The Vanguard Group, Inc. recently announced the acquisition of new stake in Liberty Energy Inc. (NYSE:LBRT). The institutional investor has increased its shareholding in the Energy company by 5.92% to 17.57 million shares with purchase of 0.98 million shares. This fresh investment now brings its stake to 9.98% valued currently at $225.04 million. In addition, Dimensional Fund Advisors LP raised its holdings by 2.42 million to 7.53 million shares. And SSgA Funds Management, Inc. has lifted its position by 11.46% or 0.39 million shares – to 3.81 million shares.
With over 2.4 million Liberty Energy Inc. (LBRT) shares trading Monday and a closing price of $13.10 on the day, the dollar volume was approximately $31.41 million. The shares have shown a negative half year performance of -22.71% and its price on 05/22/23 gained nearly 1.55%. Currently, there are 176.57M common shares owned by the public and among those 167.39M shares have been available to trade.
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Insiders at the company have transacted a total of 51 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 16 of these insider trades were purchases, accounting for 798,079 shares. Insider sales of the common stock occurred on 35 occasions, with total insider shares sold totaling 25,208,294 shares.
The top 3 mutual fund holders in Liberty Energy Inc. are Vanguard Total Stock Market ETF, Fidelity Low Priced Stock Fund, and Vanguard Small Cap Index Fund. Vanguard Total Stock Market ETF owns 4.9 million shares of the company’s stock, all valued at over $62.82 million. The company sold -0.13 million shares recently to bring their total holdings to about 2.79% of the shares outstanding. Fidelity Low Priced Stock Fund bought 30000.0 shares to see its total holdings expand to 4.83 million shares valued at over $61.84 million and representing 2.74% of the shares outstanding. Vanguard Small Cap Index Fund sold -0.13 million shares to bring its total holdings to over 4.15 million shares at a value of $53.14 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.36% of the shares outstanding.
Shares of Liberty Energy Inc. (NYSE: LBRT) opened at $12.95, up $0.05 from a prior closing price of $12.90. However, the script later moved the day high at 13.15, up 1.55%. The company’s stock has a 5-day price change of 7.29% and -12.78% over the past three months. LBRT shares are trading -18.18% year to date (YTD), with the 12-month market performance down to -11.73% lower. It has a 12-month low price of $10.71 and touched a high of $19.08 over the same period. LBRT has an average intraday trading volume of 2.93 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.27%, 2.21%, and -10.56% respectively.
Institutional ownership of Liberty Energy Inc. (NYSE: LBRT) shares accounts for 87.70% of the company’s 176.57M shares outstanding. Mutual fund holders own 51.64%, while other institutional holders and individual stakeholders account for 56.20% and 27.33% respectively.
It has a market capitalization of $2.27B and a beta (3y monthly) value of 2.10. The stock’s trailing 12-month PE ratio is 4.30, while the earnings-per-share (ttm) stands at $3.05. The company has a PEG of 0.17 and a Quick Ratio of 1.20 with the debt-to-equity ratio at 0.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.55% over the week and 3.79% over the month.
Analysts forecast that Liberty Energy Inc. (LBRT) will achieve an EPS of $0.97 for the current quarter, $0.89 for the next quarter and $3.21 for 2024. The lowest estimate earnings-per-share for the quarter is $0.81 while analysts give the company a high EPS estimate of $1.07. Comparatively, EPS for the current quarter was $0.03 a year ago. Earnings per share for the fiscal year are expected to increase by 305.30%, and -9.59% over the next financial year. EPS should grow at an annualized rate of 24.70% over the next five years, compared to 8.20% over the past 5-year period.
