LandBridge (NYSE:LB) Sees Unusually-High Trading Volume – Should You Buy?

Shares of LandBridge Co LLC (NYSE:LB) saw an uptick in trading volume on Tuesday . 759,990 shares changed hands during trading, an increase of 64% from the previous session’s volume of 463,395 shares.The stock last traded at $78.26 and had previously closed at $74.75.

Analyst Upgrades and Downgrades

LB has been the subject of several recent research reports. Royal Bank of Canada restated an “underperform” rating and set a $25.00 price target on shares of LandBridge in a research report on Tuesday, December 10th. Piper Sandler boosted their price target on LandBridge from $39.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Barclays raised their price target on LandBridge from $38.00 to $79.00 and gave the company an “equal weight” rating in a report on Friday. Finally, The Goldman Sachs Group restated a “buy” rating and set a $71.00 price target on shares of LandBridge in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.67.

LandBridge Price Performance

The stock’s fifty day simple moving average is $67.67 and its two-hundred day simple moving average is $50.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.73 and a quick ratio of 0.73.

LandBridge Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a $0.10 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.49%.

Institutional Trading of LandBridge

Large investors have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of LandBridge by 40.5% during the 3rd quarter. FMR LLC now owns 2,378,121 shares of the company’s stock valued at $93,032,000 after buying an additional 686,070 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its position in LandBridge by 10.3% during the third quarter. Horizon Kinetics Asset Management LLC now owns 5,190,867 shares of the company’s stock valued at $203,067,000 after acquiring an additional 484,968 shares in the last quarter. Schwartz Investment Counsel Inc. lifted its stake in LandBridge by 617.7% in the third quarter. Schwartz Investment Counsel Inc. now owns 422,168 shares of the company’s stock valued at $16,515,000 after acquiring an additional 363,345 shares during the last quarter. Mad River Investors bought a new stake in LandBridge in the third quarter worth approximately $9,097,000. Finally, Moors & Cabot Inc. acquired a new position in shares of LandBridge during the 3rd quarter worth $4,302,000.

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.