WINTON GROUP Ltd Invests $648,000 in Liberty Energy Inc. $LBRT

WINTON GROUP Ltd bought a new position in shares of Liberty Energy Inc. (NYSE:LBRT) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 35,092 shares of the company’s stock, valued at approximately $648,000.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake 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 worth $334,060,000 after acquiring an additional 97,998 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Liberty Energy by 78.5% during the 3rd quarter. Franklin Resources Inc. now owns 8,575,840 shares of the company’s stock worth $105,826,000 after acquiring an additional 3,771,724 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Liberty Energy by 28.2% during the 3rd quarter. American Century Companies Inc. now owns 7,809,390 shares of the company’s stock worth $96,368,000 after acquiring an additional 1,716,007 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Liberty Energy by 21.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,967,041 shares of the company’s stock worth $34,062,000 after acquiring an additional 529,023 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Liberty Energy by 1,529.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,753,357 shares of the company’s stock worth $33,976,000 after acquiring an additional 2,584,359 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Piper Sandler raised their price target on shares of Liberty Energy from $32.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. UBS Group reaffirmed a “buy” rating on shares of Liberty Energy in a research note on Tuesday, May 26th. Stifel Nicolaus raised their price target on shares of Liberty Energy from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $32.00 price target on shares of Liberty Energy in a research note on Friday, April 24th. Finally, Morgan Stanley set a $36.00 price target on shares of Liberty Energy in a research note on Monday, April 27th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.18.

Liberty Energy Stock Up 0.3%

LBRT stock opened at $28.22 on Thursday. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 8.41 and a beta of 0.51. The company has a current ratio of 2.21, a quick ratio of 1.97 and a debt-to-equity ratio of 0.75. Liberty Energy Inc. has a 12 month low of $9.90 and a 12 month high of $34.48. The firm has a 50-day moving average of $30.44 and a two-hundred day moving average of $25.69.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.19. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $954.71 million. Liberty Energy had a net margin of 3.71% and a return on equity of 1.41%. Liberty Energy’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 EPS. As a group, analysts forecast that Liberty Energy Inc. will post 0.07 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a $0.09 dividend. The ex-dividend date is Thursday, June 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.3%. Liberty Energy’s dividend payout ratio is presently 39.56%.

Insider Transactions at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 3,333 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $31.00, for a total value of $103,323.00. Following the completion of the sale, the chief financial officer owned 783,710 shares in the company, valued at approximately $24,295,010. This represents a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman William F. Kimble sold 7,350 shares of the 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 completion of the sale, the chairman owned 89,805 shares of the company’s stock, valued at approximately $3,046,185.60. The trade was a 7.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 44,013 shares of company stock valued at $1,414,929. 2.00% of the stock is owned by 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.