Capstone Investment Advisors LLC Takes $329,000 Position in Liberty Energy Inc. (NYSE:LBRT)

Capstone Investment Advisors LLC purchased a new stake in shares of Liberty Energy Inc. (NYSE:LBRTFree Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,897 shares of the company’s stock, valued at approximately $329,000.

Other large investors have also recently added to or reduced their stakes in the company. Diversified Trust Co raised its position in shares of Liberty Energy by 2.5% during the 1st quarter. Diversified Trust Co now owns 20,617 shares of the company’s stock worth $427,000 after purchasing an additional 507 shares during the period. Perigon Wealth Management LLC increased its position in Liberty Energy by 2.4% in the first quarter. Perigon Wealth Management LLC now owns 24,815 shares of the company’s stock worth $514,000 after buying an additional 571 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Liberty Energy by 3.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 17,902 shares of the company’s stock valued at $325,000 after buying an additional 621 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Liberty Energy by 27.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company’s stock valued at $59,000 after acquiring an additional 709 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of Liberty Energy by 5.6% during the first quarter. Janney Montgomery Scott LLC now owns 17,555 shares of the company’s stock worth $364,000 after acquiring an additional 931 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley restated an “equal weight” rating and issued a $24.00 price target on shares of Liberty Energy in a research note on Monday, April 22nd. Royal Bank of Canada raised their target price on Liberty Energy from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. Bank of America boosted their price target on Liberty Energy from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. TD Cowen raised their price target on Liberty Energy from $19.00 to $21.00 and gave the company a “hold” rating in a report on Friday, April 19th. Finally, Barclays upped their price objective on shares of Liberty Energy from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $25.50.

View Our Latest Research Report on Liberty Energy

Liberty Energy Price Performance

Shares of Liberty Energy stock opened at $19.82 on Wednesday. Liberty Energy Inc. has a 52 week low of $14.49 and a 52 week high of $24.75. The company has a current ratio of 1.48, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $22.01 and its two-hundred day moving average price is $20.90. The stock has a market cap of $3.30 billion, a PE ratio of 7.23, a price-to-earnings-growth ratio of 1.07 and a beta of 1.74.

Liberty Energy (NYSE:LBRTGet Free Report) last released its earnings results on Thursday, April 18th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Liberty Energy had a net margin of 10.43% and a return on equity of 26.46%. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.90 earnings per share. As a group, sell-side analysts anticipate that Liberty Energy Inc. will post 2.39 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Thursday, June 6th. Liberty Energy’s payout ratio is 10.22%.

Insider Transactions at Liberty Energy

In related news, insider R Sean Elliott sold 20,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $23.10, for a total value of $462,000.00. Following the completion of the transaction, the insider now owns 259,108 shares in the company, valued at approximately $5,985,394.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider R Sean Elliott sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $23.10, for a total value of $462,000.00. Following the completion of the sale, the insider now owns 259,108 shares in the company, valued at approximately $5,985,394.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Ryan T. Gosney sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $23.50, for a total transaction of $47,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 170,882 shares of the company’s stock, valued at approximately $4,015,727. The disclosure for this sale can be found here. Insiders have sold 171,626 shares of company stock valued at $3,840,833 over the last three months. Company insiders own 3.70% of the company’s stock.

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.

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

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