18,071 Shares in Liberty Energy Inc. $LBRT Bought by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC acquired a new stake in Liberty Energy Inc. (NYSE:LBRT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,071 shares of the company’s stock, valued at approximately $334,000.

Several other hedge funds have also recently added to or reduced their stakes in LBRT. Amalgamated Bank grew its position in shares of Liberty Energy by 1.8% during the 3rd quarter. Amalgamated Bank now owns 46,915 shares of the company’s stock worth $579,000 after buying an additional 819 shares during the period. California State Teachers Retirement System raised its position in shares of Liberty Energy by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 145,252 shares of the company’s stock valued at $1,667,000 after acquiring an additional 1,012 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Liberty Energy by 15.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,510 shares of the company’s stock valued at $93,000 after acquiring an additional 1,025 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in 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 acquiring an additional 1,143 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Liberty Energy by 1.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 78,546 shares of the company’s stock worth $1,017,000 after acquiring an additional 1,177 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Insider Buying and Selling

In other 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 value of $635,000.00. Following the sale, the insider directly 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 at the SEC website. 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 transaction, the chief financial officer directly owned 784,819 shares of the company’s stock, valued at $19,918,706.22. This represents a 3.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on LBRT. Citigroup upped their target price on shares of Liberty Energy from $21.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Liberty Energy in a research report on Thursday, January 15th. UBS Group reissued a “buy” rating and issued a $34.00 price target on shares of Liberty Energy in a report on Friday, January 30th. JPMorgan Chase & Co. upgraded shares of Liberty Energy from a “neutral” rating to an “overweight” rating and set a $24.00 price objective for the company in a research report on Wednesday, December 10th. Finally, TD Cowen raised their price objective on Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.42.

Liberty Energy Stock Performance

Shares of LBRT stock opened at $27.92 on Thursday. 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 $32.40. The company’s 50 day moving average price is $27.05 and its two-hundred day moving average price is $20.24. 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 (NYSE:LBRT) last released its quarterly earnings results on Wednesday, January 28th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.21. Liberty Energy had a net margin of 3.69% and a return on equity of 1.24%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $880.59 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, analysts expect that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, March 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 40.45%.

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.