Penn Capital Management Company LLC Takes $5.37 Million Position in Liberty Energy Inc. (NYSE:LBRT)

Penn Capital Management Company LLC bought a new position in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 269,809 shares of the company's stock, valued at approximately $5,367,000. Penn Capital Management Company LLC owned about 0.17% of Liberty Energy at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LBRT. American Century Companies Inc. lifted its stake in Liberty Energy by 10.8% during the 4th quarter. American Century Companies Inc. now owns 5,178,089 shares of the company's stock valued at $102,992,000 after acquiring an additional 505,634 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Liberty Energy by 83.5% in the 4th quarter. Franklin Resources Inc. now owns 4,828,712 shares of the company's stock worth $96,043,000 after buying an additional 2,197,352 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Liberty Energy by 61.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company's stock worth $60,061,000 after buying an additional 1,193,918 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Liberty Energy by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,433,866 shares of the company's stock worth $48,410,000 after buying an additional 196,619 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Liberty Energy by 8.1% in the fourth quarter. Van ECK Associates Corp now owns 2,082,239 shares of the company's stock worth $41,416,000 after acquiring an additional 156,006 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

Liberty Energy Price Performance

LBRT stock traded up $0.11 during mid-day trading on Monday, reaching $12.28. 2,088,135 shares of the company's stock were exchanged, compared to its average volume of 3,552,263. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97. Liberty Energy Inc. has a 12-month low of $9.50 and a 12-month high of $24.75. The stock's 50 day moving average is $14.13 and its 200 day moving average is $17.26. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 6.57 and a beta of 1.18.

Liberty Energy (NYSE:LBRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. The firm had revenue of $977.46 million for the quarter, compared to the consensus estimate of $960.64 million. During the same period last year, the firm posted $0.48 earnings per share. On average, research analysts expect that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.32 annualized dividend and a yield of 2.61%. Liberty Energy's dividend payout ratio (DPR) is currently 21.19%.

Insider Buying and Selling at Liberty Energy

In other news, CFO Michael Stock sold 10,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.94, for a total transaction of $179,400.00. Following the sale, the chief financial officer now owns 717,292 shares of the company's stock, valued at approximately $12,868,218.48. This represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LBRT has been the subject of several analyst reports. Cowen reaffirmed a "hold" rating on shares of Liberty Energy in a report on Monday, April 21st. Citigroup dropped their price objective on Liberty Energy from $16.00 to $13.50 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Seaport Res Ptn upgraded shares of Liberty Energy from a "hold" rating to a "strong-buy" rating in a research report on Sunday, January 5th. Wells Fargo & Company reissued an "equal weight" rating and issued a $11.00 price target (down previously from $20.00) on shares of Liberty Energy in a report on Tuesday, April 8th. Finally, TD Cowen increased their price objective on Liberty Energy from $10.00 to $13.00 and gave the company a "hold" rating in a research report on Monday, April 21st. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Liberty Energy currently has an average rating of "Moderate Buy" and an average price target of $18.05.

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.