Louisiana State Employees Retirement System Takes $1.39 Million Position in Liberty Energy Inc. (NYSE:LBRT)

Louisiana State Employees Retirement System purchased a new stake in shares of Liberty Energy Inc. (NYSE:LBRT) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 76,800 shares of the company’s stock, valued at approximately $1,393,000.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in shares of Liberty Energy by 1,777.4% during the fourth quarter. International Assets Investment Management LLC now owns 233,280 shares of the company’s stock valued at $4,232,000 after purchasing an additional 220,854 shares in the last quarter. American Century Companies Inc. raised its position in shares of Liberty Energy by 12.4% during the third quarter. American Century Companies Inc. now owns 2,241,076 shares of the company’s stock worth $41,505,000 after acquiring an additional 247,074 shares during the last quarter. Public Sector Pension Investment Board bought a new position in shares of Liberty Energy during the third quarter worth about $3,549,000. Envestnet Asset Management Inc. raised its position in shares of Liberty Energy by 37.8% during the third quarter. Envestnet Asset Management Inc. now owns 237,090 shares of the company’s stock worth $4,391,000 after acquiring an additional 65,062 shares during the last quarter. Finally, Gendell Jeffrey L raised its position in shares of Liberty Energy by 27.4% during the third quarter. Gendell Jeffrey L now owns 891,452 shares of the company’s stock worth $16,510,000 after acquiring an additional 191,452 shares during the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Barclays raised their price objective on Liberty Energy from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company raised their price objective on Liberty Energy from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday. TD Cowen raised their price objective on Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday. Morgan Stanley lifted their target price on Liberty Energy from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Finally, Royal Bank of Canada lifted their target price on Liberty Energy from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Liberty Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.30.

Liberty Energy Trading Up 1.3 %

Shares of LBRT stock opened at $22.38 on Monday. The company has a market cap of $3.73 billion, a P/E ratio of 8.17, a PEG ratio of 1.10 and a beta of 1.85. Liberty Energy Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $23.31. The stock has a 50 day simple moving average of $21.20 and a two-hundred day simple moving average of $19.71. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.17 and a current ratio of 1.48.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings data on Thursday, April 18th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Liberty Energy had a net margin of 10.43% and a return on equity of 26.46%. The company’s revenue was down 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 EPS. Research analysts forecast that Liberty Energy Inc. will post 2.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, June 5th. This represents a $0.28 annualized dividend and a dividend yield of 1.25%. Liberty Energy’s dividend payout ratio is 10.22%.

Insider Activity

In other news, insider R Sean Elliott sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $20.50, for a total transaction of $410,000.00. Following the completion of the sale, the insider now owns 218,530 shares in the company, valued at $4,479,865. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CAO Ryan T. Gosney sold 6,000 shares of Liberty Energy stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $20.50, for a total transaction of $123,000.00. Following the transaction, the chief accounting officer now owns 140,706 shares of the company’s stock, valued at $2,884,473. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider R Sean Elliott sold 20,000 shares of Liberty Energy stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $20.50, for a total value of $410,000.00. Following the transaction, the insider now directly owns 218,530 shares in the company, valued at approximately $4,479,865. The disclosure for this sale can be found here. Insiders sold a total of 98,459 shares of company stock worth $2,077,491 over the last quarter. 3.60% of the stock is currently owned by corporate insiders.

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.