SummerHaven Investment Management LLC Makes New $838,000 Investment in Liberty Energy Inc. $LBRT

SummerHaven Investment Management LLC bought a new stake in Liberty Energy Inc. (NYSE:LBRT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 67,918 shares of the company’s stock, valued at approximately $838,000.

A number of other large investors have also recently made changes to their positions in the company. Wellington Shields Capital Management LLC purchased a new position in Liberty Energy during the 2nd quarter worth approximately $29,000. Smartleaf Asset Management LLC grew its position in shares of 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 acquiring an additional 2,457 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Liberty Energy during the second quarter worth approximately $48,000. GAMMA Investing LLC increased its holdings in shares of Liberty Energy by 281.1% in the 2nd quarter. GAMMA Investing LLC now owns 4,329 shares of the company’s stock valued at $50,000 after acquiring an additional 3,193 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Liberty Energy by 460.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,832 shares of the company’s stock valued at $67,000 after purchasing an additional 4,791 shares during the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Liberty Energy Price Performance

Shares of LBRT opened at $21.83 on Thursday. The company has a current ratio of 1.32, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average is $19.08 and its two-hundred day moving average is $15.11. Liberty Energy Inc. has a twelve month low of $9.50 and a twelve month high of $22.63. The firm has a market capitalization of $3.54 billion, a PE ratio of 19.49 and a beta of 0.45.

Liberty Energy (NYSE:LBRT) last issued 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. Liberty Energy had a return on equity of 1.69% and a net margin of 4.76%.The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 earnings per share. Research analysts anticipate that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.6%. Liberty Energy’s dividend payout ratio (DPR) is 32.14%.

Analysts Set New Price Targets

Several research analysts have issued reports on LBRT shares. UBS Group reissued a “buy” rating on shares of Liberty Energy in a research report on Tuesday, January 6th. Piper Sandler boosted their price target on Liberty Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $20.00 price objective on shares of Liberty Energy in a research note on Wednesday, January 14th. TD Cowen reiterated a “hold” rating on shares of Liberty Energy in a research note on Wednesday, January 7th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Liberty Energy in a research note on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.64.

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.