Public Sector Pension Investment Board Grows Holdings in Liberty Energy Inc. $LBRT

Public Sector Pension Investment Board grew its position in shares of Liberty Energy Inc. (NYSE:LBRT) by 14.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 631,757 shares of the company’s stock after purchasing an additional 80,322 shares during the period. Public Sector Pension Investment Board’s holdings in Liberty Energy were worth $7,796,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LBRT. Amalgamated Bank lifted its stake in shares of Liberty Energy by 1.8% during the third quarter. Amalgamated Bank now owns 46,915 shares of the company’s stock valued at $579,000 after buying an additional 819 shares during the period. Nisa Investment Advisors LLC raised its holdings in Liberty Energy by 4.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 21,486 shares of the company’s stock valued at $247,000 after acquiring an additional 989 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Liberty Energy by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 145,252 shares of the company’s stock worth $1,667,000 after purchasing an additional 1,012 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Liberty Energy by 8.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 15,088 shares of the company’s stock worth $186,000 after purchasing an additional 1,143 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Liberty Energy by 1.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 78,546 shares of the company’s stock worth $1,017,000 after purchasing an additional 1,177 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on LBRT shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $26.00 target price on shares of Liberty Energy in a research note on Wednesday, February 4th. Citigroup lifted their price target on Liberty Energy from $21.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley upped their price objective on shares of Liberty Energy from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Stifel Nicolaus raised their target price on shares of Liberty Energy from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Finally, Piper Sandler upgraded shares of Liberty Energy from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $17.00 to $32.00 in a report on Monday, February 2nd. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.08.

Liberty Energy Stock Performance

NYSE LBRT opened at $26.67 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.22 and a quick ratio of 0.96. Liberty Energy Inc. has a 1-year low of $9.50 and a 1-year high of $27.21. The firm has a market capitalization of $4.32 billion, a P/E ratio of 29.97 and a beta of 0.49. The business’s 50-day simple moving average is $21.02 and its 200-day simple moving average is $16.42.

Liberty Energy (NYSE:LBRT) last posted its earnings results on Wednesday, January 28th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.21. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $880.59 million. Liberty Energy had a net margin of 3.69% and a return on equity of 1.24%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 EPS. Equities analysts predict that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, March 4th. Liberty Energy’s dividend payout ratio (DPR) is currently 40.45%.

Insider Buying and Selling at Liberty Energy

In other Liberty Energy news, insider R Sean Elliott sold 25,000 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $25.40, for a total transaction of $635,000.00. Following the transaction, the insider owned 343,150 shares in the company, valued at $8,716,010. The trade was a 6.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael Stock sold 25,000 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $25.38, for a total value of $634,500.00. Following the completion of the sale, the chief financial officer directly owned 784,819 shares of the company’s stock, valued at $19,918,706.22. The trade was a 3.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.90% of the company’s stock.

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.