Prudent Man Advisors LLC Invests $137,000 in Liberty Energy Inc. $LBRT

Prudent Man Advisors LLC purchased a new position in shares of Liberty Energy Inc. (NYSE:LBRT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,924 shares of the company’s stock, valued at approximately $137,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LBRT. Caitong International Asset Management Co. Ltd bought a new position in shares of Liberty Energy during the 2nd quarter worth $48,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Liberty Energy in the 1st quarter valued at about $50,000. GAMMA Investing LLC raised its holdings in shares of Liberty Energy by 281.1% in the 2nd quarter. GAMMA Investing LLC now owns 4,329 shares of the company’s stock valued at $50,000 after acquiring an additional 3,193 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings 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 valued at $71,000 after acquiring an additional 1,392 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of Liberty Energy in the 1st quarter valued at about $161,000. Institutional investors own 98.22% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on LBRT. Barclays raised their price objective on Liberty Energy from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Tuesday, October 21st. Stifel Nicolaus decreased their price objective on Liberty Energy from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Monday, July 28th. Royal Bank Of Canada raised their price objective on Liberty Energy from $13.00 to $15.00 and gave the company a “sector perform” rating in a report on Monday, October 20th. Piper Sandler set a $16.00 price target on Liberty Energy and gave the stock a “neutral” rating in a research report on Monday, October 20th. Finally, Wall Street Zen lowered Liberty Energy from a “hold” rating to a “sell” rating in a research report on Sunday, October 19th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.10.

Liberty Energy Price Performance

LBRT opened at $16.43 on Monday. The stock’s 50 day simple moving average is $12.09 and its 200 day simple moving average is $12.04. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.05. Liberty Energy Inc. has a 1 year low of $9.50 and a 1 year high of $23.58. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 14.67 and a beta of 0.74.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Thursday, October 16th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The business had revenue of $947.40 million during the quarter, compared to the consensus estimate of $967.05 million. Liberty Energy had a return on equity of 1.69% and a net margin of 4.76%.Liberty Energy’s quarterly revenue was down 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 earnings per share. As a group, analysts predict that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a $0.09 dividend. The ex-dividend date is Thursday, December 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Liberty Energy’s previous quarterly dividend of $0.08. Liberty Energy’s dividend payout ratio is 28.57%.

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.