XTX Topco Ltd Takes Position in Liberty Energy Inc. (NYSE:LBRT)

XTX Topco Ltd acquired a new position in shares of Liberty Energy Inc. (NYSE:LBRT) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 21,321 shares of the company’s stock, valued at approximately $407,000.

A number of other hedge funds have also recently added to or reduced their stakes in LBRT. FMR LLC raised its holdings in shares of Liberty Energy by 17.1% during the third quarter. FMR LLC now owns 18,115,282 shares of the company’s stock worth $345,821,000 after purchasing an additional 2,640,119 shares during the period. Pacer Advisors Inc. raised its stake in Liberty Energy by 15.9% during the third quarter. Pacer Advisors Inc. now owns 7,012,382 shares of the company’s stock worth $133,866,000 after acquiring an additional 963,068 shares during the period. State Street Corp lifted its holdings in Liberty Energy by 2.7% in the third quarter. State Street Corp now owns 6,662,830 shares of the company’s stock worth $127,193,000 after acquiring an additional 176,887 shares during the last quarter. Canoe Financial LP lifted its holdings in Liberty Energy by 20.4% in the third quarter. Canoe Financial LP now owns 4,124,695 shares of the company’s stock worth $79,408,000 after acquiring an additional 699,500 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Liberty Energy by 17.6% in the second quarter. American Century Companies Inc. now owns 3,961,415 shares of the company’s stock valued at $82,754,000 after acquiring an additional 594,051 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Wall Street Analyst Weigh In

LBRT has been the topic of several recent research reports. Evercore ISI raised Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. Stifel Nicolaus cut their target price on Liberty Energy from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. Atb Cap Markets upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group initiated coverage on shares of Liberty Energy in a research note on Friday. They set a “neutral” rating and a $19.00 target price for the company. Finally, Citigroup lowered shares of Liberty Energy from a “buy” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $19.00 in a research note on Friday, October 18th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.50.

Insider Transactions at Liberty Energy

In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of Liberty Energy stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $19.77, for a total value of $395,400.00. Following the transaction, the chief executive officer now owns 2,638,813 shares in the company, valued at approximately $52,169,333.01. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Stock sold 15,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $19.23, for a total value of $288,450.00. Following the sale, the chief financial officer now owns 730,207 shares of the company’s stock, valued at $14,041,880.61. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,973 shares of company stock valued at $1,746,285 in the last quarter. Insiders own 3.60% of the company’s stock.

Liberty Energy Price Performance

Shares of NYSE:LBRT opened at $18.97 on Monday. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 9.03 and a beta of 1.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.97. Liberty Energy Inc. has a 12 month low of $16.57 and a 12 month high of $24.75. The stock’s 50 day moving average price is $18.30 and its 200 day moving average price is $19.98.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings data on Wednesday, October 16th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the firm posted $0.85 EPS. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. Equities research analysts anticipate that Liberty Energy Inc. will post 1.72 earnings per share for the current fiscal year.

Liberty Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.08 per share. This is a positive change from Liberty Energy’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.32 annualized dividend and a dividend yield of 1.69%. Liberty Energy’s dividend payout ratio (DPR) is 15.24%.

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.