Segall Bryant & Hamill LLC Invests $1.21 Million in Liberty Energy Inc. (NYSE:LBRT)

Segall Bryant & Hamill LLC acquired a new position in Liberty Energy Inc. (NYSE:LBRT) during the third quarter, HoldingsChannel reports. The firm acquired 63,608 shares of the company’s stock, valued at approximately $1,214,000.

A number of other large investors also recently modified their holdings of LBRT. EdgeRock Capital LLC purchased a new position in shares of Liberty Energy in the 2nd quarter worth about $32,000. Covestor Ltd raised its holdings in shares of Liberty Energy by 96.8% during the 3rd quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after buying an additional 838 shares during the period. GAMMA Investing LLC raised its holdings in shares of Liberty Energy by 69.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,743 shares of the company’s stock valued at $36,000 after buying an additional 713 shares during the period. nVerses Capital LLC raised its holdings in shares of Liberty Energy by 45.0% during the 2nd quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock valued at $61,000 after buying an additional 900 shares during the period. Finally, US Bancorp DE raised its holdings in shares of Liberty Energy by 93.2% during the 3rd quarter. US Bancorp DE now owns 4,180 shares of the company’s stock valued at $80,000 after buying an additional 2,016 shares during the period. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Liberty Energy

In related news, CEO Christopher A. Wright sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $19.91, for a total transaction of $398,200.00. Following the completion of the transaction, the chief executive officer now owns 2,678,813 shares in the company, valued at $53,335,166.83. The trade was a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael Stock sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $17.21, for a total value of $86,050.00. Following the transaction, the chief financial officer now owns 725,207 shares of the company’s stock, valued at $12,480,812.47. This represents a 0.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,037 shares of company stock worth $1,911,802. 3.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on LBRT. Evercore ISI upgraded Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. Citigroup downgraded Liberty Energy from a “buy” rating to a “neutral” rating and dropped their target price for the company from $25.00 to $19.00 in a report on Friday, October 18th. Barclays dropped their target price on Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Atb Cap Markets downgraded Liberty Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Stifel Nicolaus dropped their price objective on Liberty Energy from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Liberty Energy has a consensus rating of “Moderate Buy” and an average price target of $22.89.

Liberty Energy Price Performance

LBRT stock opened at $18.99 on Friday. The company has a market capitalization of $3.10 billion, a PE ratio of 9.04 and a beta of 1.70. The stock’s 50 day moving average is $18.82 and its two-hundred day moving average is $20.51. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. Liberty Energy Inc. has a 52-week low of $16.57 and a 52-week high of $24.75.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, October 16th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.10). The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%. Liberty Energy’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. Analysts predict that Liberty Energy Inc. will post 1.75 earnings per share for the current fiscal year.

Liberty Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.08 dividend. This is a positive change from Liberty Energy’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.32 annualized dividend and a dividend yield of 1.69%. Liberty Energy’s dividend payout ratio (DPR) is presently 13.33%.

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.