67,918 Shares in Liberty Energy Inc. $LBRT Purchased by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC bought a new stake in shares of Liberty Energy Inc. (NYSE:LBRT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 67,918 shares of the company’s stock, valued at approximately $838,000.

Other institutional investors also recently bought and sold shares of the company. Amalgamated Bank boosted its stake in shares of Liberty Energy by 1.8% in the third quarter. Amalgamated Bank now owns 46,915 shares of the company’s stock valued at $579,000 after purchasing an additional 819 shares during the period. Apollon Wealth Management LLC increased its stake in Liberty Energy by 0.7% during the 2nd quarter. Apollon Wealth Management LLC now owns 126,088 shares of the company’s stock worth $1,447,000 after buying an additional 829 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Liberty Energy by 4.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 21,486 shares of the company’s stock worth $247,000 after buying an additional 989 shares in the last quarter. California State Teachers Retirement System boosted its position in Liberty Energy by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 145,252 shares of the company’s stock valued at $1,667,000 after buying an additional 1,012 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Liberty Energy by 8.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 15,088 shares of the company’s stock valued at $186,000 after buying an additional 1,143 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LBRT has been the topic of several analyst reports. Wall Street Zen cut Liberty Energy from a “hold” rating to a “sell” rating in a research note on Sunday, October 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Liberty Energy in a research report on Wednesday, January 21st. Barclays lifted their price objective on Liberty Energy from $14.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Citigroup upgraded shares of Liberty Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $12.00 to $21.00 in a research note on Tuesday, October 21st. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Liberty Energy in a report on Thursday, January 15th. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Liberty Energy currently has a consensus rating of “Hold” and a consensus price target of $19.64.

Liberty Energy Trading Down 1.6%

NYSE:LBRT opened at $21.83 on Thursday. Liberty Energy Inc. has a 1 year low of $9.50 and a 1 year high of $22.63. The stock has a market cap of $3.54 billion, a P/E ratio of 19.49 and a beta of 0.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.32. The stock has a 50-day simple moving average of $19.08 and a 200-day simple moving average of $15.11.

Liberty Energy (NYSE:LBRT) last posted its earnings results on Wednesday, January 28th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.21. Liberty Energy had a return on equity of 1.69% and a net margin of 4.76%.The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share. As a group, analysts anticipate that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be issued a $0.09 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $0.36 annualized dividend and a dividend yield of 1.6%. Liberty Energy’s dividend payout ratio is presently 32.14%.

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.