EntryPoint Capital LLC Acquires Shares of 24,732 Liberty Energy Inc. (NYSE:LBRT)

EntryPoint Capital LLC bought a new position in shares of Liberty Energy Inc. (NYSE:LBRT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,732 shares of the company’s stock, valued at approximately $492,000.

Several other institutional investors and hedge funds have also made changes to their positions in LBRT. Natixis Advisors LLC increased its position in Liberty Energy by 17.8% during the third quarter. Natixis Advisors LLC now owns 24,662 shares of the company’s stock worth $471,000 after buying an additional 3,733 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Liberty Energy by 3.1% during the third quarter. Thrivent Financial for Lutherans now owns 129,833 shares of the company’s stock worth $2,479,000 after acquiring an additional 3,939 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Liberty Energy during the third quarter worth approximately $904,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Liberty Energy by 8.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,237,247 shares of the company’s stock valued at $42,709,000 after acquiring an additional 166,443 shares during the period. Finally, Citigroup Inc. raised its position in Liberty Energy by 95.5% in the 3rd quarter. Citigroup Inc. now owns 224,165 shares of the company’s stock valued at $4,279,000 after purchasing an additional 109,489 shares during the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LBRT. Wells Fargo & Company lowered their price objective on shares of Liberty Energy from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group began coverage on Liberty Energy in a report on Friday, December 13th. They set a “neutral” rating and a $19.00 price target on the stock. Atb Cap Markets raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Citigroup increased their price objective on Liberty Energy from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus boosted their target price on Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.80.

Insider Transactions at Liberty Energy

In other news, CFO Michael Stock sold 20,000 shares of Liberty Energy stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $20.82, for a total transaction of $416,400.00. Following the completion of the transaction, the chief financial officer now owns 680,207 shares of the company’s stock, valued at $14,161,909.74. The trade was a 2.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold 40,000 shares of company stock valued at $808,350 in the last quarter. 1.90% of the stock is currently owned by corporate insiders.

Liberty Energy Trading Up 3.0 %

NYSE:LBRT opened at $15.55 on Wednesday. Liberty Energy Inc. has a 1 year low of $13.86 and a 1 year high of $24.75. 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 stock has a fifty day moving average price of $17.82 and a two-hundred day moving average price of $18.57. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 8.32 and a beta of 1.58.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. As a group, sell-side analysts anticipate that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.06%. Liberty Energy’s payout ratio is 17.11%.

Liberty Energy 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.