Syon Capital LLC Acquires New Stake in Liberty Energy Inc. (NYSE:LBRT)

Syon Capital LLC bought a new position in shares of Liberty Energy Inc. (NYSE:LBRT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 11,541 shares of the company’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in Liberty Energy by 604.9% during the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the company’s stock worth $47,000 after purchasing an additional 2,111 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Liberty Energy by 257.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company’s stock worth $47,000 after buying an additional 1,583 shares during the last quarter. Spire Wealth Management acquired a new position in shares of Liberty Energy during the 4th quarter worth about $60,000. Smartleaf Asset Management LLC grew its holdings in shares of Liberty Energy by 176.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company’s stock valued at $67,000 after acquiring an additional 2,184 shares in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Liberty Energy in the fourth quarter valued at about $99,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LBRT. Cowen reissued a “hold” rating on shares of Liberty Energy in a research report on Monday, April 21st. The Goldman Sachs Group decreased their target price on shares of Liberty Energy from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Morgan Stanley raised shares of Liberty Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $20.00 to $25.00 in a research report on Thursday, March 27th. TD Cowen lifted their price objective on shares of Liberty Energy from $10.00 to $13.00 and gave the company a “hold” rating in a research report on Monday, April 21st. Finally, Seaport Res Ptn raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Liberty Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.05.

Liberty Energy Stock Up 0.1 %

NYSE LBRT opened at $12.18 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 6.51 and a beta of 1.18. The company has a 50 day moving average of $14.13 and a 200-day moving average of $17.28. Liberty Energy Inc. has a 1-year low of $9.50 and a 1-year high of $24.75.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. The firm had revenue of $977.46 million for the quarter, compared to the consensus estimate of $960.64 million. During the same period in the prior year, the company posted $0.48 earnings per share. On average, equities research analysts expect that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, June 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.63%. Liberty Energy’s dividend payout ratio (DPR) is currently 21.19%.

Insider Buying and Selling

In other news, CFO Michael Stock sold 10,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.94, for a total value of $179,400.00. Following the completion of the transaction, the chief financial officer now owns 717,292 shares of the company’s stock, valued at approximately $12,868,218.48. This represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by corporate insiders.

About Liberty Energy

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.