Y Intercept Hong Kong Ltd Purchases Shares of 250,564 Liberty Energy Inc. $LBRT

Y Intercept Hong Kong Ltd purchased a new stake in shares of Liberty Energy Inc. (NYSE:LBRT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 250,564 shares of the company’s stock, valued at approximately $2,876,000. Y Intercept Hong Kong Ltd owned approximately 0.15% of Liberty Energy as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Liberty Energy during the first quarter valued at approximately $50,000. Caitong International Asset Management Co. Ltd acquired a new position in Liberty Energy during the second quarter valued at approximately $48,000. GAMMA Investing LLC lifted its position in Liberty Energy by 281.1% during the second quarter. GAMMA Investing LLC now owns 4,329 shares of the company’s stock valued at $50,000 after buying an additional 3,193 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Liberty Energy by 45.3% during the first quarter. PNC Financial Services Group Inc. now owns 4,465 shares of the company’s stock valued at $71,000 after buying an additional 1,392 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. acquired a new position in Liberty Energy during the first quarter valued at approximately $161,000. 98.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on LBRT. Citigroup raised shares of Liberty Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $12.00 to $21.00 in a research report on Tuesday, October 21st. Weiss Ratings cut shares of Liberty Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Piper Sandler set a $16.00 target price on shares of Liberty Energy and gave the stock a “neutral” rating in a research report on Monday, October 20th. Wall Street Zen cut shares of Liberty Energy from a “hold” rating to a “sell” rating in a research report on Sunday, October 19th. Finally, Stifel Nicolaus reduced their target price on shares of Liberty Energy from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, July 28th. Two investment 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.10.

Liberty Energy Trading Down 1.3%

LBRT opened at $18.69 on Friday. The stock has a market capitalization of $3.03 billion, a PE ratio of 16.69 and a beta of 0.74. The firm’s fifty day moving average price is $12.66 and its 200 day moving average price is $12.22. 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 12-month low of $9.50 and a 12-month high of $23.58.

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

Liberty Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a $0.09 dividend. This is a boost from Liberty Energy’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, December 4th. Liberty Energy’s dividend payout ratio is currently 28.57%.

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.