Aventail Capital Group LP Has $4.13 Million Position in Liberty Energy Inc. $LBRT

Aventail Capital Group LP boosted its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 94.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 334,637 shares of the company’s stock after acquiring an additional 162,668 shares during the quarter. Aventail Capital Group LP’s holdings in Liberty Energy were worth $4,129,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LBRT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Liberty Energy by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,205 shares of the company’s stock worth $1,491,000 after acquiring an additional 4,095 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Liberty Energy by 1,992.2% during the 1st quarter. NewEdge Advisors LLC now owns 12,030 shares of the company’s stock valued at $190,000 after purchasing an additional 11,455 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Liberty Energy by 0.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 868,978 shares of the company’s stock valued at $13,756,000 after purchasing an additional 4,955 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of Liberty Energy by 22.0% in the 1st quarter. Intech Investment Management LLC now owns 81,446 shares of the company’s stock valued at $1,289,000 after purchasing an additional 14,663 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Liberty Energy by 20.4% in the second quarter. Bank of New York Mellon Corp now owns 2,161,558 shares of the company’s stock worth $24,815,000 after purchasing an additional 365,506 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LBRT has been the topic of several analyst reports. TD Cowen increased their target price on shares of Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. raised Liberty Energy from a “neutral” rating to an “overweight” rating and set a $24.00 price target for the company in a research report on Wednesday, December 10th. Stifel Nicolaus upped their price target on Liberty Energy from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Wall Street Zen raised Liberty Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Liberty Energy in a research note on Thursday, January 15th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Liberty Energy has an average rating of “Moderate Buy” and a consensus target price of $26.42.

Insider Transactions at Liberty Energy

In other news, Director Arjun N. Murti acquired 9,696 shares of the stock in a transaction dated Tuesday, February 17th. The shares were acquired at an average cost of $25.79 per share, for a total transaction of $250,059.84. Following the completion of the transaction, the director owned 27,568 shares in the company, valued at approximately $710,978.72. This trade represents a 54.25% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Michael Stock sold 25,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $25.38, for a total value of $634,500.00. Following the completion of the transaction, the chief financial officer owned 784,819 shares of the company’s stock, valued at $19,918,706.22. The trade was a 3.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is owned by insiders.

Liberty Energy Stock Down 0.2%

Shares of LBRT opened at $30.23 on Friday. The company has a 50-day simple moving average of $24.44 and a 200-day simple moving average of $18.51. The firm has a market capitalization of $4.90 billion, a P/E ratio of 33.96 and a beta of 0.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.96 and a current ratio of 1.22. Liberty Energy Inc. has a 52 week low of $9.50 and a 52 week high of $31.16.

Liberty Energy (NYSE:LBRT) last released its earnings results on Wednesday, January 28th. The company reported $0.05 earnings per share for the quarter, topping 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 the consensus estimate of $880.59 million. During the same period last year, the business earned $0.10 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts expect that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be given a $0.09 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.2%. Liberty Energy’s dividend payout ratio (DPR) is currently 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.