** Shares of oil-rich Permian Basin landowner LandBridge LB.N down 2.1% at $73 premarket after secondary offering news

** Houston-based LB commences 2.5 mln share offering by Landbridge Holdings LLC, controlled by private equity firm Five Point Energy

** With the sale, Five Point's holdings go to ~48.6 mln (Class B shares) out of LB's ~77.1 mln total shares outstanding, per the offering prospectus

** Goldman Sachs sole bookrunner for offering

** Shares on Fri closed up 2% at $74.54. Stock had risen 40% over the past month, putting it up 15% YTD

** 5 of 9 analysts rate stock "buy", 4 rate "hold"; median PT is $74, per LSEG

** LB went public in Jun 2024 IPO priced at $17

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))