Arlington Capital Management Inc. Buys Shares of 145,908 Liberty Energy Inc. $LBRT

Key Points

• Arlington Capital Management acquired 145,908 Liberty Energy shares worth approximately $3.82 million, making LBRT 2.2% of its portfolio. Institutional investors and hedge funds collectively own 98.22% of the company.
• Analyst sentiment remains moderately positive, with seven Buy ratings and six Holds, although several firms recently lowered price targets. The consensus target is $30, compared with the stock’s recent price of $22.10.
• Liberty Energy exceeded quarterly earnings and revenue expectations, reporting $0.09 EPS and $1.19 billion in revenue, up 14% year over year. The company also declared a quarterly dividend of $0.09 per share, representing a 1.6% annualized yield.

Arlington Capital Management Inc. purchased a new position in Liberty Energy Inc. (NYSE:LBRT - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 145,908 shares of the company's stock, valued at approximately $3,821,000. Liberty Energy comprises approximately 2.2% of Arlington Capital Management Inc.'s investment portfolio, making the stock its 15th biggest position. Arlington Capital Management Inc. owned about 0.09% of Liberty Energy at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. UBS Group AG boosted its stake in Liberty Energy by 20.3% in the 4th quarter. UBS Group AG now owns 790,706 shares of the company's stock worth $14,596,000 after purchasing an additional 133,167 shares in the last quarter. Situational Awareness LP acquired a new position in Liberty Energy during the 4th quarter valued at approximately $10,471,000. Eventide Asset Management LLC purchased a new position in shares of Liberty Energy in the fourth quarter worth $36,394,000. Legato Capital Management LLC purchased a new position in shares of Liberty Energy in the fourth quarter worth $842,000. Finally, Van Den Berg Management I Inc. acquired a new stake in shares of Liberty Energy during the fourth quarter worth $704,000. 98.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Liberty Energy

In other news, Director Arjun Murti acquired 14,053 shares of the firm's stock in a transaction on Tuesday, July 28th. The shares were bought at an average price of $17.79 per share, for a total transaction of $250,002.87. Following the acquisition, the director owned 41,621 shares of the company's stock, valued at approximately $740,437.59. This trade represents a 50.98% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Michael Stock sold 6,666 shares of Liberty Energy stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $19.84, for a total transaction of $132,253.44. Following the sale, the chief financial officer directly owned 760,379 shares in the company, valued at approximately $15,085,919.36. This trade represents a 0.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 19,998 shares of company stock valued at $450,955 over the last quarter. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LBRT has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their target price on Liberty Energy from $37.00 to $36.00 and set a "buy" rating for the company in a research note on Friday, July 24th. The Goldman Sachs Group set a $23.00 price target on Liberty Energy in a research note on Friday, August 7th. Royal Bank Of Canada cut their price objective 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. Wall Street Zen downgraded Liberty Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Finally, Zacks Research lowered Liberty Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 21st. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.00.

Liberty Energy Stock Performance

NYSE:LBRT opened at $22.10 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.75 and a current ratio of 1.99. The stock has a market capitalization of $3.61 billion, a PE ratio of 29.86, a P/E/G ratio of 3.12 and a beta of 0.61. Liberty Energy Inc. has a fifty-two week low of $9.99 and a fifty-two week high of $34.48. The company has a fifty day moving average of $21.13 and a two-hundred day moving average of $26.52.

Liberty Energy (NYSE:LBRT - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. Liberty Energy had a net margin of 2.92% and a return on equity of 1.14%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business earned $0.12 earnings per share. The company's revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, research analysts forecast that Liberty Energy Inc. will post 0.33 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.6%. Liberty Energy's payout ratio is currently 48.65%.

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.

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