AlphaMark Advisors LLC Takes Position in Liberty Energy Inc. (NYSE:LBRT)

AlphaMark Advisors LLC bought a new stake in Liberty Energy Inc. (NYSE:LBRT) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 15,341 shares of the company’s stock, valued at approximately $293,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in shares of Liberty Energy by 27.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company’s stock worth $59,000 after purchasing an additional 709 shares during the period. Hennessy Advisors Inc. raised its holdings in Liberty Energy by 14.1% during the first quarter. Hennessy Advisors Inc. now owns 1,338,400 shares of the company’s stock worth $27,732,000 after buying an additional 165,400 shares during the last quarter. Diversified Trust Co raised its holdings in Liberty Energy by 2.5% during the first quarter. Diversified Trust Co now owns 20,617 shares of the company’s stock worth $427,000 after buying an additional 507 shares during the last quarter. Edge Financial Advisors LLC bought a new position in shares of Liberty Energy in the first quarter valued at $253,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Liberty Energy by 7.8% during the first quarter. Principal Financial Group Inc. now owns 863,232 shares of the company’s stock valued at $17,886,000 after buying an additional 62,198 shares during the last quarter. 98.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LBRT. TD Cowen dropped 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 report on Friday, July 19th. Stifel Nicolaus cut their target price on Liberty Energy from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday. Wells Fargo & Company decreased their price target on Liberty Energy from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday. Bank of America cut their price objective on shares of Liberty Energy from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Finally, Piper Sandler lowered their target price on shares of Liberty Energy from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Monday, July 15th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.70.

Liberty Energy Price Performance

Shares of NYSE:LBRT opened at $17.69 on Friday. The company has a market capitalization of $2.95 billion, a P/E ratio of 6.46, a price-to-earnings-growth ratio of 1.20 and a beta of 1.68. The company’s 50-day moving average is $20.03 and its 200 day moving average is $21.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.07 and a current ratio of 1.35. Liberty Energy Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $24.75.

Liberty Energy (NYSE:LBRT) last released its earnings results 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). The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Liberty Energy had a net margin of 9.53% and a return on equity of 22.85%. The firm’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. On average, equities research analysts forecast that Liberty Energy Inc. will post 2.14 earnings per share for the current year.

Liberty Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.08 dividend. The ex-dividend date is Friday, December 6th. This is a positive change from Liberty Energy’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 1.81%. Liberty Energy’s payout ratio is presently 11.68%.

Insider Activity

In related news, CFO Michael Stock sold 20,000 shares of Liberty Energy stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $22.92, for a total value of $458,400.00. Following the completion of the sale, the chief financial officer now owns 765,207 shares of the company’s stock, valued at approximately $17,538,544.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 95,000 shares of company stock valued at $1,945,650 in the last 90 days. Insiders own 3.60% of the company’s stock.

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.