Liberty Energy Inc. $LBRT Stock Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP boosted its position in shares of Liberty Energy Inc. (NYSE:LBRT) by 97.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 198,075 shares of the company’s stock after purchasing an additional 97,541 shares during the period. Fulcrum Asset Management LLP’s holdings in Liberty Energy were worth $3,653,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LBRT. Readystate Asset Management LP acquired a new stake in shares of Liberty Energy during the 2nd quarter worth approximately $5,660,000. Engineers Gate Manager LP acquired a new position in Liberty Energy during the second quarter valued at approximately $3,099,000. Bank of New York Mellon Corp acquired a new position in Liberty Energy during the second quarter valued at approximately $61,185,000. Arlington Capital Management Inc. acquired a new position in Liberty Energy during the second quarter valued at approximately $3,821,000. Finally, Squarepoint Ops LLC lifted its stake in Liberty Energy by 23.8% during the second quarter. Squarepoint Ops LLC now owns 1,051,488 shares of the company’s stock worth $27,538,000 after purchasing an additional 201,839 shares during the last quarter. 98.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada reduced their target price on Liberty Energy from $34.00 to $29.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. Piper Sandler decreased their price target on Liberty Energy from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, October 23rd. The Goldman Sachs Group set a $23.00 price target on Liberty Energy in a report on Friday, August 7th. Stifel Nicolaus dropped their price objective on Liberty Energy from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Finally, Zacks Research downgraded Liberty Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.42.

Liberty Energy Price Performance

Shares of NYSE:LBRT opened at $12.93 on Tuesday. Liberty Energy Inc. has a one year low of $11.24 and a one year high of $34.48. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.30 and a quick ratio of 1.09. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 53.86, a PEG ratio of 3.06 and a beta of 0.72. The firm has a 50 day simple moving average of $18.00 and a 200 day simple moving average of $24.39.

Liberty Energy (NYSE:LBRT) last posted its earnings results on Wednesday, October 21st. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Liberty Energy had a net margin of 0.91% and a return on equity of 2.13%. The company’s revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. Research analysts predict that Liberty Energy Inc. will post 0.21 earnings per share for the current fiscal year.

Liberty Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, December 4th. This is a positive change from Liberty Energy’s previous quarterly dividend of $0.09. Liberty Energy’s dividend payout ratio is currently 150.00%.

Insider Transactions at Liberty Energy

In other news, CAO Ryan Gosney acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were bought at an average price of $15.00 per share, with a total value of $45,000.00. Following the acquisition, the chief accounting officer directly owned 236,327 shares in the company, valued at $3,544,905. The trade was a 1.29% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ken Babcock acquired 14,500 shares of Liberty Energy stock in a transaction that occurred on Monday, October 26th. The shares were purchased at an average price of $15.40 per share, for a total transaction of $223,300.00. Following the transaction, the director directly owned 83,258 shares in the company, valued at $1,282,173.20. The trade was a 21.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 42,500 shares of company stock worth $645,550 and sold 16,665 shares worth $315,268. 2.00% of the stock is owned by corporate insiders.

Liberty Energy Profile

Liberty Energy Inc is a Denver-based oilfield services company that supports onshore oil and natural gas producers, primarily in the United States. Founded in 2011 as Liberty Oilfield Services, the company adopted the Liberty Energy name in 2022.

Its core business is hydraulic fracturing, a well-completion technique used to extract oil and natural gas. Liberty also provides related services and equipment, including wireline operations, proppant and logistics solutions, and technologies designed to support wellsite operations.

Liberty serves customers across major U.S.