WINTON GROUP Ltd purchased a new position in Liberty Energy Inc. (NYSE:LBRT – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 35,092 shares of the company’s stock, valued at approximately $648,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kelleher Financial Advisors bought a new stake in Liberty Energy in the third quarter worth about $29,000. First Horizon Corp lifted its stake in 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 last quarter. International Assets Investment Management LLC bought a new stake in Liberty Energy in the fourth quarter worth about $32,000. Advisory Services Network LLC bought a new stake in Liberty Energy in the third quarter worth about $35,000. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Liberty Energy by 120.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the company’s stock worth $41,000 after purchasing an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.
Liberty Energy Stock Up 0.3%
Liberty Energy stock opened at $28.22 on Thursday. The business has a fifty day moving average of $30.44 and a two-hundred day moving average of $25.69. 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 firm has a market cap of $4.61 billion, a P/E ratio of 31.02, a P/E/G ratio of 8.41 and a beta of 0.51. Liberty Energy Inc. has a twelve month low of $9.90 and a twelve month high of $34.48.
Liberty Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. Liberty Energy’s dividend payout ratio (DPR) is currently 39.56%.
Insider Activity
In other Liberty Energy news, Chairman William F. Kimble sold 7,350 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $33.92, for a total transaction of $249,312.00. Following the sale, the chairman directly owned 89,805 shares of the company’s stock, valued at approximately $3,046,185.60. This trade represents a 7.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Stock sold 3,333 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $31.00, for a total value of $103,323.00. Following the sale, the chief financial officer directly owned 783,710 shares in the company, valued at $24,295,010. This represents a 0.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 44,013 shares of company stock worth $1,414,929 over the last ninety days. 2.00% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on LBRT shares. Morgan Stanley set a $36.00 price objective on shares of Liberty Energy in a research note on Monday, April 27th. Piper Sandler raised their price objective on shares of Liberty Energy from $32.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Barclays raised their price objective on shares of Liberty Energy from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Stifel Nicolaus raised their target price on shares of Liberty Energy from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Bank of America raised shares of Liberty Energy from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Tuesday, February 17th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.18.
Read Our Latest Stock Analysis on Liberty Energy
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.
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