LandBridge Co LLC to Issue Quarterly Dividend of $0.10 (NYSE:LB)

LandBridge Co LLC (NYSE:LB) declared a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Investors of record on Thursday, December 5th will be paid a dividend of 0.10 per share on Thursday, December 19th. This represents a $0.40 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Thursday, December 5th.

LandBridge Stock Up 11.1 %

Shares of NYSE LB opened at $68.39 on Friday. LandBridge has a 12 month low of $18.75 and a 12 month high of $71.60. The company’s 50 day simple moving average is $45.72.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LB shares. Wells Fargo & Company upped their target price on LandBridge from $34.00 to $36.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. The Goldman Sachs Group upped their price objective on LandBridge from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Pickering Energy Partners initiated coverage on shares of LandBridge in a report on Tuesday, July 23rd. They set an “outperform” rating for the company. Raymond James started coverage on shares of LandBridge in a report on Tuesday, July 23rd. They set an “outperform” rating and a $34.00 price target on the stock. Finally, 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 price objective for the company. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average 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.