Liberty Energy Inc. $LBRT Shares Sold by AlphaQuest LLC

AlphaQuest LLC reduced its stake in Liberty Energy Inc. (NYSE:LBRT) by 85.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,384 shares of the company’s stock after selling 24,999 shares during the period. AlphaQuest LLC’s holdings in Liberty Energy were worth $54,000 at the end of the most recent reporting period.

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

Liberty Energy Price Performance

LBRT opened at $25.90 on Monday. The company has a market capitalization of $4.20 billion, a P/E ratio of 29.10 and a beta of 0.49. The company has a 50-day moving average of $20.75 and a 200-day moving average of $16.22. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.96 and a current ratio of 1.22. Liberty Energy Inc. has a 1-year low of $9.50 and a 1-year high of $27.21.

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

Liberty Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be given a $0.09 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $0.36 annualized dividend and a dividend yield of 1.4%. Liberty Energy’s dividend payout ratio (DPR) is presently 40.45%.

Insider Buying and Selling

In related news, insider R Sean Elliott sold 25,000 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $25.40, for a total transaction of $635,000.00. Following the transaction, the insider directly owned 343,150 shares in the company, valued at $8,716,010. This trade represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael Stock sold 25,000 shares of Liberty Energy stock in a transaction on Friday, February 6th. The stock was sold at an average price of $25.38, for a total transaction of $634,500.00. Following the completion of the transaction, the chief financial officer directly owned 784,819 shares of the company’s stock, valued at approximately $19,918,706.22. This represents a 3.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Liberty Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Stifel Nicolaus upped their target price on shares of Liberty Energy from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Citigroup raised shares of Liberty Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $12.00 to $21.00 in a research note on Tuesday, October 21st. UBS Group reiterated a “buy” rating and issued a $34.00 price objective on shares of Liberty Energy in a report on Friday, January 30th. Finally, Morgan Stanley upped their price objective on shares of Liberty Energy from $23.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.64.

Liberty Energy Profile

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.