Semanteon Capital Management LP Acquires Shares of 49,697 Liberty Energy Inc. (NYSE:LBRT)

Semanteon Capital Management LP bought a new position in Liberty Energy Inc. (NYSE:LBRT) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 49,697 shares of the company’s stock, valued at approximately $902,000.

Several other institutional investors and hedge funds have also recently modified their holdings of LBRT. CWM LLC increased its stake in shares of Liberty Energy by 59.7% during the third quarter. CWM LLC now owns 3,166 shares of the company’s stock valued at $59,000 after purchasing an additional 1,183 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Liberty Energy during the third quarter valued at $97,000. Spirit of America Management Corp NY bought a new stake in Liberty Energy in the fourth quarter worth $127,000. Xponance Inc. bought a new stake in Liberty Energy in the fourth quarter worth $182,000. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of Liberty Energy in the third quarter worth $190,000. 98.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Energy Price Performance

Shares of Liberty Energy stock traded up $0.25 during trading hours on Thursday, reaching $23.01. The company’s stock had a trading volume of 3,438,623 shares, compared to its average volume of 2,970,124. The firm has a 50 day moving average price of $21.38 and a 200-day moving average price of $19.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.48 and a quick ratio of 1.16. The stock has a market cap of $3.84 billion, a P/E ratio of 8.35, a P/E/G ratio of 1.15 and a beta of 1.85. Liberty Energy Inc. has a one year low of $11.62 and a one year high of $23.31.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Thursday, April 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Liberty Energy had a net margin of 10.43% and a return on equity of 26.46%. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter last year, the company earned $0.90 earnings per share. On average, analysts predict that Liberty Energy Inc. will post 2.55 EPS for the current year.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, June 5th. Liberty Energy’s dividend payout ratio (DPR) is 10.22%.

Wall Street Analysts Forecast Growth

LBRT has been the topic of a number of analyst reports. TD Cowen lifted their price objective on Liberty Energy from $19.00 to $21.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Barclays increased their price objective on shares of Liberty Energy from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Morgan Stanley reissued an “equal weight” rating and issued a $24.00 target price on shares of Liberty Energy in a report on Monday. Piper Sandler raised their target price on shares of Liberty Energy from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Finally, Royal Bank of Canada lifted their price target on shares of Liberty Energy from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, April 19th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Liberty Energy currently has an average rating of “Moderate Buy” and a consensus price target of $24.30.

Insider Activity

In other Liberty Energy news, insider R Sean Elliott sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $20.50, for a total transaction of $410,000.00. Following the completion of the transaction, the insider now owns 218,530 shares in the company, valued at $4,479,865. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider R Sean Elliott sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $20.50, for a total value of $410,000.00. Following the transaction, the insider now owns 218,530 shares of the company’s stock, valued at approximately $4,479,865. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Ryan T. Gosney sold 6,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $20.50, for a total value of $123,000.00. Following the transaction, the chief accounting officer now owns 140,706 shares in the company, valued at $2,884,473. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 98,459 shares of company stock valued at $2,077,491. 3.70% of the stock is currently owned by company insiders.

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.