Liberty Energy Inc. $LBRT Stake Increased by GSA Capital Partners LLP

GSA Capital Partners LLP increased its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 144.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,946 shares of the company’s stock after buying an additional 54,282 shares during the quarter. GSA Capital Partners LLP owned 0.06% of Liberty Energy worth $1,135,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of LBRT. SummerHaven Investment Management LLC purchased a new position in Liberty Energy in the third quarter valued at about $838,000. American Century Companies Inc. raised its stake in shares of Liberty Energy by 10.6% during the 2nd quarter. American Century Companies Inc. now owns 6,093,383 shares of the company’s stock worth $69,952,000 after purchasing an additional 584,774 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Liberty Energy by 112.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 38,055 shares of the company’s stock valued at $437,000 after buying an additional 20,158 shares during the last quarter. Peregrine Capital Management LLC lifted its holdings in shares of Liberty Energy by 33.9% during the 2nd quarter. Peregrine Capital Management LLC now owns 317,895 shares of the company’s stock valued at $3,649,000 after buying an additional 80,403 shares during the last quarter. Finally, Callodine Capital Management LP grew its stake in shares of Liberty Energy by 203.3% in the 2nd quarter. Callodine Capital Management LP now owns 1,057,000 shares of the company’s stock valued at $12,134,000 after buying an additional 708,453 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Energy Stock Down 0.9%

LBRT stock opened at $26.88 on Friday. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 30.20 and a beta of 0.49. The company has a 50-day moving average of $21.29 and a two-hundred day moving average of $16.57. Liberty Energy Inc. has a 52-week low of $9.50 and a 52-week high of $27.85. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.22 and a quick ratio of 0.96.

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

Liberty Energy Announces Dividend

The firm also recently disclosed 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. This represents a $0.36 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, March 4th. Liberty Energy’s dividend payout ratio is currently 40.45%.

Insider Transactions at Liberty Energy

In other Liberty Energy news, insider R Sean Elliott sold 25,000 shares of the 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. This represents a 6.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Stock 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 $25.38, for a total transaction of $634,500.00. Following the completion of the sale, the chief financial officer owned 784,819 shares in the company, valued at $19,918,706.22. This represents a 3.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LBRT shares. Barclays increased their price target on shares of Liberty Energy from $17.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 3rd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Liberty Energy in a report on Thursday, January 15th. Piper Sandler raised shares of Liberty Energy from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $17.00 to $32.00 in a research report on Monday, February 2nd. Bank of America upgraded Liberty Energy from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Tuesday. Finally, UBS Group reiterated a “buy” rating and set a $34.00 price target on shares of Liberty Energy in a research note on Friday, January 30th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.08.

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.