LandBridge Company LLC Class A (LB)

Over the past six months, LandBridge Co. LLC experienced several stock events. In November 2025, the company announced strong Q3 results, closed an acquisition, and declared a dividend; the stock price rose significantly, followed by a director selling a large number of shares; analyst ratings were mixed. In December 2025, an ex-dividend date occurred, and Raymond James Financial downgraded the stock, while some articles suggested LandBridge as a favorable investment for 2026. In January 2026, the share price declined, reaching a 52-week low, before rising above its 15-day moving average; the market cap was $1.32 billion, with a 52-week range between $43.75 and $87.60.

LandBridge Co. LLC's revenue streams are primarily activity-based, stemming from surface use fees, resource sales, and oil and gas royalties. Demand for LandBridge's products and services could be influenced by the overall activity levels in the oil and natural gas industry. The company's diversified revenue streams and expansion into areas like digital infrastructure aim to offset potential weaknesses from oil price volatility. Consistent quarterly revenue growth suggests a relatively stable or growing demand.

LandBridge Company LLC (LB), established in 2021 and based in Houston, Texas, is a land management firm focused on supporting oil and natural gas development in the United States. The company operates in the Energy sector, specifically in the Oil & Gas Equipment & Services industry, and aims to maximize the value of its surface acreage through leasing, development partnerships, and surface-use agreements. Its services include surface use fees and royalties, oil and gas royalties, resource sales, and digital infrastructure development.

LandBridge Company LLC owns approximately 277,000 to 300,000 surface acres across Texas and New Mexico, primarily in and around the Delaware Basin, a sub-basin within the Permian Basin. Its surface acreage is in Andrews, Loving, Reeves, Pecos, and Winkler Counties in Texas, and Eddy and Lea Counties in New Mexico. The company also holds oil and natural gas mineral interests in Loving and Reeves Counties, Texas.

LandBridge Company LLC's reputation appears generally positive, focusing on its strong business model and growth. The company is recognized for its high-margin, low-cost business model and strategic land acquisitions. Continued land acquisitions, strong financial performance, and analyst coverage have positively affected its reputation. However, a significant sale of shares by a director could be perceived negatively. The consensus rating is "Hold" with an average rating score of 2.40.

The ownership structure of LandBridge Company LLC is primarily institutional, with approximately 75.78% to 99.5% of the company's stock owned by institutional investors. Insiders own around 2.40% to 70.42% of the stock, with individual and public investors holding the remaining shares. Major institutional owners include Horizon Kinetics Asset Management LLC, First Manhattan Co, Morgan Stanley, Vanguard Group Inc, Fmr Llc, Hood River Capital Management LLC, Schwartz Investment Counsel Inc, and Raymond James Financial Inc. David N. Capobianco is the largest individual shareholder, owning 72.29% of the company. Insider buying has been observed, but insiders have sold significantly more shares in the past three months.