LandBridge Co LLC (LB) to Issue Quarterly Dividend of $0.10 on March 20th

LandBridge Co LLC (NYSE:LB) declared a quarterly dividend on Friday, February 21st, RTT News reports. Investors of record on Thursday, March 6th will be given a dividend of 0.10 per share on Thursday, March 20th. This represents a $0.40 dividend on an annualized basis and a yield of 0.61%.

LandBridge Stock Performance

LandBridge stock opened at $65.70 on Friday. The company has a 50 day moving average price of $68.19 and a 200 day moving average price of $56.68. LandBridge has a 52 week low of $18.75 and a 52 week high of $84.70. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.60.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Raymond James increased their target price on shares of LandBridge from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Piper Sandler increased their target price on shares of LandBridge from $39.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Barclays increased their target price on shares of LandBridge from $38.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. The Goldman Sachs Group reiterated a “buy” rating and issued a $71.00 target price on shares of LandBridge in a research report on Friday, January 3rd. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $25.00 target price on shares of LandBridge in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, LandBridge presently has an average rating of “Moderate Buy” and an average price target of $53.33.

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.