Aventail Capital Group LP Has $7.56 Million Position in Liberty Energy Inc. $LBRT

Aventail Capital Group LP grew its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 22.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 409,502 shares of the company’s stock after acquiring an additional 74,865 shares during the quarter. Aventail Capital Group LP’s holdings in Liberty Energy were worth $7,559,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new stake in Liberty Energy during the 4th quarter worth about $29,000. First Horizon Corp grew its holdings in Liberty Energy by 58.2% during the 4th quarter. First Horizon Corp now owns 1,620 shares of the company’s stock worth $30,000 after acquiring an additional 596 shares during the period. International Assets Investment Management LLC acquired a new stake in Liberty Energy during the 4th quarter worth about $32,000. Quadrant Capital Group LLC grew its holdings in Liberty Energy by 39.9% during the 4th quarter. Quadrant Capital Group LLC now owns 2,140 shares of the company’s stock worth $40,000 after acquiring an additional 610 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Liberty Energy by 120.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the company’s stock worth $41,000 after acquiring an additional 1,200 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Michael Stock sold 3,333 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $31.00, for a total transaction of $103,323.00. Following the completion of the transaction, the chief financial officer directly owned 783,710 shares in the company, valued at $24,295,010. The trade was a 0.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman William F. Kimble sold 7,350 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $33.92, for a total transaction of $249,312.00. Following the transaction, the chairman owned 89,805 shares of the company’s stock, valued at $3,046,185.60. This trade represents a 7.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 44,013 shares of company stock worth $1,414,929 in the last three months. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Morgan Stanley set a $36.00 price target on Liberty Energy in a report on Monday, April 27th. The Goldman Sachs Group restated a “neutral” rating and issued a $31.00 target price on shares of Liberty Energy in a research note on Wednesday, June 3rd. Royal Bank Of Canada restated a “sector perform” rating and issued a $32.00 target price on shares of Liberty Energy in a research note on Friday, April 24th. Barclays raised their target price on Liberty Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Finally, UBS Group restated a “buy” rating on shares of Liberty Energy in a research note on Tuesday, May 26th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.18.

Liberty Energy Price Performance

Liberty Energy stock opened at $27.19 on Thursday. Liberty Energy Inc. has a 52 week low of $9.90 and a 52 week high of $34.48. The company’s 50 day moving average price is $30.41 and its two-hundred day moving average price is $26.06. The company has a quick ratio of 1.97, a current ratio of 2.21 and a debt-to-equity ratio of 0.75. The stock has a market cap of $4.44 billion, a P/E ratio of 29.88, a P/E/G ratio of 2.34 and a beta of 0.51.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.19. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $954.71 million. Liberty Energy had a net margin of 3.71% and a return on equity of 1.41%. Liberty Energy’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 EPS. On average, equities analysts predict that Liberty Energy Inc. will post 0.25 earnings per share for the current year.

Liberty Energy Dividend Announcement

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

Liberty Energy 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.