Liberty Energy Inc. $LBRT Holdings Raised by Sei Investments Co.

Sei Investments Co. increased its position in shares of Liberty Energy Inc. (NYSE:LBRT) by 54.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 983,706 shares of the company’s stock after purchasing an additional 346,239 shares during the period. Sei Investments Co.’s holdings in Liberty Energy were worth $28,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in LBRT. Vanguard Group Inc. grew its position in shares of Liberty Energy by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 18,096,443 shares of the company’s stock valued at $334,060,000 after buying an additional 97,998 shares during the last quarter. Round Rock Advisors LLC lifted its holdings in Liberty Energy by 65.3% in the fourth quarter. Round Rock Advisors LLC now owns 104,213 shares of the company’s stock worth $1,956,000 after acquiring an additional 41,163 shares during the last quarter. Strs Ohio lifted its holdings in Liberty Energy by 122.4% in the fourth quarter. Strs Ohio now owns 168,800 shares of the company’s stock worth $3,116,000 after acquiring an additional 92,900 shares during the last quarter. Pekin Hardy Strauss Inc. acquired a new position in Liberty Energy in the fourth quarter valued at approximately $629,000. Finally, UBS Group AG boosted its stake in Liberty Energy by 20.3% in the fourth quarter. UBS Group AG now owns 790,706 shares of the company’s stock valued at $14,596,000 after acquiring an additional 133,167 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Liberty Energy Stock Performance

LBRT opened at $16.85 on Tuesday. The business’s 50 day moving average is $26.88 and its 200-day moving average is $27.19. The stock has a market cap of $2.75 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 1.42 and a beta of 0.54. The company has a current ratio of 1.99, a quick ratio of 1.75 and a debt-to-equity ratio of 0.74. Liberty Energy Inc. has a twelve month low of $9.90 and a twelve month high of $34.48.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the company posted $0.12 EPS. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, analysts predict that Liberty Energy Inc. will post 0.28 earnings per share for the current year.

Liberty Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LBRT. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Energy in a research report on Friday, May 1st. Royal Bank Of Canada reduced their price objective on Liberty Energy from $34.00 to $29.00 and set a “sector perform” rating for the company in a research report on Friday. Stifel Nicolaus lowered their price objective on Liberty Energy from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Friday. Barclays increased their target price on Liberty Energy from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, Morgan Stanley set a $32.00 target price on Liberty Energy in a research note on Friday. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.09.

Insider Buying and Selling at Liberty Energy

In related news, Chairman William F. Kimble sold 7,350 shares of Liberty Energy stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $33.92, for a total transaction of $249,312.00. Following the sale, the chairman directly owned 89,805 shares in the company, valued at $3,046,185.60. The trade was a 7.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Stock sold 19,998 shares of the company’s stock in a transaction dated 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 directly owned 800,375 shares of the company’s stock, valued at $26,796,555. The trade was a 2.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 54,012 shares of company stock valued at $1,673,803. Company insiders own 2.00% 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.