Palogic Value Management L.P. Buys New Holdings in Liberty Energy Inc. (NYSE:LBRT)

Palogic Value Management L.P. bought a new position in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 75,000 shares of the company's stock, valued at approximately $1,492,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LBRT. Quarry LP lifted its holdings in Liberty Energy by 237.5% during the third quarter. Quarry LP now owns 1,991 shares of the company's stock worth $38,000 after acquiring an additional 1,401 shares during the period. Blue Trust Inc. increased its position in shares of Liberty Energy by 604.9% during the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the company's stock valued at $47,000 after purchasing an additional 2,111 shares during the last quarter. Spire Wealth Management bought a new stake in shares of Liberty Energy during the 4th quarter worth $60,000. Smartleaf Asset Management LLC boosted its holdings in shares of Liberty Energy by 176.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company's stock worth $67,000 after buying an additional 2,184 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Liberty Energy by 24.8% in the 3rd quarter. KBC Group NV now owns 4,906 shares of the company's stock worth $94,000 after buying an additional 974 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Liberty Energy Price Performance

LBRT traded up $0.45 during trading on Tuesday, reaching $15.55. 2,638,300 shares of the company were exchanged, compared to its average volume of 2,551,109. Liberty Energy Inc. has a 12-month low of $13.86 and a 12-month high of $24.75. The company's 50-day moving average is $17.82 and its two-hundred day moving average is $18.57. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 8.32 and a beta of 1.58.

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Liberty Energy (NYSE:LBRT - Get Free Report) 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 return on equity of 14.28% and a net margin of 7.32%. Research analysts forecast that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Thursday, March 6th. Liberty Energy's payout ratio is 17.11%.

Insider Activity

In other news, CFO Michael Stock sold 10,000 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.94, for a total transaction of $179,400.00. Following the completion of the transaction, the chief financial officer now owns 717,292 shares of the company's stock, valued at approximately $12,868,218.48. The trade was a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 40,000 shares of company stock worth $808,350 in the last three months. Corporate insiders own 1.90% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on LBRT shares. Stifel Nicolaus lifted their price objective on shares of Liberty Energy from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Atb Cap Markets raised shares of Liberty Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. Seaport Res Ptn upgraded Liberty Energy from a "hold" rating to a "strong-buy" rating in a research note on Sunday, January 5th. Citigroup raised their target price 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, The Goldman Sachs Group began coverage on Liberty Energy in a research report on Friday, December 13th. They set a "neutral" rating and a $19.00 price target on the stock. Six 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $21.80.

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.