Jaffetilchin Investment Partners LLC Buys Shares of 18,071 Liberty Energy Inc. $LBRT

Jaffetilchin Investment Partners LLC purchased a new position in shares of Liberty Energy Inc. (NYSE:LBRT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,071 shares of the company’s stock, valued at approximately $334,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kelleher Financial Advisors acquired a new stake in shares of Liberty Energy in the third quarter valued at approximately $29,000. Advisory Services Network LLC acquired a new position in Liberty Energy during the third quarter worth $35,000. Smartleaf Asset Management LLC boosted its holdings in Liberty Energy by 213.7% during the second quarter. Smartleaf Asset Management LLC now owns 3,607 shares of the company’s stock worth $42,000 after purchasing an additional 2,457 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in Liberty Energy by 1,163.9% in the third quarter. CIBC Private Wealth Group LLC now owns 3,855 shares of the company’s stock valued at $48,000 after purchasing an additional 3,550 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its position in Liberty Energy by 931.1% in the third quarter. Aster Capital Management DIFC Ltd now owns 5,372 shares of the company’s stock valued at $66,000 after purchasing an additional 4,851 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Arjun N. Murti bought 9,696 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was bought at an average price of $25.79 per share, for a total transaction of $250,059.84. Following the purchase, the director owned 27,568 shares in the company, valued at $710,978.72. This represents a 54.25% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider R Sean Elliott sold 25,000 shares of Liberty Energy 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 sale, the insider directly owned 343,150 shares of the company’s stock, valued at $8,716,010. The trade was a 6.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

LBRT has been the topic of several analyst reports. The Goldman Sachs Group boosted their price target on shares of Liberty Energy from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. Stifel Nicolaus raised their price objective on Liberty Energy from $23.00 to $28.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Citigroup lifted their target price on Liberty Energy from $21.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Liberty Energy in a report on Monday, December 29th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Liberty Energy in a research report on Thursday, January 15th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.42.

Liberty Energy Stock Performance

Shares of NYSE LBRT opened at $27.92 on Thursday. The company has a current ratio of 1.22, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $4.52 billion, a P/E ratio of 31.37 and a beta of 0.48. Liberty Energy Inc. has a 12 month low of $9.50 and a 12 month high of $32.40. The stock has a 50 day moving average of $27.05 and a 200-day moving average of $20.24.

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

Liberty Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were given a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.36 annualized dividend and a dividend yield of 1.3%. Liberty Energy’s dividend payout ratio is presently 40.45%.

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.