LandBridge Company LLC (LB) To Go Ex-Dividend on March 5th

LandBridge Company LLC (NYSE:LB) announced a quarterly dividend on Wednesday, February 25th. Investors of record on Thursday, March 5th will be paid a dividend of 0.12 per share on Thursday, March 19th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, March 5th. This is a 20.0% increase from LandBridge’s previous quarterly dividend of $0.10.

LandBridge has a dividend payout ratio of 11.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect LandBridge to earn $1.61 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 24.8%.

LandBridge Stock Performance

NYSE:LB opened at $74.24 on Friday. LandBridge has a twelve month low of $43.75 and a twelve month high of $87.60. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.52. The stock’s 50-day simple moving average is $56.97 and its 200 day simple moving average is $56.71. The firm has a market capitalization of $5.78 billion, a PE ratio of 106.06 and a beta of 0.43.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Raymond James Financial cut shares of LandBridge from a “moderate buy” rating to a “strong sell” rating in a research note on Friday, December 5th. Janney Montgomery Scott cut LandBridge from a “buy” rating to a “neutral” rating in a report on Thursday, November 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of LandBridge in a research report on Friday, January 9th. Wells Fargo & Company reduced their price target on shares of LandBridge from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Finally, Zacks Research lowered shares of LandBridge from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, LandBridge presently has an average rating of “Hold” and an average target price of $73.33.

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.