Counterpoint Mutual Funds LLC Purchases Shares of 30,694 Liberty Energy Inc. $LBRT

Counterpoint Mutual Funds LLC acquired a new stake in Liberty Energy Inc. (NYSE:LBRT) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 30,694 shares of the company’s stock, valued at approximately $884,000.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Liberty Energy by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 18,096,443 shares of the company’s stock worth $334,060,000 after buying an additional 97,998 shares during the last quarter. Round Rock Advisors LLC increased its holdings in shares of Liberty Energy by 65.3% during the 4th quarter. Round Rock Advisors LLC now owns 104,213 shares of the company’s stock worth $1,956,000 after acquiring an additional 41,163 shares during the last quarter. Aventail Capital Group LP raised its stake in Liberty Energy by 94.6% in the 3rd quarter. Aventail Capital Group LP now owns 334,637 shares of the company’s stock valued at $4,129,000 after acquiring an additional 162,668 shares during the period. Citigroup Inc. raised its stake in Liberty Energy by 23.1% in the 3rd quarter. Citigroup Inc. now owns 273,258 shares of the company’s stock valued at $3,372,000 after acquiring an additional 51,266 shares during the period. Finally, Callodine Capital Management LP raised its stake in Liberty Energy by 97.7% in the 3rd quarter. Callodine Capital Management LP now owns 2,089,283 shares of the company’s stock valued at $25,782,000 after acquiring an additional 1,032,283 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Liberty Energy

In related news, CFO Michael Stock sold 9,999 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $25.89, for a total value of $258,874.11. Following the transaction, the chief financial officer directly owned 773,711 shares in the company, valued at approximately $20,031,377.79. This represents a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 firm’s 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 transaction, the chairman directly owned 89,805 shares in the company, valued at approximately $3,046,185.60. This represents a 7.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 54,012 shares of company stock valued at $1,673,803. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LBRT shares. UBS Group reaffirmed a “buy” rating on shares of Liberty Energy in a research report on Friday, June 26th. Barclays increased their price objective on shares of Liberty Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report 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 note on Friday, April 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $31.00 target price on shares of Liberty Energy in a report on Wednesday, June 3rd. Finally, Piper Sandler upped their price target on shares of Liberty Energy from $32.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.18.

Liberty Energy Stock Performance

NYSE:LBRT opened at $23.85 on Friday. The stock has a market cap of $3.89 billion, a P/E ratio of 26.21, a PEG ratio of 2.05 and a beta of 0.54. The stock has a 50 day simple moving average of $30.03 and a 200 day simple moving average of $26.59. The company has a current ratio of 2.21, a quick ratio of 1.97 and a debt-to-equity ratio of 0.75. Liberty Energy Inc. has a 1-year low of $9.90 and a 1-year high of $34.48.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.19. Liberty Energy had a return on equity of 1.41% and a net margin of 3.71%.The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $954.71 million. During the same period in the previous year, the company posted $0.04 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Research analysts anticipate that Liberty Energy Inc. will post 0.24 earnings per share for the current year.

Liberty Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, June 4th. Liberty Energy’s payout ratio is presently 39.56%.

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.