management company that owns and manages large tracts of land in the Permian Basin, one of the United States’ leading oil and natural gas producing regions. Its properties are located primarily in the Delaware sub-basin of West Texas and southeastern New Mexico.

The company generates revenue by providing land access and related services to energy, infrastructure, industrial and other commercial customers. Its assets may support oil and gas development, midstream infrastructure, renewable energy projects, data centers, transportation facilities and other uses.