Liberty Energy Inc. (NYSE:LBRT) Stock Holdings Increased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lifted its holdings in Liberty Energy Inc. (NYSE:LBRT) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,900 shares of the company’s stock after purchasing an additional 3,600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Liberty Energy were worth $1,525,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. EdgeRock Capital LLC acquired a new stake in Liberty Energy in the second quarter worth about $32,000. GAMMA Investing LLC boosted its holdings in shares of Liberty Energy by 69.2% in the second quarter. GAMMA Investing LLC now owns 1,743 shares of the company’s stock valued at $36,000 after acquiring an additional 713 shares in the last quarter. nVerses Capital LLC increased its stake in shares of Liberty Energy by 45.0% during the second quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock valued at $61,000 after acquiring an additional 900 shares during the period. PNC Financial Services Group Inc. raised its holdings in Liberty Energy by 27.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company’s stock worth $59,000 after purchasing an additional 709 shares in the last quarter. Finally, CWM LLC lifted its position in Liberty Energy by 43.3% in the second quarter. CWM LLC now owns 6,213 shares of the company’s stock worth $130,000 after purchasing an additional 1,876 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Liberty Energy

In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $19.91, for a total value of $398,200.00. Following the completion of the sale, the chief executive officer now owns 2,678,813 shares in the company, valued at $53,335,166.83. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Michael Stock sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $21.01, for a total value of $105,050.00. Following the completion of the sale, the chief financial officer now owns 745,207 shares of the company’s stock, valued at approximately $15,656,799.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Christopher A. Wright sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $19.91, for a total transaction of $398,200.00. Following the transaction, the chief executive officer now directly owns 2,678,813 shares in the company, valued at approximately $53,335,166.83. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,000 shares of company stock valued at $1,487,250. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

LBRT has been the topic of several research analyst reports. Stifel Nicolaus lowered their price target on Liberty Energy from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Evercore ISI raised Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. Citigroup downgraded shares of Liberty Energy from a “buy” rating to a “neutral” rating and cut their price target for the company from $25.00 to $19.00 in a report on Friday, October 18th. TD Cowen dropped their target price on shares of Liberty Energy from $21.00 to $20.00 and set a “hold” rating on the stock in a report on Friday, July 19th. Finally, Atb Cap Markets cut shares of Liberty Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.89.

Liberty Energy Price Performance

LBRT opened at $17.07 on Friday. The firm has a market capitalization of $2.84 billion, a P/E ratio of 6.23, a PEG ratio of 1.21 and a beta of 1.68. The stock has a fifty day moving average of $19.55 and a 200-day moving average of $21.03. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. Liberty Energy Inc. has a 12-month low of $16.69 and a 12-month high of $24.75.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.10). Liberty Energy had a net margin of 8.02% and a return on equity of 18.50%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. Equities analysts forecast that Liberty Energy Inc. will post 1.83 EPS for the current fiscal year.

Liberty Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.08 per share. This is a boost from Liberty Energy’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Friday, December 6th. Liberty Energy’s dividend payout ratio (DPR) is currently 11.68%.

Liberty Energy Company Profile

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.