LandBridge Co LLC (NYSE:LB) Announces $0.10 Dividend

LandBridge Co LLC (NYSE:LB) announced a dividend on Wednesday, November 6th,NASDAQ Dividends reports. Stockholders of record on Thursday, December 5th will be paid a dividend of 0.10 per share on Thursday, December 19th. The ex-dividend date of this dividend is Thursday, December 5th.

LandBridge Stock Up 11.1 %

Shares of NYSE:LB traded up $6.85 during midday trading on Thursday, hitting $68.39. The company had a trading volume of 748,113 shares, compared to its average volume of 352,608. The business has a fifty day moving average of $45.08. LandBridge has a 12 month low of $18.75 and a 12 month high of $71.60.

Wall Street Analysts Forecast Growth

LB has been the subject of several research analyst reports. Johnson Rice began coverage on shares of LandBridge in a report on Wednesday, July 24th. They set a “buy” rating and a $35.00 price target for the company. Wells Fargo & Company raised their target price on shares of LandBridge from $34.00 to $36.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Pickering Energy Partners assumed coverage on shares of LandBridge in a report on Tuesday, July 23rd. They set an “outperform” rating on the stock. Janney Montgomery Scott assumed coverage on shares of LandBridge in a report on Thursday, July 25th. They issued a “buy” rating and a $36.00 target price on the stock. Finally, The Goldman Sachs Group raised their target price on shares of LandBridge from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.57.

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.