LandBridge Company LLC (NYSE:LB) Declares Quarterly Dividend of $0.12

LandBridge Company LLC (NYSE:LB) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Thursday, August 27th will be paid a dividend of 0.12 per share on Thursday, September 10th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 27th.

LandBridge has a dividend payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect LandBridge to earn $2.15 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 22.3%.

LandBridge Trading Up 7.1%

Shares of LandBridge stock traded up $5.39 on Thursday, hitting $81.02. 216,427 shares of the company’s stock traded hands, compared to its average volume of 412,743. The firm’s 50-day moving average price is $72.44 and its two-hundred day moving average price is $69.14. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.15 and a quick ratio of 3.15. The stock has a market capitalization of $6.25 billion, a PE ratio of 83.69 and a beta of 0.06. LandBridge has a one year low of $43.75 and a one year high of $85.60.

LandBridge (NYSE:LB) last released its earnings results on Wednesday, May 6th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.32). The company had revenue of $51.01 million during the quarter, compared to analyst estimates of $58.72 million. LandBridge had a net margin of 15.71% and a return on equity of 4.34%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. On average, research analysts expect that LandBridge will post 1.48 EPS for the current fiscal year.

Institutional Trading of LandBridge

Hedge funds and other institutional investors have recently made changes to their positions in the business. Annex Advisory Services LLC boosted its position in LandBridge by 11.9% during the second quarter. Annex Advisory Services LLC now owns 33,466 shares of the company’s stock valued at $2,652,000 after purchasing an additional 3,556 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of LandBridge during the 2nd quarter worth approximately $254,000. Bank of America Corp DE raised its stake in shares of LandBridge by 996.1% during the 1st quarter. Bank of America Corp DE now owns 64,933 shares of the company’s stock worth $4,484,000 after purchasing an additional 59,009 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of LandBridge by 58.7% in the 1st quarter. Janus Henderson Group PLC now owns 14,325 shares of the company’s stock valued at $990,000 after buying an additional 5,300 shares during the last quarter. Finally, Adalta Capital Management LLC bought a new position in shares of LandBridge in the first quarter valued at $779,000.

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