Nomura Holdings Inc. Acquires New Shares in Liberty Energy Inc. $LBRT

Key Points

• Nomura Holdings Inc. acquired 26,359 shares of Liberty Energy Inc., valued at approximately $417,000, during the first quarter as reported in their Form 13F filing.
• Liberty Energy recently declared a quarterly dividend of $0.08 per share, with an ex-dividend date set for September 4th, reflecting a yield of 3.0%.
• The stock's recent performance shows a market cap of $1.74 billion, with a fifty-two week trading range from $9.50 to $23.58, and analysts maintaining a consensus rating of "Moderate Buy" with an average price target of $15.05.

Nomura Holdings Inc. bought a new position in Liberty Energy Inc. (NYSE:LBRT - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 26,359 shares of the company's stock, valued at approximately $417,000.

A number of other large investors have also recently modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S bought a new position in Liberty Energy in the first quarter worth about $50,000. PNC Financial Services Group Inc. grew its holdings in shares of Liberty Energy by 45.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,465 shares of the company's stock worth $71,000 after acquiring an additional 1,392 shares during the period. Pekin Hardy Strauss Inc. bought a new position in shares of Liberty Energy in the 1st quarter worth approximately $161,000. Sowell Financial Services LLC bought a new position in shares of Liberty Energy in the 1st quarter worth approximately $162,000. Finally, Cooper Financial Group lifted its stake in shares of Liberty Energy by 10.9% in the 1st quarter. Cooper Financial Group now owns 11,641 shares of the company's stock valued at $184,000 after purchasing an additional 1,145 shares during the period. Institutional investors own 98.22% of the company's stock.

Liberty Energy Stock Up 8.7%

Liberty Energy stock traded up $0.87 during mid-day trading on Wednesday, reaching $10.89. The stock had a trading volume of 5,187,339 shares, compared to its average volume of 2,957,488. Liberty Energy Inc. has a one year low of $9.50 and a one year high of $23.58. The company has a 50-day moving average price of $11.52 and a two-hundred day moving average price of $12.51. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 8.37 and a beta of 0.63. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.16 and a quick ratio of 0.91.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.02). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Liberty Energy had a net margin of 5.29% and a return on equity of 6.01%. The firm's revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 earnings per share. On average, analysts expect that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Thursday, September 4th. Liberty Energy's payout ratio is presently 24.62%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Liberty Energy from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 5th. Barclays reduced their target price on shares of Liberty Energy from $16.00 to $14.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 29th. JPMorgan Chase & Co. lowered their price target on shares of Liberty Energy from $16.00 to $13.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Morgan Stanley dropped their price objective on shares of Liberty Energy from $25.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Finally, Piper Sandler cut their price objective on shares of Liberty Energy from $14.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.05.

Liberty Energy 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.