LandBridge (NYSE:LB) Stock Price Up 8.6% – What’s Next?

Shares of LandBridge Company LLC (NYSE:LB) traded up 8.6% on Tuesday . The stock traded as high as $74.80 and last traded at $75.8750. Approximately 83,810 shares changed hands during trading, a decline of 81% from the average daily volume of 436,587 shares. The stock had previously closed at $69.85.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Zacks Research raised shares of LandBridge from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LandBridge in a research note on Wednesday, April 8th. The Goldman Sachs Group set a $84.00 target price on shares of LandBridge in a report on Thursday, May 28th. Piper Sandler restated a “neutral” rating and set a $66.00 price target (up from $65.00) on shares of LandBridge in a report on Friday, May 8th. Finally, Wells Fargo & Company lifted their price target on shares of LandBridge from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, March 18th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, LandBridge currently has an average rating of “Hold” and a consensus price target of $76.17.

LandBridge Trading Up 12.5%

The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of 80.94 and a beta of 0.08. The business’s 50-day simple moving average is $68.84 and its two-hundred day simple moving average is $64.47. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.66.

LandBridge (NYSE:LB) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.44). The company had revenue of $51.01 million during the quarter, compared to analyst estimates of $58.72 million. LandBridge had a return on equity of 4.34% and a net margin of 15.71%.The business’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 earnings per share. Equities analysts forecast that LandBridge Company LLC will post 1.48 earnings per share for the current year.

LandBridge Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, June 4th. LandBridge’s dividend payout ratio is 49.48%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC grew its stake in shares of LandBridge by 110.6% in the second quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock valued at $27,000 after buying an additional 209 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in LandBridge during the 4th quarter worth about $33,000. EverSource Wealth Advisors LLC lifted its stake in LandBridge by 564.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 518 shares of the company’s stock worth $36,000 after acquiring an additional 440 shares in the last quarter. Quattro Advisors LLC purchased a new position in LandBridge during the 4th quarter valued at about $36,000. Finally, Galaxy Group Investments LLC acquired a new position in LandBridge in the 4th quarter valued at about $36,000.

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.