Walleye Capital LLC Buys New Shares in Liberty Energy Inc. (NYSE:LBRT)

Walleye Capital LLC bought a new stake in shares of Liberty Energy Inc. (NYSE:LBRTGet Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 51,904 shares of the company’s stock, valued at approximately $769,000.

Other hedge funds have also made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new stake in shares of Liberty Energy in the 4th quarter valued at approximately $26,000. Advisor Group Holdings Inc. lifted its position in shares of Liberty Energy by 5,231.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 10,663 shares of the company’s stock valued at $104,000 after acquiring an additional 10,463 shares in the last quarter. Seven Eight Capital LP purchased a new stake in shares of Liberty Energy in the 1st quarter valued at approximately $193,000. GSA Capital Partners LLP purchased a new stake in shares of Liberty Energy in the 1st quarter valued at approximately $196,000. Finally, Walleye Trading LLC purchased a new stake in shares of Liberty Energy in the 1st quarter valued at approximately $244,000. Hedge funds and other institutional investors own 94.31% of the company’s stock.

Insider Transactions at Liberty Energy

In other news, President Ron Gusek sold 10,000 shares of the stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $15.43, for a total transaction of $154,300.00. Following the transaction, the president now owns 1,187,189 shares in the company, valued at approximately $18,318,326.27. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, President Ron Gusek sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $15.43, for a total value of $154,300.00. Following the transaction, the president now directly owns 1,187,189 shares in the company, valued at approximately $18,318,326.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher A. Wright sold 40,000 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $15.21, for a total transaction of $608,400.00. Following the completion of the transaction, the chief executive officer now owns 3,388,115 shares in the company, valued at $51,533,229.15. The disclosure for this sale can be found here. Insiders have sold a total of 89,900 shares of company stock worth $1,384,061 in the last 90 days. 3.40% of the stock is owned by insiders.

Liberty Energy Stock Performance

Shares of LBRT opened at $13.07 on Wednesday. The company’s fifty day moving average is $13.94 and its 200-day moving average is $14.70. Liberty Energy Inc. has a 12 month low of $8.50 and a 12 month high of $20.05. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of -1,307.00 and a beta of 2.26. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.20.

Liberty Energy (NYSE:LBRTGet Rating) last announced its quarterly earnings results on Monday, July 25th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.18 by $0.37. Liberty Energy had a net margin of 0.17% and a return on equity of 0.62%. The company had revenue of $942.62 million for the quarter, compared to analyst estimates of $870.62 million. During the same quarter in the prior year, the business posted ($0.29) EPS. Liberty Energy’s quarterly revenue was up 62.2% on a year-over-year basis. Equities analysts expect that Liberty Energy Inc. will post 1.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on LBRT. Wells Fargo & Company reduced their price target on shares of Liberty Energy to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. Capital One Financial upped their price target on shares of Liberty Energy to $23.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. Morgan Stanley dropped their price objective on shares of Liberty Energy from $23.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 13th. The Goldman Sachs Group upped their price objective on shares of Liberty Energy from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday, August 23rd. Finally, Citigroup upped their price objective on shares of Liberty Energy from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, July 6th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Liberty Energy currently has an average rating of “Moderate Buy” and a consensus target price of $20.22.

About Liberty Energy

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Liberty Energy Inc provides hydraulic fracturing and wireline services, and related goods to onshore oil and natural gas exploration and production companies in North America. It also offers hydraulic fracturing pressure pumping services, including pressure pumping and pumpdown perforating services, as well wireline services, proppant delivery solutions, data analytics, related goods and technologies.

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Institutional Ownership by Quarter for Liberty Energy (NYSE:LBRT)

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