CenterBook Partners LP Boosts Stock Position in Liberty Energy Inc. $LBRT

CenterBook Partners LP grew its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 101.8% in the third quarter, Holdings Channel reports. The institutional investor owned 106,789 shares of the company’s stock after purchasing an additional 53,871 shares during the period. CenterBook Partners LP’s holdings in Liberty Energy were worth $1,318,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in LBRT. Amalgamated Bank raised its position in shares of Liberty Energy by 1.8% during the 3rd quarter. Amalgamated Bank now owns 46,915 shares of the company’s stock worth $579,000 after acquiring an additional 819 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Liberty Energy by 4.8% in the second quarter. Nisa Investment Advisors LLC now owns 21,486 shares of the company’s stock valued at $247,000 after purchasing an additional 989 shares during the last quarter. California State Teachers Retirement System raised its holdings in Liberty Energy by 0.7% during the second quarter. California State Teachers Retirement System now owns 145,252 shares of the company’s stock worth $1,667,000 after purchasing an additional 1,012 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Liberty Energy by 15.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,510 shares of the company’s stock worth $93,000 after buying an additional 1,025 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of 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 in the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Liberty Energy

In other news, Director Arjun N. Murti bought 9,696 shares of the stock in a transaction dated Tuesday, February 17th. The shares were acquired at an average price of $25.79 per share, with a total value of $250,059.84. Following the completion of the acquisition, the director directly owned 27,568 shares in the company, valued at approximately $710,978.72. The trade was a 54.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Stock sold 25,000 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $25.38, for a total transaction of $634,500.00. Following the transaction, the chief financial officer owned 784,819 shares in the company, valued at approximately $19,918,706.22. This trade represents a 3.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LBRT shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $26.00 price target on shares of Liberty Energy in a research report on Wednesday, February 4th. UBS Group reiterated a “buy” rating and set a $34.00 target price on shares of Liberty Energy in a research report on Friday, January 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Liberty Energy in a report on Monday, December 29th. Zacks Research upgraded Liberty Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 15th. Finally, Barclays lifted their price target on Liberty Energy from $17.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 3rd. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $26.08.

Liberty Energy Stock Performance

NYSE LBRT opened at $26.85 on Friday. The firm has a market cap of $4.35 billion, a P/E ratio of 30.17 and a beta of 0.49. Liberty Energy Inc. has a 52-week low of $9.50 and a 52-week high of $27.85. The business’s 50-day moving average price is $21.44 and its 200 day moving average price is $16.67. The company has a quick ratio of 0.96, a current ratio of 1.22 and a debt-to-equity ratio of 0.22.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.21. Liberty Energy had a return on equity of 1.24% and a net margin of 3.69%.The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $880.59 million. During the same period in the prior year, the business earned $0.10 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts expect that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, March 4th. Liberty Energy’s dividend payout ratio (DPR) is 40.45%.

About Liberty Energy

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.