Liberty Energy Inc. (NYSE:LBRT) Stake Raised by Entropy Technologies LP

Entropy Technologies LP raised its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 39.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 77,800 shares of the company’s stock after purchasing an additional 22,090 shares during the period. Entropy Technologies LP’s holdings in Liberty Energy were worth $1,485,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Foundry Partners LLC increased its stake in Liberty Energy by 15.6% in the 1st quarter. Foundry Partners LLC now owns 209,056 shares of the company’s stock valued at $4,332,000 after buying an additional 28,153 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Liberty Energy by 114.2% during the first quarter. Russell Investments Group Ltd. now owns 174,265 shares of the company’s stock worth $3,611,000 after acquiring an additional 92,923 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Liberty Energy during the first quarter valued at $690,000. BOKF NA purchased a new position in Liberty Energy in the first quarter valued at about $1,490,000. Finally, Kingsview Wealth Management LLC acquired a new position in Liberty Energy in the 1st quarter worth about $2,070,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Barclays reduced their price target on Liberty Energy from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Royal Bank of Canada decreased their target price on shares of Liberty Energy from $26.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. TD Cowen reduced their price objective on shares of Liberty Energy from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Friday, July 19th. Evercore ISI upgraded shares of Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Atb Cap Markets lowered 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.89.

Insider Buying and Selling at Liberty Energy

In other news, CEO Christopher A. Wright sold 20,000 shares of the business’s stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Christopher A. Wright sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $19.91, for a total transaction of $398,200.00. Following the completion of the transaction, the chief executive officer now owns 2,678,813 shares in the company, valued at $53,335,166.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Stock sold 5,000 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 745,207 shares of the company’s stock, valued at $15,656,799.07. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,037 shares of company stock valued at $1,911,802 in the last ninety days. Company insiders own 3.60% of the company’s stock.

Liberty Energy Trading Down 0.5 %

Shares of NYSE:LBRT opened at $17.98 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.23. The stock’s 50-day moving average is $19.05 and its 200-day moving average is $20.73. The company has a market cap of $2.94 billion, a P/E ratio of 8.56 and a beta of 1.70. Liberty Energy Inc. has a 52-week low of $16.57 and a 52-week high of $24.75.

Liberty Energy (NYSE:LBRT) last released its earnings results on Wednesday, October 16th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the business earned $0.85 EPS. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. Equities research analysts predict that Liberty Energy Inc. will post 1.75 earnings per share for the current year.

Liberty Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid 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 yield of 1.78%. The ex-dividend date is Friday, December 6th. Liberty Energy’s dividend payout ratio is presently 13.33%.

Liberty Energy 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.