30,694 Shares in Liberty Energy Inc. $LBRT Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC acquired a new position in shares of Liberty Energy Inc. (NYSE:LBRT) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 30,694 shares of the company’s stock, valued at approximately $884,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC lifted its position in shares of Liberty Energy by 79.6% during the 1st quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock valued at $26,000 after acquiring an additional 405 shares during the period. GHP Investment Advisors Inc. bought a new position in shares of Liberty Energy in the first quarter worth $39,000. Los Angeles Capital Management LLC bought a new position in shares of Liberty Energy in the fourth quarter worth $29,000. First Horizon Corp increased its position in shares of Liberty Energy by 58.2% in the fourth quarter. First Horizon Corp now owns 1,620 shares of the company’s stock worth $30,000 after purchasing an additional 596 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Liberty Energy in the fourth quarter valued at about $32,000. 98.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, 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 value of $249,312.00. Following the completion of the transaction, the chairman owned 89,805 shares of the company’s stock, valued at approximately $3,046,185.60. This represents a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Stock sold 19,998 shares of the 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 transaction, the chief financial officer directly owned 800,375 shares of the company’s stock, valued at $26,796,555. This trade represents a 2.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 54,012 shares of company stock valued at $1,673,803. Insiders own 2.00% of the company’s stock.

Liberty Energy Trading Up 0.2%

Shares of LBRT opened at $23.85 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.97 and a current ratio of 2.21. Liberty Energy Inc. has a 52-week low of $9.90 and a 52-week high of $34.48. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 2.05 and a beta of 0.54. The business’s fifty day moving average is $30.03 and its 200-day moving average is $26.59.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.19. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $954.71 million. Liberty Energy had a return on equity of 1.41% and a net margin of 3.71%.Liberty Energy’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.04 EPS. Equities analysts anticipate that Liberty Energy Inc. will post 0.24 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.36 annualized dividend and a yield of 1.5%. Liberty Energy’s payout ratio is presently 39.56%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LBRT. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $32.00 price objective on shares of Liberty Energy in a research report on Friday, April 24th. Stifel Nicolaus raised their target price on shares of Liberty Energy from $28.00 to $37.00 and gave the company a “buy” rating in a report on Friday, April 24th. The Goldman Sachs Group restated a “neutral” rating and issued a $31.00 target price on shares of Liberty Energy in a research report on Wednesday, June 3rd. Morgan Stanley set a $36.00 price target on shares of Liberty Energy in a report on Monday, April 27th. Finally, Zacks Research upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.18.

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.