LandBridge (NYSE:LB) Shares Up 5.5% – Time to Buy?

LandBridge Company LLC (NYSE:LB)’s share price shot up 5.5% on Wednesday . The stock traded as high as $53.54 and last traded at $53.22. 224,125 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 532,601 shares. The stock had previously closed at $50.45.

Analyst Upgrades and Downgrades

LB has been the topic of several research analyst reports. Janney Montgomery Scott cut shares of LandBridge from a “buy” rating to a “neutral” rating in a research report on Thursday, November 13th. Wells Fargo & Company lowered their price target on LandBridge from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Barclays reduced their price objective on LandBridge from $66.00 to $57.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 14th. UBS Group restated a “neutral” rating and set a $65.00 price objective on shares of LandBridge in a research report on Monday, November 24th. Finally, Raymond James Financial downgraded LandBridge from a “moderate buy” rating to a “strong sell” rating in a report on Friday, December 5th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $73.33.

LandBridge Price Performance

The company’s 50-day simple moving average is $59.56 and its 200 day simple moving average is $58.82. The company has a market capitalization of $4.10 billion, a P/E ratio of 75.17 and a beta of 0.25. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.52.

LandBridge (NYSE:LB) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). LandBridge had a return on equity of 4.63% and a net margin of 13.72%.The business had revenue of $50.83 million during the quarter, compared to the consensus estimate of $49.13 million. As a group, sell-side analysts expect that LandBridge Company LLC will post 0.99 earnings per share for the current fiscal year.

LandBridge Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, December 4th. LandBridge’s payout ratio is presently 57.14%.

Insider Activity

In other news, Director Point Energy Fund Aiv- Five II sold 2,500,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $70.00, for a total value of $175,000,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 70.42% of the company’s stock.

Institutional Trading of LandBridge

Institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its stake in shares of LandBridge by 110.6% in the 2nd quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock valued at $27,000 after purchasing an additional 209 shares in the last quarter. US Bancorp DE bought a new stake in LandBridge during the 1st quarter worth about $28,000. Uniplan Investment Counsel Inc. acquired a new position in LandBridge in the first quarter valued at approximately $30,000. Banque Transatlantique SA acquired a new position in shares of LandBridge in the 1st quarter valued at $34,000. Finally, Deutsche Bank AG acquired a new position in LandBridge in the first quarter valued at about $55,000.

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. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.