Hsbc Holdings PLC Has $582,000 Stake in Liberty Energy Inc. $LBRT

Hsbc Holdings PLC lowered its position in shares of Liberty Energy Inc. (NYSE:LBRTFree Report) by 47.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,364 shares of the company’s stock after selling 28,020 shares during the quarter. Hsbc Holdings PLC’s holdings in Liberty Energy were worth $582,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Liberty Energy by 4.5% in the 1st 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 boosted its position 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. boosted its position 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 grew its stake in Liberty Energy by 22.0% during the first quarter. Intech Investment Management LLC now owns 81,446 shares of the company’s stock worth $1,289,000 after purchasing an additional 14,663 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Liberty Energy during the second quarter worth approximately $119,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Energy Stock Performance

Shares of Liberty Energy stock opened at $25.17 on Thursday. The business has a 50-day simple moving average of $28.65 and a 200 day simple moving average of $27.01. Liberty Energy Inc. has a one year low of $9.90 and a one year high of $34.48. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.21 and a quick ratio of 1.97. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.98 and a beta of 0.54.

Liberty Energy (NYSE:LBRTGet Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.19. Liberty Energy had a return on equity of 1.41% and a net margin of 3.71%.The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $954.71 million. During the same quarter in the prior year, the company earned $0.04 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, research analysts anticipate that Liberty Energy Inc. will post 0.27 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 4th. Liberty Energy’s dividend payout ratio is presently 39.56%.

Insiders Place Their Bets

In other Liberty Energy news, Chairman William F. Kimble sold 7,350 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $33.92, for a total transaction of $249,312.00. Following the completion of the sale, the chairman owned 89,805 shares in the company, valued at approximately $3,046,185.60. The trade was a 7.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael Stock sold 19,998 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $33.48, for a total transaction of $669,533.04. Following the transaction, the chief financial officer owned 800,375 shares in the company, valued at approximately $26,796,555. The trade was a 2.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 54,012 shares of company stock worth $1,673,803. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on LBRT shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $32.00 price target on shares of Liberty Energy in a research note on Friday, April 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $31.00 price objective on shares of Liberty Energy in a research report on Wednesday, June 3rd. Stifel Nicolaus lifted their price objective on shares of Liberty Energy from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, April 24th. UBS Group reiterated a “buy” rating on shares of Liberty Energy in a research report on Friday, June 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Energy in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.09.

Read Our Latest Research Report on Liberty Energy

Liberty Energy News Summary

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About Liberty Energy

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Liberty Energy (NYSE:LBRT)

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