Context Capital Management LLC bought a new stake in Liberty Energy Inc. (NYSE:LBRT – Free Report) during the 1st quarter, Holdings Channel reports. The institutional investor bought 189,400 shares of the company’s stock, valued at approximately $5,455,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of LBRT. Root Financial Partners LLC lifted its holdings in Liberty Energy by 79.6% during the 1st quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock worth $26,000 after buying an additional 405 shares during the last quarter. Valued Wealth Advisors LLC purchased a new position in shares of Liberty Energy in the 1st quarter valued at about $26,000. Summit Securities Group LLC purchased a new position in shares of Liberty Energy in the 1st quarter valued at about $28,000. GHP Investment Advisors Inc. acquired a new stake in shares of Liberty Energy during the 1st quarter worth about $39,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Liberty Energy during the 4th quarter worth about $29,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.
Liberty Energy Stock Down 0.1%
Shares of NYSE LBRT opened at $23.81 on Monday. The stock has a market cap of $3.89 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 1.95 and a beta of 0.54. The company has a quick ratio of 1.97, a current ratio of 2.21 and a debt-to-equity ratio of 0.75. Liberty Energy Inc. has a 52-week low of $9.90 and a 52-week high of $34.48. The business has a 50-day moving average price of $28.30 and a 200 day moving average price of $27.08.
Liberty Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, September 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.5%. Liberty Energy’s dividend payout ratio (DPR) is 39.56%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on LBRT. Zacks Research raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, June 22nd. Piper Sandler upped their target price on shares of Liberty Energy from $32.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Energy in a report on Friday, May 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $32.00 target price on shares of Liberty Energy in a research report on Friday, April 24th. Finally, UBS Group reiterated a “buy” rating on shares of Liberty Energy in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.09.
Read Our Latest Analysis on LBRT
Insider Buying and Selling
In related news, CFO Michael Stock sold 19,998 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $33.48, for a total value of $669,533.04. Following the completion of the sale, the chief financial officer owned 800,375 shares in the company, valued at $26,796,555. This represents a 2.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 on 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 owned 89,805 shares of the company’s stock, valued at approximately $3,046,185.60. This represents a 7.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 54,012 shares of company stock worth $1,673,803. Insiders own 2.00% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Liberty Energy
- Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit
- Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet
- Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises
- 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks
Want to see what other hedge funds are holding LBRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Energy Inc. (NYSE:LBRT – Free Report).
Receive News & Ratings for Liberty Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Energy and related companies with MarketBeat.com's FREE daily email newsletter.
