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

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

LandBridge Trading Up 11.1 %

Shares of NYSE:LB traded up $6.85 during midday trading on Thursday, hitting $68.39. The stock had a trading volume of 748,113 shares, compared to its average volume of 352,608. The stock has a 50-day moving average price of $45.08. LandBridge has a fifty-two week low of $18.75 and a fifty-two week high of $71.60.

Analyst Upgrades and Downgrades

LB has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on shares of LandBridge from $34.00 to $36.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. The Goldman Sachs Group boosted their price target on LandBridge from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Barclays raised their price objective on LandBridge from $29.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Johnson Rice began coverage on LandBridge in a research note on Wednesday, July 24th. They set a “buy” rating and a $35.00 target price for the company. Finally, Pickering Energy Partners started coverage on shares of LandBridge in a report on Tuesday, July 23rd. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.