Liberty Energy Inc. $LBRT Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its position in shares of Liberty Energy Inc. (NYSE:LBRT) by 54.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 983,706 shares of the company’s stock after acquiring an additional 346,239 shares during the quarter. Sei Investments Co. owned about 0.60% of Liberty Energy worth $28,331,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LBRT. Root Financial Partners LLC raised its holdings in Liberty Energy by 79.6% in the first quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock valued at $26,000 after buying an additional 405 shares during the period. Valued Wealth Advisors LLC acquired a new stake in shares of Liberty Energy in the first quarter worth $26,000. Summit Securities Group LLC purchased a new position in shares of Liberty Energy in the 1st quarter valued at $28,000. Kelleher Financial Advisors purchased a new position in shares of Liberty Energy in the 3rd quarter valued at $29,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Liberty Energy during the 4th quarter valued at $29,000. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LBRT has been the topic of a number of recent research reports. Morgan Stanley set a $32.00 price objective on Liberty Energy in a research note on Friday. Royal Bank Of Canada dropped their target price on Liberty Energy from $34.00 to $29.00 and set a “sector perform” rating on the stock in a report on Friday. Stifel Nicolaus reduced their price target on Liberty Energy from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday. Zacks Research lowered Liberty Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, Barclays increased their price objective on shares of Liberty Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.09.

Liberty Energy Stock Down 2.9%

Shares of Liberty Energy stock opened at $16.85 on Tuesday. The business has a 50-day moving average of $26.88 and a 200-day moving average of $27.19. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.99 and a quick ratio of 1.75. The company has a market capitalization of $2.75 billion, a PE ratio of 22.78, a P/E/G ratio of 1.42 and a beta of 0.54. Liberty Energy Inc. has a 1-year low of $9.90 and a 1-year high of $34.48.

Liberty Energy (NYSE:LBRT) last announced its earnings results on Wednesday, July 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Liberty Energy had a return on equity of 1.14% and a net margin of 2.92%.The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company earned $0.12 earnings per share. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, equities analysts forecast that Liberty Energy Inc. will post 0.28 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, September 4th. This represents a $0.36 annualized dividend and a yield of 2.1%. Liberty Energy’s payout ratio is currently 48.65%.

Insider Buying and Selling

In related news, Chairman William F. Kimble sold 7,350 shares of Liberty Energy stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $33.92, for a total value of $249,312.00. Following the completion of the sale, the chairman owned 89,805 shares in the company, valued at approximately $3,046,185.60. The trade was a 7.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Stock sold 19,998 shares of Liberty Energy stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $33.48, for a total transaction of $669,533.04. Following the completion of the sale, the chief financial officer owned 800,375 shares of the company’s stock, valued at approximately $26,796,555. This trade represents a 2.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 54,012 shares of company stock worth $1,673,803. 2.00% of the stock is currently owned by corporate insiders.

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.