Van Den Berg Management I Inc. Invests $704,000 in Liberty Energy Inc. $LBRT

Van Den Berg Management I Inc. acquired a new position in Liberty Energy Inc. (NYSE:LBRT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 38,141 shares of the company’s stock, valued at approximately $704,000.

Other institutional investors have also recently made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new stake in shares of Liberty Energy in the 4th quarter worth $29,000. Kelleher Financial Advisors acquired a new stake in shares of Liberty Energy in the 3rd quarter worth $29,000. First Horizon Corp boosted its position in shares of Liberty Energy by 58.2% in the 4th quarter. First Horizon Corp now owns 1,620 shares of the company’s stock worth $30,000 after purchasing an additional 596 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Liberty Energy in the 4th quarter worth $32,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Liberty Energy in the 3rd quarter worth $35,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LBRT shares. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Energy in a research report on Friday, May 1st. Barclays lifted their price target on Liberty Energy from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Morgan Stanley set a $36.00 price target on Liberty Energy in a research report on Monday, April 27th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $31.00 price target on shares of Liberty Energy in a research report on Wednesday, June 3rd. Finally, Piper Sandler lifted their price target on Liberty Energy from $32.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Liberty Energy presently has an average rating of “Moderate Buy” and a consensus price target of $32.18.

Insider Transactions at Liberty Energy

In other Liberty Energy news, Chairman William F. Kimble sold 7,350 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chairman directly owned 89,805 shares in the company, valued at approximately $3,046,185.60. The trade was a 7.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Stock sold 19,998 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $33.48, for a total value of $669,533.04. Following the sale, the chief financial officer owned 800,375 shares of the company’s stock, valued at approximately $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. Insiders have sold a total of 44,013 shares of company stock valued at $1,414,929 in the last quarter. Company insiders own 2.00% of the company’s stock.

Liberty Energy Stock Performance

Shares of LBRT opened at $27.34 on Wednesday. The stock has a 50-day moving average of $30.42 and a two-hundred day moving average of $25.99. Liberty Energy Inc. has a one year low of $9.90 and a one year high of $34.48. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.97 and a current ratio of 2.21. The stock has a market cap of $4.46 billion, a P/E ratio of 30.04, a P/E/G ratio of 2.40 and a beta of 0.51.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.19. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $954.71 million. Liberty Energy had a return on equity of 1.41% and a net margin of 3.71%.The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 EPS. As a group, research analysts predict that Liberty Energy Inc. will post 0.25 EPS for the current year.

Liberty Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, June 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.3%. Liberty Energy’s dividend payout ratio (DPR) 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.