Mutual of America Capital Management LLC Purchases 107,795 Shares of Liberty Energy Inc. (NYSE:LBRT)

Mutual of America Capital Management LLC grew its stake in Liberty Energy Inc. (NYSE:LBRT) by 396.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 134,970 shares of the company’s stock after purchasing an additional 107,795 shares during the period. Mutual of America Capital Management LLC owned approximately 0.08% of Liberty Energy worth $2,448,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LBRT. Quarry LP lifted its stake in shares of Liberty Energy by 111.0% in the 2nd quarter. Quarry LP now owns 3,965 shares of the company’s stock valued at $53,000 after purchasing an additional 2,086 shares during the last quarter. CWM LLC lifted its stake in shares of Liberty Energy by 59.7% in the 3rd quarter. CWM LLC now owns 3,166 shares of the company’s stock valued at $59,000 after purchasing an additional 1,183 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Liberty Energy in the third quarter worth approximately $97,000. Tower Research Capital LLC TRC raised its holdings in shares of Liberty Energy by 42.7% in the third quarter. Tower Research Capital LLC TRC now owns 5,307 shares of the company’s stock worth $98,000 after buying an additional 1,589 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Liberty Energy in the second quarter worth approximately $125,000. 98.22% of the stock is owned by institutional investors.

Liberty Energy Stock Up 1.2 %

Shares of NYSE LBRT opened at $22.37 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $3.73 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 1.04 and a beta of 1.85. The stock’s fifty day simple moving average is $21.20 and its two-hundred day simple moving average is $19.68. Liberty Energy Inc. has a 12-month low of $11.62 and a 12-month high of $23.31.

Liberty Energy (NYSE:LBRT) last announced its earnings results on Thursday, April 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Liberty Energy had a net margin of 10.43% and a return on equity of 26.90%. The firm’s revenue was down 12.8% compared to the same quarter last year. During the same period last year, the business posted $0.90 EPS. As a group, analysts expect that Liberty Energy Inc. will post 2.64 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, June 5th. This represents a $0.28 annualized dividend and a yield of 1.25%. Liberty Energy’s dividend payout ratio (DPR) is presently 10.22%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. TD Cowen increased their price target on Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a report on Friday. Bank of America increased their price target on Liberty Energy from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Morgan Stanley increased their price target on Liberty Energy from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Piper Sandler increased their price target on Liberty Energy from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Finally, Barclays raised their price objective on Liberty Energy from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Liberty Energy presently has a consensus rating of “Moderate Buy” and an average target price of $24.30.

Insider Buying and Selling at Liberty Energy

In other Liberty Energy news, insider R Sean Elliott sold 20,000 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $20.50, for a total transaction of $410,000.00. Following the sale, the insider now owns 218,530 shares of the company’s stock, valued at approximately $4,479,865. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider R Sean Elliott sold 20,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $20.50, for a total value of $410,000.00. Following the completion of the sale, the insider now owns 218,530 shares of the company’s stock, valued at approximately $4,479,865. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Ryan T. Gosney sold 6,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $20.50, for a total value of $123,000.00. Following the completion of the sale, the chief accounting officer now directly owns 140,706 shares of the company’s stock, valued at approximately $2,884,473. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,459 shares of company stock valued at $2,077,491. 3.60% of the stock is currently owned by corporate insiders.

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.