Syon Capital LLC Purchases Shares of 11,541 Liberty Energy Inc. (NYSE:LBRT)

Syon Capital LLC acquired a new position in shares of Liberty Energy Inc. (NYSE:LBRT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,541 shares of the company’s stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LBRT. Barclays PLC boosted its stake in Liberty Energy by 197.9% in the 3rd quarter. Barclays PLC now owns 286,661 shares of the company’s stock valued at $5,471,000 after buying an additional 190,445 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Liberty Energy in the 3rd quarter valued at $403,000. Tidal Investments LLC grew its holdings in shares of Liberty Energy by 14.6% in the 3rd quarter. Tidal Investments LLC now owns 14,299 shares of the company’s stock worth $273,000 after purchasing an additional 1,817 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Liberty Energy by 2.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,631,360 shares of the company’s stock worth $53,706,000 after purchasing an additional 61,909 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Liberty Energy by 4.5% during the 3rd quarter. Principal Financial Group Inc. now owns 872,215 shares of the company’s stock valued at $16,651,000 after purchasing an additional 37,927 shares during the last quarter. 98.22% of the stock is owned by institutional investors.

Insider Activity at Liberty Energy

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

Liberty Energy Price Performance

LBRT opened at $12.18 on Friday. The company has a fifty day moving average price of $14.13 and a two-hundred day moving average price of $17.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.27. The firm has a market capitalization of $1.97 billion, a PE ratio of 6.51 and a beta of 1.18. Liberty Energy Inc. has a 52 week low of $9.50 and a 52 week high of $24.75.

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

Liberty Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.63%. The ex-dividend date is Friday, June 6th. Liberty Energy’s payout ratio is 21.19%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Morgan Stanley raised shares of Liberty Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $20.00 to $25.00 in a research note on Thursday, March 27th. Royal Bank of Canada cut Liberty Energy from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $24.00 to $19.00 in a report on Monday, March 24th. Cowen restated a “hold” rating on shares of Liberty Energy in a report on Monday, April 21st. Barclays cut their price target on Liberty Energy from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus decreased their price objective on shares of Liberty Energy from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Liberty Energy presently has an average rating of “Moderate Buy” and an average target price of $18.05.

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.