97,541 Liberty Energy Inc. $LBRT Shares Bought by Fulcrum Asset Management LLP

Key Points

• Fulcrum Asset Management increased its Liberty Energy stake by 97% in the third quarter, adding 97,541 shares to hold 198,075 shares valued at about $3.65 million.
• Analysts have a “Moderate Buy” consensus and an average price target of $26.42; eight rate the stock Buy and six Hold.
• Liberty Energy reported quarterly revenue of $1.20 billion, up 26.3% year over year, and met EPS estimates at $0.06. It also raised its quarterly dividend from $0.09 to $0.10 per share.

Fulcrum Asset Management LLP grew its position in Liberty Energy Inc. (NYSE:LBRT - Free Report) by 97.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,075 shares of the company's stock after acquiring an additional 97,541 shares during the period. Fulcrum Asset Management LLP owned about 0.12% of Liberty Energy worth $3,653,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Liberty Energy by 3.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 27,580 shares of the company's stock valued at $509,000 after purchasing an additional 931 shares during the period. Pictet Asset Management Holding SA grew its holdings in Liberty Energy by 7.4% during the third quarter. Pictet Asset Management Holding SA now owns 27,584 shares of the company's stock worth $503,000 after purchasing an additional 1,899 shares during the period. Parallel Advisors LLC increased its position in Liberty Energy by 986.1% during the third quarter. Parallel Advisors LLC now owns 3,834 shares of the company's stock worth $70,000 after buying an additional 3,481 shares during the last quarter. CenterBook Partners LP increased its position in Liberty Energy by 49.3% during the third quarter. CenterBook Partners LP now owns 81,280 shares of the company's stock worth $1,481,000 after buying an additional 26,849 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. increased its position in Liberty Energy by 982.3% during the third quarter. Pekin Hardy Strauss Inc. now owns 189,395 shares of the company's stock worth $3,451,000 after buying an additional 171,895 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on LBRT shares. Wall Street Zen upgraded Liberty Energy from a "strong sell" rating to a "sell" rating in a research note on Sunday, November 1st. Barclays reduced their target price on Liberty Energy from $27.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, October 26th. Scotiabank began coverage on Liberty Energy in a report on Tuesday, September 29th. They set a "sector perform" rating and a $19.00 target price on the stock. TD Cowen dropped their price target on Liberty Energy from $24.00 to $22.00 and set a "hold" rating on the stock in a research note on Friday, October 23rd. Finally, Citigroup increased their price target on Liberty Energy from $27.50 to $28.00 and gave the company a "buy" rating in a research note on Monday, October 26th. 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, Liberty Energy has an average rating of "Moderate Buy" and a consensus target price of $26.42.

Liberty Energy Stock Up 8.1%

LBRT opened at $12.93 on Tuesday. The stock has a fifty day moving average of $18.00 and a 200-day moving average of $24.39. The company has a market capitalization of $2.11 billion, a P/E ratio of 53.86, a P/E/G ratio of 3.06 and a beta of 0.72. Liberty Energy Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $34.48. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.09 and a current ratio of 1.30.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly earnings results on Wednesday, October 21st. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Liberty Energy had a net margin of 0.91% and a return on equity of 2.13%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the company posted ($0.06) earnings per share. Liberty Energy's revenue was up 26.3% compared to the same quarter last year. On average, equities analysts expect that Liberty Energy Inc. will post 0.21 EPS for the current year.

Liberty Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.40 dividend on an annualized basis and a yield of 3.1%. This is an increase from Liberty Energy's previous quarterly dividend of $0.09. Liberty Energy's payout ratio is presently 150.00%.

Insider Buying and Selling at Liberty Energy

In related news, Director Ken Babcock purchased 14,500 shares of the business's stock in a transaction that occurred on Monday, October 26th. The stock was acquired at an average cost of $15.40 per share, for a total transaction of $223,300.00. Following the completion of the purchase, the director owned 83,258 shares in the company, valued at approximately $1,282,173.20. This represents a 21.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Ryan T. Gosney purchased 3,000 shares of Liberty Energy stock in a transaction that occurred on Tuesday, November 3rd. The shares were bought at an average cost of $15.00 per share, for a total transaction of $45,000.00. Following the transaction, the chief accounting officer directly owned 236,327 shares of the company's stock, valued at $3,544,905. This represents a 1.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 42,500 shares of company stock worth $645,550 and sold 16,665 shares worth $315,268. Company insiders own 2.00% of the company's stock.

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.

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