Liberty Energy Inc. $LBRT Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its holdings in Liberty Energy Inc. (NYSE:LBRT) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,748 shares of the company’s stock after acquiring an additional 1,212 shares during the period. Yousif Capital Management LLC’s holdings in Liberty Energy were worth $732,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LBRT. Vanguard Group Inc. increased its position in shares of Liberty Energy by 6.5% in the first quarter. Vanguard Group Inc. now owns 18,443,909 shares of the company’s stock worth $291,967,000 after acquiring an additional 1,128,491 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Liberty Energy in the first quarter worth $7,743,000. Callodine Capital Management LP acquired a new stake in shares of Liberty Energy in the first quarter worth $5,517,000. American Century Companies Inc. increased its position in shares of Liberty Energy by 6.4% in the first quarter. American Century Companies Inc. now owns 5,508,609 shares of the company’s stock worth $87,201,000 after acquiring an additional 330,520 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Liberty Energy by 13.5% in the first quarter. The Manufacturers Life Insurance Company now owns 2,438,018 shares of the company’s stock worth $38,593,000 after acquiring an additional 290,320 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Liberty Energy Trading Down 4.3%

NYSE LBRT opened at $15.23 on Thursday. Liberty Energy Inc. has a 12 month low of $9.50 and a 12 month high of $23.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.05. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 13.59 and a beta of 0.74. The company’s fifty day moving average price is $11.88 and its two-hundred day moving average price is $11.93.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings data on Thursday, October 16th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). Liberty Energy had a net margin of 4.76% and a return on equity of 1.69%. The company had revenue of $947.40 million for the quarter, compared to the consensus estimate of $967.05 million. During the same quarter last year, the company earned $0.45 earnings per share. The company’s revenue was down 16.8% compared to the same quarter last year. As a group, research analysts predict that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a $0.09 dividend. This is a boost from Liberty Energy’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.36 annualized dividend and a dividend yield of 2.4%. Liberty Energy’s dividend payout ratio (DPR) is presently 28.57%.

Wall Street Analysts Forecast Growth

LBRT has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Liberty Energy in a research report on Wednesday, October 8th. Barclays upped their target price on shares of Liberty Energy from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Tuesday. Wall Street Zen downgraded shares of Liberty Energy from a “hold” rating to a “sell” rating in a research note on Sunday. Citigroup upgraded shares of Liberty Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $12.00 to $21.00 in a research note on Tuesday. Finally, Stifel Nicolaus decreased their target price on shares of Liberty Energy from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.10.

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.