Central Asset Investments & Management Holdings HK Ltd Purchases New Holdings in Liberty Energy Inc. $LBRT

Central Asset Investments & Management Holdings HK Ltd acquired a new position in Liberty Energy Inc. (NYSE:LBRT) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 20,300 shares of the company’s stock, valued at approximately $375,000. Liberty Energy accounts for about 0.2% of Central Asset Investments & Management Holdings HK Ltd’s portfolio, making the stock its 29th largest holding.

Several other large investors have also recently made changes to their positions in LBRT. Kelleher Financial Advisors purchased a new stake in shares of Liberty Energy during the 3rd quarter valued at $29,000. First Horizon Corp increased its position in shares of Liberty Energy by 58.2% during the 4th quarter. First Horizon Corp now owns 1,620 shares of the company’s stock valued at $30,000 after purchasing an additional 596 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Liberty Energy in the fourth quarter valued at approximately $32,000. Advisory Services Network LLC purchased a new position in Liberty Energy in the third quarter valued at approximately $35,000. Finally, Smartleaf Asset Management LLC lifted its stake in Liberty Energy by 213.7% in the second quarter. Smartleaf Asset Management LLC now owns 3,607 shares of the company’s stock valued at $42,000 after purchasing an additional 2,457 shares during the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Liberty Energy news, Director Arjun N. Murti acquired 9,696 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was acquired at an average price of $25.79 per share, for a total transaction of $250,059.84. Following the acquisition, the director owned 27,568 shares in the company, valued at $710,978.72. This represents a 54.25% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 completion of the sale, the chairman owned 89,805 shares of the company’s stock, valued at $3,046,185.60. This trade represents a 7.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

LBRT has been the topic of several research analyst reports. Morgan Stanley set a $36.00 price objective on Liberty Energy in a research note on Monday, April 27th. Stifel Nicolaus upped their price objective on Liberty Energy from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $32.00 price objective on shares of Liberty Energy in a research note on Friday, April 24th. The Goldman Sachs Group boosted their target price on shares of Liberty Energy from $26.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, March 4th. Finally, Piper Sandler boosted 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. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.42.

Liberty Energy Trading Up 0.8%

Liberty Energy stock opened at $33.51 on Thursday. The stock has a market cap of $5.47 billion, a P/E ratio of 36.82 and a beta of 0.56. Liberty Energy Inc. has a fifty-two week low of $9.90 and a fifty-two week high of $34.42. The firm’s fifty day moving average price is $29.81 and its 200-day moving average price is $23.73. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.97 and a current ratio of 2.21.

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

Liberty Energy Announces Dividend

The firm 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 1.1%. The ex-dividend date is Thursday, June 4th. Liberty Energy’s dividend payout ratio is presently 39.56%.

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.