Cooper Creek Partners Management LLC Cuts Stock Position in Liberty Energy Inc. $LBRT

Cooper Creek Partners Management LLC lessened its holdings in Liberty Energy Inc. (NYSE:LBRT) by 64.2% during the 1st quarter, HoldingsChannel reports. The firm owned 629,752 shares of the company’s stock after selling 1,127,783 shares during the period. Cooper Creek Partners Management LLC’s holdings in Liberty Energy were worth $18,137,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Liberty Energy by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 18,096,443 shares of the company’s stock valued at $334,060,000 after purchasing an additional 97,998 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Liberty Energy by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,233,668 shares of the company’s stock worth $265,931,000 after buying an additional 431,269 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Liberty Energy by 78.5% in the 3rd quarter. Franklin Resources Inc. now owns 8,575,840 shares of the company’s stock worth $105,826,000 after buying an additional 3,771,724 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Liberty Energy by 901.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,431,125 shares of the company’s stock worth $127,616,000 after buying an additional 3,988,535 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Liberty Energy by 184.7% in the 4th quarter. Millennium Management LLC now owns 3,287,466 shares of the company’s stock worth $60,687,000 after buying an additional 2,132,685 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on LBRT. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $31.00 price target on shares of Liberty Energy in a report on Wednesday, June 3rd. 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 note on Friday. Royal Bank Of Canada decreased their price objective on Liberty Energy from $34.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Friday. Piper Sandler lowered their price objective on 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 target price on 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $31.09.

Liberty Energy Price Performance

Shares of LBRT stock opened at $17.34 on Friday. Liberty Energy Inc. has a 52-week low of $9.90 and a 52-week high of $34.48. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.97 and a current ratio of 1.99. The firm has a market capitalization of $2.83 billion, a P/E ratio of 23.43, a P/E/G ratio of 1.42 and a beta of 0.54. The stock has a 50 day moving average price of $27.20 and a 200 day moving average price of $27.15.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Liberty Energy had a return on equity of 1.14% and a net margin of 2.92%.Liberty Energy’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 EPS. As a group, sell-side analysts predict that Liberty Energy Inc. will post 0.28 earnings per share for the current year.

Liberty Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders 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 dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, September 4th. Liberty Energy’s payout ratio is currently 48.65%.

Insiders Place Their Bets

In related 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 value of $249,312.00. Following the completion of the sale, the chairman owned 89,805 shares in the company, valued at approximately $3,046,185.60. The trade was a 7.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Stock sold 9,999 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $25.89, for a total value of $258,874.11. Following the completion of the transaction, the chief financial officer directly owned 773,711 shares in the company, valued at approximately $20,031,377.79. This trade represents a 1.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 54,012 shares of company stock valued at $1,673,803 over the last three months. Insiders own 2.00% of the company’s stock.

Key Stories Impacting Liberty Energy

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

Liberty Energy Company 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.