LandBridge’s (LB) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their hold (c) rating on shares of LandBridge (NYSE:LB) in a research note issued to investors on Tuesday morning,Weiss Ratings reports.

LB has been the subject of a number of other reports. Piper Sandler reduced their target price on shares of LandBridge from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, August 15th. Barclays reduced their target price on shares of LandBridge from $66.00 to $57.00 and set an “equal weight” rating for the company in a report on Tuesday. Zacks Research cut shares of LandBridge from a “hold” rating to a “strong sell” rating in a report on Friday, October 10th. Finally, Raymond James Financial reduced their target price on shares of LandBridge from $85.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, LandBridge presently has an average rating of “Hold” and a consensus target price of $65.50.

LandBridge Stock Performance

NYSE LB opened at $53.47 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 4.26 and a quick ratio of 4.26. LandBridge has a 1 year low of $48.55 and a 1 year high of $87.60. The company has a market capitalization of $4.09 billion, a PE ratio of 15.02 and a beta of 0.14. The company has a fifty day moving average of $53.09 and a two-hundred day moving average of $62.80.

LandBridge Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.40 dividend on an annualized basis and a yield of 0.7%. LandBridge’s dividend payout ratio (DPR) is 11.24%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LB. Atlas Wealth Partners LLC grew its position in shares of LandBridge by 69.7% in the first quarter. Atlas Wealth Partners LLC now owns 11,645 shares of the company’s stock valued at $838,000 after purchasing an additional 4,781 shares during the last quarter. Sigma Planning Corp acquired a new stake in shares of LandBridge in the first quarter valued at approximately $362,000. Penserra Capital Management LLC acquired a new stake in shares of LandBridge in the first quarter valued at approximately $1,788,000. Entropy Technologies LP acquired a new stake in shares of LandBridge in the first quarter valued at approximately $554,000. Finally, Amundi acquired a new stake in shares of LandBridge in the first quarter valued at approximately $5,763,000.

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.