Liberty Energy Inc. $LBRT Shares Acquired by CenterBook Partners LP

CenterBook Partners LP grew its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 101.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 106,789 shares of the company’s stock after purchasing an additional 53,871 shares during the period. CenterBook Partners LP owned approximately 0.07% of Liberty Energy worth $1,318,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in LBRT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Liberty Energy by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,205 shares of the company’s stock valued at $1,491,000 after buying an additional 4,095 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Liberty Energy by 1,992.2% during the first quarter. NewEdge Advisors LLC now owns 12,030 shares of the company’s stock valued at $190,000 after acquiring an additional 11,455 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Liberty Energy by 0.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 868,978 shares of the company’s stock valued at $13,756,000 after purchasing an additional 4,955 shares during the last quarter. Intech Investment Management LLC boosted its stake in Liberty Energy by 22.0% in the 1st quarter. Intech Investment Management LLC now owns 81,446 shares of the company’s stock worth $1,289,000 after purchasing an additional 14,663 shares in the last quarter. Finally, CWM LLC grew its position in Liberty Energy by 1,410.3% during the 2nd quarter. CWM LLC now owns 32,350 shares of the company’s stock worth $371,000 after purchasing an additional 30,208 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Liberty Energy Stock Performance

NYSE LBRT opened at $26.85 on Friday. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 30.17 and a beta of 0.49. Liberty Energy Inc. has a twelve month low of $9.50 and a twelve month high of $27.85. The company has a current ratio of 1.22, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $21.44 and a 200 day moving average of $16.67.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings results on Wednesday, January 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.21. Liberty Energy had a net margin of 3.69% and a return on equity of 1.24%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $880.59 million. During the same quarter last year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Sell-side analysts anticipate that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.3%. Liberty Energy’s dividend payout ratio (DPR) is currently 40.45%.

Insider Activity

In related news, CFO Michael Stock sold 25,000 shares of Liberty Energy stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $25.38, for a total value of $634,500.00. Following the completion of the sale, the chief financial officer owned 784,819 shares in the company, valued at approximately $19,918,706.22. This trade represents a 3.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider R Sean Elliott sold 25,000 shares of Liberty Energy stock in a transaction on Friday, February 6th. The shares were sold at an average price of $25.40, for a total value of $635,000.00. Following the completion of the sale, the insider directly owned 343,150 shares of the company’s stock, valued at $8,716,010. The trade was a 6.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on LBRT. Piper Sandler raised shares of Liberty Energy from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $17.00 to $32.00 in a report on Monday, February 2nd. UBS Group restated a “buy” rating and issued a $34.00 target price on shares of Liberty Energy in a research note on Friday, January 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Liberty Energy in a research note on Monday, December 29th. Morgan Stanley raised their price objective on Liberty Energy from $23.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Finally, Wall Street Zen raised Liberty Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $26.08.

About Liberty Energy

Liberty Energy Inc provides hydraulic services and related technologies to onshore oil and natural gas exploration, and production companies in North America. The company offers hydraulic fracturing services, including complementary services, such as wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas (CNG) delivery, data analytics, related goods comprising sand mine operations, and technologies; and well site fueling and logistics. As of as of December 31, 2023, the company owned and operated a fleet of approximately 40 active hydraulic fracturing; and two sand mines in the Permian Basin.