Palogic Value Management L.P. Makes New $1.49 Million Investment in Liberty Energy Inc. (NYSE:LBRT)

Palogic Value Management L.P. acquired a new position in Liberty Energy Inc. (NYSE:LBRT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 75,000 shares of the company's stock, valued at approximately $1,492,000.

A number of other large investors have also recently bought and sold shares of LBRT. Alpha Wealth Funds LLC bought a new stake in Liberty Energy during the fourth quarter valued at about $728,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Liberty Energy during the fourth quarter valued at about $3,365,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Liberty Energy by 5.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 338,798 shares of the company's stock worth $6,739,000 after purchasing an additional 17,440 shares during the period. iSAM Funds UK Ltd bought a new position in Liberty Energy during the fourth quarter worth about $312,000. Finally, Squarepoint Ops LLC lifted its stake in Liberty Energy by 1,081.4% during the fourth quarter. Squarepoint Ops LLC now owns 316,073 shares of the company's stock worth $6,287,000 after purchasing an additional 289,320 shares during the period. 98.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Liberty Energy from $16.00 to $13.00 and set a "neutral" rating for the company in a report on Wednesday. TD Cowen lifted their target price on shares of Liberty Energy from $10.00 to $13.00 and gave the stock a "hold" rating in a report on Monday, April 21st. Wells Fargo & Company reissued an "equal weight" rating and set a $11.00 price target (down from $20.00) on shares of Liberty Energy in a research report on Tuesday, April 8th. Cowen reissued a "hold" rating on shares of Liberty Energy in a research report on Monday, April 21st. Finally, Morgan Stanley cut 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 report on Friday, May 16th. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.14.

Liberty Energy Stock Down 3.7%

LBRT stock traded down $0.45 during midday trading on Friday, hitting $11.59. The company's stock had a trading volume of 2,936,335 shares, compared to its average volume of 2,796,372. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97. Liberty Energy Inc. has a twelve month low of $9.50 and a twelve month high of $24.75. The company's fifty day moving average price is $12.21 and its 200 day moving average price is $16.19. The stock has a market capitalization of $1.88 billion, a P/E ratio of 6.20 and a beta of 0.71.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. The company had revenue of $977.46 million for the quarter, compared to analyst estimates of $960.64 million. During the same period in the previous year, the business earned $0.48 EPS. As a group, equities research analysts predict that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.32 dividend on an annualized basis and a yield of 2.76%. Liberty Energy's dividend payout ratio (DPR) is currently 21.19%.

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.