Brokerages Set LandBridge Co LLC (NYSE:LB) PT at $59.44

Shares of LandBridge Co LLC (NYSE:LB) have been assigned an average rating of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $59.44.

LB has been the topic of several research reports. Wells Fargo & Company set a $82.00 price target on shares of LandBridge and gave the stock an “overweight” rating in a research note on Friday, March 7th. The Goldman Sachs Group boosted 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. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $25.00 price target on shares of LandBridge in a report on Tuesday, December 10th. Barclays boosted their price objective on LandBridge from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, March 21st. Finally, Raymond James upped their target price on LandBridge from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th.

LandBridge Trading Down 8.8 %

Shares of LB stock opened at $69.57 on Friday. LandBridge has a fifty-two week low of $18.75 and a fifty-two week high of $84.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.73 and a current ratio of 0.73. The stock’s fifty day moving average is $70.41 and its two-hundred day moving average is $62.77. The firm has a market capitalization of $5.09 billion and a P/E ratio of 19.54.

LandBridge Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued 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 0.57%. LandBridge’s dividend payout ratio (DPR) is currently 11.24%.

Institutional Inflows and Outflows

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

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.