Liberty Energy Inc. $LBRT Stock Holdings Lowered by Royce & Associates LP

Royce & Associates LP lessened its position in Liberty Energy Inc. (NYSE:LBRT) by 6.1% during the third quarter, Holdings Channel reports. The fund owned 523,458 shares of the company’s stock after selling 34,128 shares during the quarter. Royce & Associates LP’s holdings in Liberty Energy were worth $6,459,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LBRT. Smartleaf Asset Management LLC grew its position in Liberty Energy by 213.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,607 shares of the company’s stock worth $42,000 after purchasing an additional 2,457 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its position in shares of Liberty Energy by 931.1% during the third quarter. Aster Capital Management DIFC Ltd now owns 5,372 shares of the company’s stock worth $66,000 after buying an additional 4,851 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Liberty Energy by 460.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,832 shares of the company’s stock worth $67,000 after buying an additional 4,791 shares in the last quarter. Covestor Ltd grew its holdings in Liberty Energy by 32.6% in the 3rd quarter. Covestor Ltd now owns 6,358 shares of the company’s stock worth $78,000 after buying an additional 1,562 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in Liberty Energy by 31.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 6,429 shares of the company’s stock valued at $79,000 after acquiring an additional 1,521 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

Liberty Energy Trading Down 1.7%

NYSE:LBRT opened at $27.37 on Thursday. The stock has a market cap of $4.44 billion, a PE ratio of 30.75 and a beta of 0.48. Liberty Energy Inc. has a fifty-two week low of $9.50 and a fifty-two week high of $28.94. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.22 and a quick ratio of 0.96. The stock’s 50-day moving average is $23.01 and its two-hundred day moving average is $17.64.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings data 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. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $880.59 million. Liberty Energy had a return on equity of 1.24% and a net margin of 3.69%.The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 earnings per share. As a group, equities research analysts forecast that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, March 4th. Liberty Energy’s dividend payout ratio (DPR) is presently 40.45%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LBRT shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Liberty Energy in a research report on Thursday, January 15th. JPMorgan Chase & Co. raised shares of Liberty Energy from a “neutral” rating to an “overweight” rating and set a $24.00 price objective for the company in a report on Wednesday, December 10th. TD Cowen increased their target price on shares of Liberty Energy from $19.00 to $21.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Morgan Stanley boosted their price target on shares of Liberty Energy from $23.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Liberty Energy in a research note on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Liberty Energy currently has an average rating of “Moderate Buy” and an average price target of $26.42.

Insider Buying and Selling at Liberty Energy

In related news, CFO Michael Stock sold 25,000 shares of Liberty Energy stock in a transaction on Friday, February 6th. The shares were sold at an average price of $25.38, for a total value of $634,500.00. Following the completion of the sale, the chief financial officer owned 784,819 shares of the company’s stock, valued at approximately $19,918,706.22. The trade was 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 the 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. 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.

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.