127,300 Shares in Liberty Energy Inc. $LBRT Purchased by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp acquired a stake of 127,300 shares in Liberty Energy Inc., valued at approximately $2,015,000, representing about 0.08% ownership as of the last reporting period.
• Several large investors, including Vanguard Group Inc. and American Century Companies Inc., have recently increased their holdings in Liberty Energy, reflecting significant institutional interest with 98.22% of the stock held by hedge funds and other institutional investors.
• Liberty Energy's recent earnings report showed a decrease in revenue of 10.1% year-over-year, with earnings per share of $0.12 missing analysts' expectations of $0.14, while the company announced a quarterly dividend of $0.08, yielding 2.8%.

OMERS ADMINISTRATION Corp acquired a new position in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 127,300 shares of the company's stock, valued at approximately $2,015,000. OMERS ADMINISTRATION Corp owned 0.08% of Liberty Energy as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Callodine Capital Management LP acquired a new stake in shares of Liberty Energy in the first quarter valued at approximately $5,517,000. Penn Capital Management Company LLC raised its position in shares of Liberty Energy by 91.5% in the first quarter. Penn Capital Management Company LLC now owns 516,789 shares of the company's stock valued at $8,201,000 after buying an additional 246,980 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Liberty Energy by 10.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 565,214 shares of the company's stock valued at $8,947,000 after buying an additional 53,324 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Liberty Energy in the first quarter valued at approximately $50,000. Finally, Hsbc Holdings PLC raised its position in Liberty Energy by 18.8% during the first quarter. Hsbc Holdings PLC now owns 68,374 shares of the company's stock valued at $1,079,000 after purchasing an additional 10,814 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Morgan Stanley lowered their price objective on shares of Liberty Energy from $25.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Barclays lowered their price target on shares of Liberty Energy from $16.00 to $14.00 and set an "overweight" rating for the company in a report on Tuesday, July 29th. 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 report on Monday, July 28th. Wells Fargo & Company upped their price target on shares of Liberty Energy from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Thursday, June 5th. Finally, Wall Street Zen downgraded shares of Liberty Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $15.05.

Liberty Energy Trading Up 3.4%

LBRT traded up $0.36 during trading on Thursday, reaching $10.69. 1,886,353 shares of the stock traded hands, compared to its average volume of 3,395,935. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.73 billion, a PE ratio of 8.23 and a beta of 0.63. The stock's 50-day moving average is $11.65 and its 200 day moving average is $12.76. Liberty Energy Inc. has a 12 month low of $9.50 and a 12 month high of $23.58.

Liberty Energy (NYSE:LBRT - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.12 EPS 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 business's revenue was down 10.1% compared to the same quarter last year. During the same period last year, the company posted $0.64 EPS. Equities analysts anticipate that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, September 4th. This represents a $0.32 annualized dividend and a dividend yield of 3.0%. Liberty Energy's dividend payout ratio is currently 24.62%.

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.