Situational Awareness LP Buys Shares of 567,200 Liberty Energy Inc. $LBRT

Situational Awareness LP bought a new stake in shares of Liberty Energy Inc. (NYSE:LBRT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 567,200 shares of the company’s stock, valued at approximately $10,471,000. Liberty Energy makes up 0.2% of Situational Awareness LP’s portfolio, making the stock its 22nd biggest position.

Several other large investors have also made changes to their positions in LBRT. 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 valued at $105,826,000 after buying an additional 3,771,724 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Liberty Energy by 1,529.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,753,357 shares of the company’s stock valued at $33,976,000 after buying an additional 2,584,359 shares in the last quarter. Sourcerock Group LLC bought a new stake in shares of Liberty Energy in the 2nd quarter valued at approximately $23,653,000. Cooper Creek Partners Management LLC bought a new stake in shares of Liberty Energy in the 3rd quarter valued at approximately $22,336,000. Finally, American Century Companies Inc. grew its stake in shares of Liberty Energy by 28.2% in the 3rd quarter. American Century Companies Inc. now owns 7,809,390 shares of the company’s stock valued at $96,368,000 after buying an additional 1,716,007 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Insider Buying and Selling

In other Liberty Energy news, Chairman William F. Kimble sold 7,350 shares of the company’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 owned 89,805 shares of the company’s stock, valued at $3,046,185.60. This represents 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 available through the SEC website. Also, CFO Michael Stock sold 3,333 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $31.00, for a total value of $103,323.00. Following the sale, the chief financial officer directly owned 783,710 shares of the company’s stock, valued at $24,295,010. The trade was a 0.42% 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 44,013 shares of company stock valued at $1,414,929 in the last ninety days. Company insiders own 2.00% of the company’s stock.

Liberty Energy Stock Down 9.8%

Shares of Liberty Energy stock opened at $28.48 on Friday. The stock has a market capitalization of $4.65 billion, a P/E ratio of 31.29, a PEG ratio of 9.43 and a beta of 0.51. The company has a quick ratio of 1.97, a current ratio of 2.21 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average price of $30.49 and a two-hundred day moving average price of $25.37. Liberty Energy Inc. has a 12-month low of $9.90 and a 12-month high of $34.48.

Liberty Energy (NYSE:LBRT) last announced its earnings results on Wednesday, April 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.19. The firm 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 company’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.04 earnings per share. Equities analysts expect that Liberty Energy Inc. will post 0.07 earnings per share for the current year.

Liberty Energy Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.3%. Liberty Energy’s dividend payout ratio is presently 39.56%.

Wall Street Analyst Weigh In

Several brokerages recently commented on LBRT. Citigroup boosted their price target on Liberty Energy from $21.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Bank of America raised Liberty Energy from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Tuesday, February 17th. UBS Group reissued a “buy” rating on shares of Liberty Energy in a research note on Tuesday, May 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Energy in a research note on Friday, May 1st. Finally, Wall Street Zen raised Liberty Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Seven investment analysts have rated the stock with a Buy rating and six have given 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 a consensus target price of $32.18.

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.