Vanguard Group Inc. Has $222.10 Million Stock Holdings in Liberty Energy Inc. $LBRT

Vanguard Group Inc. decreased its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,998,445 shares of the company’s stock after selling 510,109 shares during the quarter. Vanguard Group Inc. owned approximately 11.11% of Liberty Energy worth $222,101,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of LBRT. American Century Companies Inc. raised its stake in shares of Liberty Energy by 10.6% in the second quarter. American Century Companies Inc. now owns 6,093,383 shares of the company’s stock worth $69,952,000 after acquiring an additional 584,774 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Liberty Energy by 21.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,967,041 shares of the company’s stock valued at $34,062,000 after purchasing an additional 529,023 shares during the period. Bank of New York Mellon Corp boosted its holdings in Liberty Energy by 20.4% during the second quarter. Bank of New York Mellon Corp now owns 2,161,558 shares of the company’s stock worth $24,815,000 after purchasing an additional 365,506 shares during the last quarter. Sourcerock Group LLC acquired a new position in shares of Liberty Energy during the 2nd quarter worth approximately $23,653,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Liberty Energy by 23.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,876,443 shares of the company’s stock valued at $23,155,000 after purchasing an additional 355,576 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Liberty Energy Stock Up 0.5%

LBRT opened at $28.05 on Monday. Liberty Energy Inc. has a twelve month low of $9.50 and a twelve month high of $28.65. The company’s 50-day moving average price is $22.45 and its two-hundred day moving average price is $17.33. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 31.51 and a beta of 0.48. The company has a quick ratio of 0.96, a current ratio of 1.22 and a debt-to-equity ratio of 0.22.

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. Liberty Energy had a net margin of 3.69% and a return on equity of 1.24%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $880.59 million. During the same quarter in the previous year, the firm posted $0.10 EPS. Liberty Energy’s revenue was up 10.1% on a year-over-year basis. As a group, equities analysts expect that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

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 given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis 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 news, insider R Sean Elliott sold 25,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael Stock sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $25.38, for a total transaction of $634,500.00. Following the sale, the chief financial officer owned 784,819 shares in the company, valued at $19,918,706.22. The trade was a 3.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LBRT. 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 research note on Tuesday, February 17th. UBS Group reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Liberty Energy in a research note on Friday, January 30th. Barclays raised their price target on shares of Liberty Energy from $17.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. Stifel Nicolaus raised their price target on shares of Liberty Energy from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Finally, TD Cowen boosted their target price on shares of Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Seven research 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 a consensus price target of $26.08.

Liberty Energy Company 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.