Nomura Holdings Inc. Invests $417,000 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. purchased a new position in Liberty Energy Inc. (NYSE:LBRT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 26,359 shares of the company's stock, valued at approximately $417,000.

Other hedge funds have also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Liberty Energy in the first quarter valued at $50,000. PNC Financial Services Group Inc. boosted its position in shares of Liberty Energy by 45.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,465 shares of the company's stock worth $71,000 after buying an additional 1,392 shares in the last quarter. Pekin Hardy Strauss Inc. acquired a new stake in Liberty Energy in the 1st quarter valued at about $161,000. Sowell Financial Services LLC purchased a new position in Liberty Energy during the 1st quarter valued at about $162,000. Finally, Cooper Financial Group increased its holdings in Liberty Energy by 10.9% during the 1st quarter. Cooper Financial Group now owns 11,641 shares of the company's stock valued at $184,000 after acquiring an additional 1,145 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Energy Trading Down 2.5%

NYSE LBRT traded down $0.26 during trading hours on Friday, hitting $10.47. 4,204,287 shares of the company's stock were exchanged, compared to its average volume of 2,636,085. The business's 50 day moving average is $11.62 and its 200-day moving average is $12.59. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 1.16. Liberty Energy Inc. has a 12-month low of $9.50 and a 12-month high of $23.58. The firm has a market capitalization of $1.70 billion, a P/E ratio of 8.05 and a beta of 0.63.

Liberty Energy (NYSE:LBRT - Get Free Report) last announced its quarterly earnings results 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). Liberty Energy had a net margin of 5.29% and a return on equity of 6.01%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business earned $0.64 EPS. The firm's revenue for the quarter was down 10.1% compared to the same quarter last year. As a group, analysts anticipate that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Thursday, September 4th. Liberty Energy's dividend payout ratio (DPR) is presently 24.62%.

Analyst Ratings Changes

Several research analysts recently issued reports on LBRT shares. Piper Sandler cut their price objective on Liberty Energy from $14.00 to $13.00 and set a "neutral" rating for the company in a research report on Thursday, August 14th. Wells Fargo & Company raised their price target on Liberty Energy from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 5th. Wall Street Zen raised Liberty Energy from a "sell" rating to a "hold" rating in a report on Friday. Barclays decreased their price objective on Liberty Energy from $16.00 to $14.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. dropped their price objective on Liberty Energy from $16.00 to $13.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.