19,732 Shares in Liberty Energy Inc. (NYSE:LBRT) Purchased by Verity Asset Management Inc.

Verity Asset Management Inc. bought a new stake in shares of Liberty Energy Inc. (NYSE:LBRT) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 19,732 shares of the company’s stock, valued at approximately $377,000.

A number of other large investors also recently made changes to their positions in LBRT. EdgeRock Capital LLC acquired a new stake in shares of Liberty Energy during the 2nd quarter valued at $32,000. GAMMA Investing LLC boosted its position in Liberty Energy by 69.2% during the second quarter. GAMMA Investing LLC now owns 1,743 shares of the company’s stock valued at $36,000 after purchasing an additional 713 shares during the last quarter. nVerses Capital LLC grew its stake in Liberty Energy by 45.0% in the second quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock valued at $61,000 after purchasing an additional 900 shares in the last quarter. US Bancorp DE grew its stake in Liberty Energy by 93.2% in the third quarter. US Bancorp DE now owns 4,180 shares of the company’s stock valued at $80,000 after purchasing an additional 2,016 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Liberty Energy by 43.3% during the 2nd quarter. CWM LLC now owns 6,213 shares of the company’s stock worth $130,000 after purchasing an additional 1,876 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Insider Activity at Liberty Energy

In other Liberty Energy news, CEO Christopher A. Wright sold 2,037 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $18.15, for a total value of $36,971.55. Following the completion of the transaction, the chief executive officer now owns 2,578,813 shares of the company’s stock, valued at $46,805,455.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Liberty Energy news, CEO Christopher A. Wright sold 2,037 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $18.15, for a total value of $36,971.55. Following the sale, the chief executive officer now owns 2,578,813 shares of the company’s stock, valued at $46,805,455.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Michael Stock sold 5,000 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $21.01, for a total transaction of $105,050.00. Following the completion of the transaction, the chief financial officer now owns 745,207 shares of the company’s stock, valued at approximately $15,656,799.07. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,037 shares of company stock worth $1,911,802. Company insiders own 3.60% of the company’s stock.

Liberty Energy Price Performance

Shares of NYSE:LBRT opened at $17.68 on Friday. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 8.42 and a beta of 1.70. The business has a 50 day moving average price of $19.14 and a 200 day moving average price of $20.82. 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 twelve month low of $16.57 and a twelve month high of $24.75.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data on Wednesday, October 16th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.10). The company 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%. The company’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. Research analysts predict that Liberty Energy Inc. will post 1.75 earnings per share for the current year.

Liberty Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, December 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.81%. This is a positive change from Liberty Energy’s previous quarterly dividend of $0.07. Liberty Energy’s dividend payout ratio is currently 13.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LBRT. Stifel Nicolaus lowered their price target on Liberty Energy from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Bank of America cut their price target on shares of Liberty Energy from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. TD Cowen decreased their price objective on shares of Liberty Energy from $21.00 to $20.00 and set a “hold” rating for the company in a report on Friday, July 19th. Evercore ISI upgraded Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company reduced their price target on Liberty Energy from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 18th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $22.89.

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.