LandBridge (NYSE:LB) Reaches New 12-Month Low – Time to Sell?

LandBridge Company LLC (NYSE:LB)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $48.11 and last traded at $48.70, with a volume of 214090 shares traded. The stock had previously closed at $50.22.

Analyst Ratings Changes

A number of research analysts have commented on LB shares. Wells Fargo & Company dropped their price objective on shares of LandBridge from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Piper Sandler raised their price target on LandBridge from $55.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, November 24th. Zacks Research raised LandBridge from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Barclays decreased their price objective on LandBridge from $66.00 to $57.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 14th. Finally, UBS Group reissued a “neutral” rating and issued a $65.00 target price on shares of LandBridge in a report on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.33.

LandBridge Stock Performance

The company has a debt-to-equity ratio of 0.52, a current ratio of 4.15 and a quick ratio of 4.15. The stock’s 50-day moving average is $59.36 and its 200 day moving average is $57.63. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 69.06 and a beta of 0.25.

LandBridge (NYSE:LB) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $49.13 million. As a group, analysts predict that LandBridge Company LLC will post 0.99 earnings per share for the current fiscal year.

LandBridge Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend 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 stock in a transaction dated Tuesday, November 18th. The shares were 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 Securities & Exchange Commission, which is accessible through this link. 70.42% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LandBridge

Several institutional investors and hedge funds have recently made changes to their positions in LB. Amundi acquired a new position in LandBridge in the first quarter valued at $5,763,000. Kingswood Wealth Advisors LLC boosted its stake in LandBridge by 50.9% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 44,891 shares of the company’s stock worth $3,034,000 after buying an additional 15,136 shares during the last quarter. Moors & Cabot Inc. grew its holdings in LandBridge by 8.2% in the 2nd quarter. Moors & Cabot Inc. now owns 176,264 shares of the company’s stock valued at $11,912,000 after buying an additional 13,338 shares during the period. Sigma Planning Corp increased its stake in shares of LandBridge by 79.5% during the 2nd quarter. Sigma Planning Corp now owns 9,034 shares of the company’s stock valued at $611,000 after acquiring an additional 4,001 shares during the last quarter. Finally, Atlas Wealth Partners LLC lifted its holdings in shares of LandBridge by 58.1% during the 2nd quarter. Atlas Wealth Partners LLC now owns 18,415 shares of the company’s stock worth $1,244,000 after acquiring an additional 6,770 shares during the period.

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.