49,697 Shares in Liberty Energy Inc. (NYSE:LBRT) Bought by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new position in shares of Liberty Energy Inc. (NYSE:LBRT) during the 4th quarter, Holdings Channel reports. The firm bought 49,697 shares of the company’s stock, valued at approximately $902,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in Liberty Energy by 93.9% during the 4th quarter. Pacer Advisors Inc. now owns 4,587,073 shares of the company’s stock valued at $83,210,000 after acquiring an additional 2,221,588 shares in the last quarter. Invesco Ltd. increased its stake in shares of Liberty Energy by 455.5% during the 3rd quarter. Invesco Ltd. now owns 1,536,812 shares of the company’s stock worth $28,462,000 after purchasing an additional 1,260,142 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Liberty Energy by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 20,546,529 shares of the company’s stock worth $380,522,000 after purchasing an additional 893,563 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Liberty Energy by 4,473.9% in the 3rd quarter. Principal Financial Group Inc. now owns 836,470 shares of the company’s stock valued at $15,491,000 after buying an additional 818,182 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Liberty Energy by 53.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,244,480 shares of the company’s stock valued at $41,568,000 after buying an additional 778,111 shares during the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on LBRT shares. Piper Sandler upped their price objective on Liberty Energy from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. TD Cowen lifted their price target on shares of Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Bank of America boosted their price objective on shares of Liberty Energy from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. Wells Fargo & Company boosted their price target on Liberty Energy from $24.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, Royal Bank of Canada raised their price objective on Liberty Energy from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.30.

Insider Transactions at Liberty Energy

In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $20.27, for a total transaction of $405,400.00. Following the completion of the sale, the chief executive officer now owns 2,830,402 shares in the company, valued at $57,372,248.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Liberty Energy news, CAO Ryan T. Gosney sold 6,000 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $20.50, for a total transaction of $123,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 140,706 shares of the company’s stock, valued at approximately $2,884,473. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher A. Wright sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $20.27, for a total transaction of $405,400.00. Following the completion of the sale, the chief executive officer now owns 2,830,402 shares in the company, valued at approximately $57,372,248.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,459 shares of company stock worth $2,077,491. 3.70% of the stock is currently owned by corporate insiders.

Liberty Energy Stock Up 1.1 %

Shares of LBRT stock traded up $0.25 during mid-day trading on Thursday, reaching $23.01. 3,438,623 shares of the company were exchanged, compared to its average volume of 2,970,124. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.48. The business’s 50 day simple moving average is $21.38 and its 200 day simple moving average is $19.81. The company has a market capitalization 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 fifty-two week low of $11.62 and a fifty-two week high of $23.31.

Liberty Energy (NYSE:LBRT) last released its earnings results on Thursday, April 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm posted $0.90 EPS. Liberty Energy’s revenue for the quarter was down 12.8% on a year-over-year basis. Research analysts predict that Liberty Energy Inc. will post 2.55 earnings per share for the current year.

Liberty Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be issued 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 is Wednesday, June 5th. Liberty Energy’s dividend payout ratio is presently 10.22%.

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.