GSA Capital Partners LLP Purchases 54,282 Shares of Liberty Energy Inc. $LBRT

GSA Capital Partners LLP lifted its position in Liberty Energy Inc. (NYSE:LBRT) by 144.1% in the third quarter, HoldingsChannel.com reports. The firm owned 91,946 shares of the company’s stock after acquiring an additional 54,282 shares during the period. GSA Capital Partners LLP’s holdings in Liberty Energy were worth $1,135,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LBRT. JPMorgan Chase & Co. increased its holdings in 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 buying an additional 355,576 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Liberty Energy by 15.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,510 shares of the company’s stock worth $93,000 after acquiring an additional 1,025 shares during the period. Florida Financial Advisors LLC acquired a new stake in shares of Liberty Energy during the 3rd quarter valued at about $1,318,000. Public Sector Pension Investment Board boosted its position in shares of Liberty Energy by 14.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 631,757 shares of the company’s stock valued at $7,796,000 after acquiring an additional 80,322 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its stake in Liberty Energy by 15.7% in the third quarter. Illinois Municipal Retirement Fund now owns 87,752 shares of the company’s stock valued at $1,083,000 after acquiring an additional 11,923 shares during the period. 98.22% of the stock is owned by institutional investors.

Liberty Energy Stock Performance

Shares of NYSE:LBRT opened at $26.88 on Friday. The business has a fifty day moving average of $21.29 and a 200-day moving average of $16.57. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.96 and a current ratio of 1.22. Liberty Energy Inc. has a twelve month low of $9.50 and a twelve month high of $27.85. The firm has a market cap of $4.36 billion, a PE ratio of 30.20 and a beta of 0.49.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data 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 firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $880.59 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The company’s revenue was up 10.1% on a year-over-year basis. On average, equities research analysts predict that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The business 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 $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, March 4th. Liberty Energy’s payout ratio is 40.45%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Zacks Research upgraded shares of Liberty Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 15th. Citigroup increased their target price on Liberty Energy from $21.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday. Stifel Nicolaus raised their target price on Liberty Energy from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Liberty Energy in a research report on Thursday, January 15th. Finally, Morgan Stanley lifted their price objective on Liberty Energy from $23.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.08.

Insider Buying and Selling

In other Liberty Energy news, CFO Michael Stock sold 25,000 shares of the company’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 transaction, the chief financial officer owned 784,819 shares of the company’s stock, valued at approximately $19,918,706.22. This represents a 3.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arjun N. Murti acquired 9,696 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was purchased at an average price of $25.79 per share, for a total transaction of $250,059.84. Following the completion of the transaction, the director directly owned 27,568 shares in the company, valued at approximately $710,978.72. The trade was a 54.25% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.90% of the stock is currently owned by corporate insiders.

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.