Arrowstreet Capital Limited Partnership Buys 3,988,535 Shares of Liberty Energy Inc. $LBRT

Arrowstreet Capital Limited Partnership increased its position in shares of Liberty Energy Inc. (NYSE:LBRT) by 901.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,431,125 shares of the company’s stock after purchasing an additional 3,988,535 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Liberty Energy were worth $127,616,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Liberty Energy by 0.5% during the 4th 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 fourth quarter. Round Rock Advisors LLC now owns 104,213 shares of the company’s stock worth $1,956,000 after buying an additional 41,163 shares in the last quarter. Strs Ohio lifted its stake in shares of Liberty Energy by 122.4% in the 4th quarter. Strs Ohio now owns 168,800 shares of the company’s stock valued at $3,116,000 after acquiring an additional 92,900 shares during the last quarter. Pekin Hardy Strauss Inc. acquired a new stake in shares of Liberty Energy during the 4th quarter valued at $629,000. Finally, UBS Group AG boosted its holdings in shares of Liberty Energy by 20.3% during the 4th quarter. UBS Group AG now owns 790,706 shares of the company’s stock valued at $14,596,000 after acquiring an additional 133,167 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Energy News Roundup

Here are the key news stories impacting Liberty Energy this week:

• Positive Sentiment: Liberty Energy beat Q2 expectations, reporting EPS of $0.09 and revenue of about $1.19 billion, both above estimates, with revenue up 14% year over year. Management also pointed to record utilization, pricing improvements, and AI-related initiatives as growth drivers. Article Title
• Positive Sentiment: Liberty Energy announced a strategic joint venture with PowerBridge to support a planned 2 GW powered data center campus in Texas, reinforcing its push into power-fueled growth opportunities beyond its core oilfield services business. Article Title
• Neutral Sentiment: RBC Capital lowered its price target on Liberty Energy to $29 from $34 and kept a “sector perform” rating. The new target still suggests meaningful upside, but the cut may have dampened enthusiasm. Article Title
• Neutral Sentiment: Coverage around Liberty Energy’s earnings call highlighted an upbeat growth strategy, but also noted investor focus on market volatility and the company’s higher capital spending plans. Article Title
• Negative Sentiment: Reports said LBRT plunged after management raised its full-year capex outlook, which can raise concerns about near-term free cash flow even if it supports longer-term expansion. Article Title
• Negative Sentiment: Zacks Research downgraded Liberty Energy from “strong-buy” to “hold,” adding to cautious sentiment around the stock. Article Title

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus reduced their price objective on Liberty Energy from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday. UBS Group reiterated a “buy” rating on shares of Liberty Energy in a research report on Friday, June 26th. The Goldman Sachs Group reissued a “neutral” rating and set a $31.00 target price on shares of Liberty Energy in a report on Wednesday, June 3rd. Piper Sandler dropped their price target on shares of Liberty Energy from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Barclays lifted their price target on shares of Liberty Energy from $29.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Liberty Energy has an average rating of “Moderate Buy” and an average price target of $31.09.

Liberty Energy Trading Down 11.6%

LBRT opened at $17.34 on Friday. Liberty Energy Inc. has a 1-year low of $9.90 and a 1-year high of $34.48. The company has a current ratio of 1.99, a quick ratio of 1.97 and a debt-to-equity ratio of 0.65. The company has a market cap of $2.83 billion, a P/E ratio of 23.43, a price-to-earnings-growth ratio of 1.42 and a beta of 0.54. The company has a fifty day moving average price of $27.20 and a two-hundred day moving average price of $27.15.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Liberty Energy had a return on equity of 1.14% and a net margin of 2.92%.The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business earned $0.12 EPS. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. Analysts predict that Liberty Energy Inc. will post 0.28 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, September 4th. Liberty Energy’s payout ratio is 48.65%.

Insider Buying and Selling at Liberty Energy

In other Liberty Energy news, Chairman William F. Kimble sold 7,350 shares of the company’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 in the company, valued at approximately $3,046,185.60. This represents a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael Stock sold 19,998 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $33.48, for a total transaction of $669,533.04. Following the completion of the transaction, the chief financial officer directly owned 800,375 shares in the company, valued at $26,796,555. This trade represents a 2.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 54,012 shares of company stock worth $1,673,803. Corporate 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.