Liberty Energy Inc. $LBRT Stock Holdings Increased by Palogic Value Management L.P.

Key Points

• Palogic Value Management L.P. increased its stake in Liberty Energy by 54.2%, owning approximately 0.07% of the company valued at $1.83 million following the acquisition of 40,644 additional shares.
• Liberty Energy's stock performance showed variability, with recent price targets set by analysts ranging from a low of $11.00 to a high of $20.00, with an average target of $15.05.
• The firm announced a quarterly dividend of $0.08 per share, representing a yield of 3.2%, with a scheduled payout on September 18th.

Palogic Value Management L.P. lifted its position in Liberty Energy Inc. (NYSE:LBRT - Free Report) by 54.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 115,644 shares of the company's stock after purchasing an additional 40,644 shares during the period. Palogic Value Management L.P. owned about 0.07% of Liberty Energy worth $1,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in LBRT. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Liberty Energy during the 1st quarter valued at approximately $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. purchased a new position in shares of Liberty Energy during the 1st quarter worth about $161,000. Sowell Financial Services LLC acquired a new stake in Liberty Energy during the 1st quarter worth approximately $162,000. Finally, Cooper Financial Group boosted its stake in shares of 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 buying an additional 1,145 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on LBRT shares. Morgan Stanley decreased their price objective on Liberty Energy from $25.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Wells Fargo & Company upped their price objective on Liberty Energy from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. Stifel Nicolaus reduced their price target on Liberty Energy from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Monday, July 28th. Piper Sandler dropped their price objective on Liberty Energy from $14.00 to $13.00 and set a "neutral" rating for the company in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. lowered their target price on Liberty Energy from $16.00 to $13.00 and set a "neutral" rating for the company in a 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $15.05.

Liberty Energy Stock Performance

Shares of NYSE:LBRT traded down $0.40 during midday trading on Friday, hitting $10.70. The company had a trading volume of 3,009,308 shares, compared to its average volume of 3,378,357. The company has a fifty day moving average of $11.47 and a two-hundred day moving average of $12.38. Liberty Energy Inc. has a 12-month low of $9.50 and a 12-month high of $23.58. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 8.23 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 issued its 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). Liberty Energy had a return on equity of 6.01% and a net margin of 5.29%.The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same period last year, the business posted $0.64 earnings per share. The business's revenue was down 10.1% compared to the same quarter last year. On average, equities research analysts expect that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, September 4th. Liberty Energy's dividend payout ratio (DPR) is 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.