Liberty Energy Inc. (NYSE:LBRT) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP boosted its position in Liberty Energy Inc. (NYSE:LBRT) by 132.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,744 shares of the company’s stock after purchasing an additional 64,790 shares during the period. Quantbot Technologies LP owned about 0.07% of Liberty Energy worth $2,171,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in LBRT. Empowered Funds LLC boosted its stake in shares of Liberty Energy by 45.1% in the third quarter. Empowered Funds LLC now owns 495,578 shares of the company’s stock valued at $9,461,000 after buying an additional 154,070 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Liberty Energy by 4.5% in the third quarter. Principal Financial Group Inc. now owns 872,215 shares of the company’s stock valued at $16,651,000 after acquiring an additional 37,927 shares during the period. Quest Partners LLC boosted its position in shares of Liberty Energy by 168.2% during the 3rd quarter. Quest Partners LLC now owns 62,979 shares of the company’s stock worth $1,202,000 after purchasing an additional 39,497 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Liberty Energy by 27.2% during the 3rd quarter. Mutual of America Capital Management LLC now owns 466,411 shares of the company’s stock worth $8,904,000 after purchasing an additional 99,722 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Liberty Energy in the 3rd quarter valued at about $619,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Liberty Energy Trading Up 0.2 %

Shares of LBRT stock opened at $18.44 on Friday. Liberty Energy Inc. has a twelve month low of $16.57 and a twelve month high of $24.75. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 8.78 and a beta of 1.70. The firm has a 50-day moving average price of $18.70 and a 200 day moving average price of $20.42. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings data on Wednesday, October 16th. The company reported $0.45 earnings per share 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 firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm earned $0.85 EPS. The business’s quarterly revenue was down 6.4% on a year-over-year basis. Research analysts forecast that Liberty Energy Inc. will post 1.75 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 Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Friday, December 6th. This is a positive change from Liberty Energy’s previous quarterly dividend of $0.07. Liberty Energy’s dividend payout ratio is currently 15.24%.

Analysts Set New Price Targets

A number of research firms recently commented on LBRT. Barclays decreased their price objective on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Royal Bank of Canada lowered their price target on Liberty Energy from $26.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, October 18th. Evercore ISI upgraded Liberty Energy to a “strong-buy” rating in a research report on Thursday, October 17th. Citigroup cut Liberty Energy from a “buy” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $19.00 in a research report on Friday, October 18th. Finally, Stifel Nicolaus lowered their price objective on shares of Liberty Energy from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. 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. According to data from MarketBeat.com, Liberty Energy presently has a consensus rating of “Moderate Buy” and an average price target of $22.89.

Insider Transactions at Liberty Energy

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 shares were sold at an average price of $19.91, for a total value of $398,200.00. Following the sale, the chief executive officer now directly owns 2,678,813 shares of the company’s stock, valued at approximately $53,335,166.83. This trade represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Stock sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $21.01, for a total transaction 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 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 99,037 shares of company stock worth $1,911,802 over the last quarter. 3.60% of the stock is currently owned by 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.