Mutual of America Capital Management LLC Has $7.66 Million Position in Liberty Energy Inc. (NYSE:LBRT)

Mutual of America Capital Management LLC boosted its position in shares of Liberty Energy Inc. (NYSE:LBRT) by 184.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 366,689 shares of the company’s stock after purchasing an additional 237,873 shares during the quarter. Mutual of America Capital Management LLC owned 0.22% of Liberty Energy worth $7,660,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. EdgeRock Capital LLC acquired a new position in Liberty Energy during the second quarter valued at approximately $32,000. GAMMA Investing LLC lifted its stake in Liberty Energy by 69.2% in the second quarter. GAMMA Investing LLC now owns 1,743 shares of the company’s stock valued at $36,000 after buying an additional 713 shares in the last quarter. Principal Securities Inc. bought a new position in Liberty Energy in the fourth quarter valued at approximately $39,000. nVerses Capital LLC lifted its stake in Liberty Energy by 45.0% in the second quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock valued at $61,000 after buying an additional 900 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted 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 buying an additional 1,206 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Insiders Place Their Bets

In other Liberty Energy news, CFO Michael Stock sold 15,626 shares of the company’s stock in a transaction on 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 directly owns 789,581 shares of the company’s stock, valued at $16,439,076.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $20.26, for a total value of $405,200.00. Following the transaction, the chief executive officer now directly owns 2,758,813 shares in the company, valued at $55,893,551.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Michael Stock sold 15,626 shares of the company’s stock in a transaction on Monday, July 1st. The shares were 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 owns 789,581 shares in the company, valued at $16,439,076.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,000 shares of company stock valued at $2,084,231. 3.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LBRT shares. Bank of America cut their price target on shares of Liberty Energy from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. Barclays cut their price target on shares of Liberty Energy from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 23rd. Piper Sandler cut their price target on shares of Liberty Energy from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Monday, July 15th. Citigroup raised shares of Liberty Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $24.00 to $32.00 in a research note on Wednesday, May 29th. Finally, TD Cowen cut their price objective on shares of Liberty Energy from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.78.

Liberty Energy Stock Performance

Shares of LBRT stock opened at $21.07 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.35 and a debt-to-equity ratio of 0.17. The company’s fifty day simple moving average is $20.80 and its 200-day simple moving average is $21.45. Liberty Energy Inc. has a 12 month low of $16.33 and a 12 month high of $24.75. The firm has a market cap of $3.51 billion, a PE ratio of 7.69, a P/E/G ratio of 1.11 and a beta of 1.69.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.61 earnings per share (EPS) 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 firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm posted $0.87 earnings per share. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities research analysts expect that Liberty Energy Inc. will post 2.17 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, September 6th. Liberty Energy’s dividend payout ratio (DPR) is currently 10.22%.

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.