Landry and countryman Scheffler are four strokes clear atop the leaderboard after Saturday’s penultimate round.
A one-time winner on the PGA Tour, Landry climbed two positions thanks to his seven-under-par 65 in California.
Landry – playing the Nicklaus Tournament Course at PGA West – made a red-hot start with six birdies from his opening nine holes, including four in a row from the 14th.
Scheffler, who was tied for the 36-hole lead alongside Rickie Fowler, stayed top thanks to his six-under-par 66.
On the Stadium Course, Scheffler was bogey-free with six birdies throughout day three.
American star Fowler dropped down to third following his two-under-par 70, which included four birdies and two bogeys.
Ryan Moore (67) and Chase Seiffert (67) are a stroke further back at 16 under through 54 holes, a shot ahead of Andrew Putnam (65), Abraham Ancer (66) and Sebastian Cappelen (64).
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