Y Intercept Hong Kong Ltd Buys Shares of 250,564 Liberty Energy Inc. $LBRT

Y Intercept Hong Kong Ltd bought a new stake in shares of Liberty Energy Inc. (NYSE:LBRT) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 250,564 shares of the company’s stock, valued at approximately $2,876,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Liberty Energy during the first quarter valued at $50,000. Caitong International Asset Management Co. Ltd bought a new stake in Liberty Energy during the second quarter valued at $48,000. GAMMA Investing LLC increased its stake in Liberty Energy by 281.1% during the second quarter. GAMMA Investing LLC now owns 4,329 shares of the company’s stock valued at $50,000 after purchasing an additional 3,193 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Liberty Energy by 45.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,465 shares of the company’s stock valued at $71,000 after purchasing an additional 1,392 shares during the period. Finally, Pekin Hardy Strauss Inc. acquired a new position in Liberty Energy during the 1st quarter valued at approximately $161,000. Institutional investors own 98.22% of the company’s stock.

Wall Street Analyst Weigh In

LBRT has been the subject of a number of analyst reports. Citigroup upgraded Liberty Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $12.00 to $21.00 in a research report on Tuesday, October 21st. Weiss Ratings lowered shares of Liberty Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Wall Street Zen lowered shares of Liberty Energy from a “hold” rating to a “sell” rating in a research report on Sunday, October 19th. Stifel Nicolaus lowered their price target on shares of Liberty Energy from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, July 28th. Finally, Piper Sandler set a $16.00 price target on shares of Liberty Energy and gave the stock a “neutral” rating in a research report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Liberty Energy has a consensus rating of “Hold” and a consensus target price of $16.10.

Liberty Energy Stock Performance

Shares of LBRT opened at $18.69 on Friday. The firm has a 50-day moving average price of $12.66 and a 200 day moving average price of $12.22. The firm has a market capitalization of $3.03 billion, a PE ratio of 16.69 and a beta of 0.74. The company has a quick ratio of 1.05, a current ratio of 1.32 and a debt-to-equity ratio of 0.22. Liberty Energy Inc. has a 52-week low of $9.50 and a 52-week high of $23.58.

Liberty Energy (NYSE:LBRT) last announced its earnings results on Thursday, October 16th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The company had revenue of $947.40 million during the quarter, compared to the consensus estimate of $967.05 million. Liberty Energy had a net margin of 4.76% and a return on equity of 1.69%. The business’s quarterly revenue was down 16.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. On average, sell-side analysts anticipate that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a $0.09 dividend. The ex-dividend date is Thursday, December 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.9%. This is a boost from Liberty Energy’s previous quarterly dividend of $0.08. Liberty Energy’s payout ratio is currently 28.57%.

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.