Qsemble Capital Management LP Takes Position in Liberty Energy Inc. (NYSE:LBRT)

Qsemble Capital Management LP purchased a new position in Liberty Energy Inc. (NYSE:LBRT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,342 shares of the company’s stock, valued at approximately $425,000.

A number of other large investors also recently added to or reduced their stakes in LBRT. Principal Securities Inc. acquired a new position in shares of Liberty Energy during the fourth quarter valued at approximately $39,000. BNP Paribas Financial Markets increased its position in shares of Liberty Energy by 58.4% during the fourth quarter. BNP Paribas Financial Markets now owns 56,815 shares of the company’s stock worth $1,031,000 after purchasing an additional 20,939 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Liberty Energy by 28.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,719 shares of the company’s stock valued at $249,000 after purchasing an additional 3,059 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Liberty Energy by 70.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,909 shares of the company’s stock valued at $53,000 after purchasing an additional 1,206 shares in the last quarter. Finally, Norges Bank acquired a new stake in Liberty Energy during the 4th quarter worth $13,877,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LBRT. TD Cowen decreased their price target on shares of Liberty Energy from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. Bank of America lowered their target price on Liberty Energy from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Citigroup raised Liberty Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $24.00 to $32.00 in a report on Wednesday, May 29th. Barclays lowered their price objective on Liberty Energy from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 23rd. Finally, Piper Sandler cut their target price on Liberty Energy from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday, July 15th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.78.

Insider Buying and Selling at Liberty Energy

In other news, CFO Michael Stock sold 15,626 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $20.82, for a total transaction of $325,333.32. Following the completion of the transaction, the chief financial officer now directly owns 789,581 shares in the company, valued at $16,439,076.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Michael Stock sold 15,626 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $20.82, for a total transaction of $325,333.32. Following the sale, the chief financial officer now owns 789,581 shares of the company’s stock, valued at $16,439,076.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher A. Wright sold 20,000 shares of Liberty Energy stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $20.26, for a total transaction of $405,200.00. Following the completion of the transaction, the chief executive officer now owns 2,758,813 shares of the company’s stock, valued at approximately $55,893,551.38. The disclosure for this sale can be found here. Insiders have sold a total of 75,000 shares of company stock valued at $1,580,981 over the last quarter. 3.60% of the stock is owned by company insiders.

Liberty Energy Stock Performance

NYSE LBRT opened at $19.36 on Friday. The stock has a fifty day simple moving average of $20.77 and a 200-day simple moving average of $21.47. The company has a current ratio of 1.35, a quick ratio of 1.07 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.20 billion, a PE ratio of 7.07, a P/E/G ratio of 1.11 and a beta of 1.68. Liberty Energy Inc. has a twelve month low of $16.33 and a twelve month high of $24.75.

Liberty Energy (NYSE:LBRT) last announced its earnings results on Wednesday, July 17th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. Liberty Energy had a net margin of 9.53% and a return on equity of 22.85%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm posted $0.87 earnings per share. Liberty Energy’s revenue was down 2.9% compared to the same quarter last year. Equities analysts anticipate that Liberty Energy Inc. will post 2.17 earnings per share for the current year.

Liberty Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.28 annualized dividend and a yield of 1.45%. Liberty Energy’s dividend payout ratio (DPR) is presently 10.22%.

About Liberty Energy

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.