GSA Capital Partners LLP Invests $619,000 in Liberty Energy Inc. (NYSE:LBRT)

GSA Capital Partners LLP purchased a new stake in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 32,417 shares of the company's stock, valued at approximately $619,000.

Other institutional investors also recently bought and sold shares of the company. Entropy Technologies LP boosted its position in shares of Liberty Energy by 39.7% in the 3rd quarter. Entropy Technologies LP now owns 77,800 shares of the company's stock worth $1,485,000 after purchasing an additional 22,090 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Liberty Energy by 20.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 94,953 shares of the company's stock worth $1,813,000 after acquiring an additional 15,810 shares in the last quarter. Covestor Ltd grew its stake in shares of Liberty Energy by 96.8% in the third quarter. Covestor Ltd now owns 1,704 shares of the company's stock worth $33,000 after acquiring an additional 838 shares during the last quarter. CWA Asset Management Group LLC bought a new position in shares of Liberty Energy during the third quarter valued at $454,000. Finally, Verity Asset Management Inc. purchased a new position in Liberty Energy in the 3rd quarter worth approximately $377,000. 98.22% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Liberty Energy news, CEO Christopher A. Wright sold 2,037 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $18.15, for a total value of $36,971.55. Following the transaction, the chief executive officer now directly owns 2,578,813 shares in the company, valued at $46,805,455.95. This represents a 0.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Stock sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $20.01, for a total value of $300,150.00. Following the completion of the sale, the chief financial officer now owns 750,207 shares of the company's stock, valued at $15,011,642.07. The trade was a 1.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,037 shares of company stock valued at $1,911,802 over the last 90 days. Insiders own 3.70% of the company's stock.

Liberty Energy Price Performance

LBRT stock traded down $0.37 during trading on Tuesday, reaching $17.35. The company's stock had a trading volume of 2,505,516 shares, compared to its average volume of 2,528,172. The company's fifty day moving average is $18.93 and its 200-day moving average is $20.63. Liberty Energy Inc. has a 1 year low of $16.57 and a 1 year high of $24.75. The company has a market capitalization of $2.84 billion, a P/E ratio of 8.44 and a beta of 1.70. 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 (NYSE:LBRT - Get Free Report) last issued 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). Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%. The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same period last year, the company earned $0.85 earnings per share. The firm's revenue was down 6.4% on a year-over-year basis. On average, research analysts expect that Liberty Energy Inc. will post 1.75 earnings per share for the current fiscal year.

Liberty Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.08 dividend. This is a positive change from Liberty Energy's previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Friday, December 6th. Liberty Energy's dividend payout ratio is 13.33%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LBRT. Atb Cap Markets cut shares of Liberty Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. Citigroup cut Liberty Energy from a "buy" rating to a "neutral" rating and lowered their price target for the company from $25.00 to $19.00 in a report on Friday, October 18th. Royal Bank of Canada cut their price objective on Liberty Energy from $26.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, October 18th. Stifel Nicolaus lowered their target price on Liberty Energy from $26.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, October 18th. Finally, Wells Fargo & Company cut their price target on Liberty Energy from $25.00 to $24.00 and set an "overweight" rating for the company in a research note on Friday, October 18th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $22.89.

Liberty Energy Company 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.