Analysts Set LandBridge Co LLC (NYSE:LB) Price Target at $53.33

LandBridge Co LLC (NYSE:LB) has been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $53.33.

Several equities research analysts have issued reports on LB shares. Barclays increased their target price on LandBridge from $38.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Raymond James increased their target price on 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 LandBridge from $39.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. The Goldman Sachs Group reiterated a “buy” rating and issued a $71.00 price objective 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 price objective on shares of LandBridge in a research report on Tuesday, December 10th.

LandBridge Stock Performance

NYSE:LB opened at $69.87 on Thursday. The stock’s fifty day moving average price is $67.14 and its two-hundred day moving average price is $54.78. LandBridge has a 1 year low of $18.75 and a 1 year high of $84.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.73 and a current ratio of 0.73.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its stake in LandBridge by 370.2% in the third quarter. HighTower Advisors LLC now owns 68,649 shares of the company’s stock valued at $2,688,000 after acquiring an additional 54,048 shares during the last quarter. OneDigital Investment Advisors LLC bought a new position in LandBridge in the third quarter valued at $383,000. FMR LLC increased its stake in LandBridge by 40.5% in the third quarter. FMR LLC now owns 2,378,121 shares of the company’s stock valued at $93,032,000 after acquiring an additional 686,070 shares during the last quarter. International Assets Investment Management LLC bought a new position in LandBridge in the third quarter valued at $1,836,000. Finally, Horizon Kinetics Asset Management LLC increased its stake in LandBridge by 10.3% in 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 during the last quarter.

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.