Liberty Energy Inc. (NYSE:LBRT) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its stake in Liberty Energy Inc. (NYSE:LBRT) by 32.7% in the first quarter, Holdings Channel reports. The firm owned 319,342 shares of the company’s stock after purchasing an additional 78,649 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Liberty Energy were worth $6,617,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Diversified Trust Co increased its holdings in shares of Liberty Energy by 2.5% in the first quarter. Diversified Trust Co now owns 20,617 shares of the company’s stock valued at $427,000 after purchasing an additional 507 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Liberty Energy by 4.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 14,262 shares of the company’s stock valued at $296,000 after acquiring an additional 543 shares during the last quarter. Perigon Wealth Management LLC increased its stake in shares of Liberty Energy by 2.4% in the first quarter. Perigon Wealth Management LLC now owns 24,815 shares of the company’s stock worth $514,000 after acquiring an additional 571 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Liberty Energy by 3.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 17,902 shares of the company’s stock worth $325,000 after purchasing an additional 621 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Liberty Energy by 27.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company’s stock valued at $59,000 after purchasing an additional 709 shares during the period. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Liberty Energy Price Performance

Shares of LBRT stock traded down $0.04 on Wednesday, reaching $21.27. 1,987,048 shares of the company were exchanged, compared to its average volume of 2,715,654. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 1.25 and a beta of 1.74. Liberty Energy Inc. has a 1 year low of $15.57 and a 1 year high of $24.75. The business has a 50-day moving average price of $21.89 and a 200 day moving average price of $21.12. 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 (NYSE:LBRT) last announced its earnings results on Wednesday, July 17th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Liberty Energy had a return on equity of 22.85% and a net margin of 9.53%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 earnings per share. Equities research analysts forecast that Liberty Energy Inc. will post 2.21 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be issued a $0.07 dividend. The ex-dividend date is Friday, September 6th. This represents a $0.28 dividend on an annualized basis and a yield of 1.32%. Liberty Energy’s payout ratio is currently 10.22%.

Analyst Upgrades and Downgrades

LBRT has been the topic of several analyst reports. Bank of America cut their price target on Liberty Energy from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. Morgan Stanley reiterated an “equal weight” rating and set a $24.00 price target on shares of Liberty Energy in a research report on Monday, April 22nd. Piper Sandler lowered their price objective on Liberty Energy from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, July 15th. Royal Bank of Canada lifted their target price 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. Finally, Citigroup raised shares of Liberty Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $24.00 to $32.00 in a report on Wednesday, May 29th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Liberty Energy presently has an average rating of “Moderate Buy” and a consensus price target of $24.78.

Insider Buying and Selling at Liberty Energy

In other news, CAO Ryan T. Gosney sold 2,000 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $23.50, for a total transaction of $47,000.00. Following the completion of the sale, the chief accounting officer now owns 170,882 shares of the company’s stock, valued at $4,015,727. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, President Ron Gusek sold 50,000 shares of Liberty Energy stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $22.99, for a total transaction of $1,149,500.00. Following the transaction, the president now owns 1,213,259 shares in the company, valued at $27,892,824.41. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Ryan T. Gosney sold 2,000 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $23.50, for a total value of $47,000.00. Following the completion of the sale, the chief accounting officer now owns 170,882 shares of the company’s stock, valued at $4,015,727. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 176,000 shares of company stock worth $3,932,731. Corporate insiders own 3.60% of the company’s stock.

Liberty Energy Company 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.