MQS Management LLC Boosts Holdings in Liberty Energy Inc. (NYSE:LBRT)

MQS Management LLC grew its position in shares of Liberty Energy Inc. (NYSE:LBRT) by 18.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,643 shares of the company’s stock after purchasing an additional 2,738 shares during the period. MQS Management LLC’s holdings in Liberty Energy were worth $369,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LBRT. EdgeRock Capital LLC bought a new position in Liberty Energy in the 2nd quarter worth about $32,000. GAMMA Investing LLC grew its holdings in shares of Liberty Energy by 69.2% during the second quarter. GAMMA Investing LLC now owns 1,743 shares of the company’s stock worth $36,000 after purchasing an additional 713 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Liberty Energy in the fourth quarter worth approximately $39,000. nVerses Capital LLC increased its position in shares of Liberty Energy by 45.0% in the second quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock worth $61,000 after purchasing an additional 900 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in Liberty Energy by 70.8% in the fourth 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. Institutional investors own 98.22% of the company’s stock.

Insider Buying and Selling

In other Liberty Energy news, CFO Michael Stock sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $21.01, for a total transaction of $105,050.00. Following the completion of the transaction, the chief financial officer now owns 745,207 shares of the company’s stock, valued at approximately $15,656,799.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Christopher A. Wright sold 20,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $19.91, for a total transaction of $398,200.00. Following the transaction, the chief executive officer now owns 2,678,813 shares in the company, valued at $53,335,166.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael Stock sold 5,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $21.01, for a total transaction of $105,050.00. Following the completion of the transaction, the chief financial officer now directly owns 745,207 shares of the company’s stock, valued at $15,656,799.07. The disclosure for this sale can be found here. Insiders have sold 100,000 shares of company stock valued at $2,084,231 over the last ninety days. 3.60% of the stock is owned by insiders.

Liberty Energy Price Performance

Shares of Liberty Energy stock opened at $21.07 on Friday. The stock has a market capitalization of $3.51 billion, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 1.11 and a beta of 1.69. Liberty Energy Inc. has a one year low of $16.33 and a one year high of $24.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.35 and a quick ratio of 1.07. The business’s 50 day simple moving average is $20.80 and its two-hundred day simple moving average is $21.45.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, July 17th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Liberty Energy had a net margin of 9.53% and a return on equity of 22.85%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 earnings per share. Analysts forecast that Liberty Energy Inc. will post 2.17 EPS for the current year.

Liberty Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, September 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.33%. Liberty Energy’s dividend payout ratio is currently 10.22%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays cut their price target on shares of Liberty Energy from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Tuesday, July 23rd. Bank of America reduced their target price on Liberty Energy from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. TD Cowen dropped their price target on Liberty Energy from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Friday, July 19th. Piper Sandler decreased their price objective on Liberty Energy from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, July 15th. Finally, Citigroup raised Liberty Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $24.00 to $32.00 in a research note on Wednesday, May 29th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.78.

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.