American Century Companies Inc. Purchases 505,634 Shares of Liberty Energy Inc. (NYSE:LBRT)

American Century Companies Inc. lifted its position in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,178,089 shares of the company's stock after acquiring an additional 505,634 shares during the quarter. American Century Companies Inc. owned approximately 3.17% of Liberty Energy worth $102,992,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LBRT. Quarry LP raised its holdings in Liberty Energy by 237.5% during the 3rd quarter. Quarry LP now owns 1,991 shares of the company's stock worth $38,000 after purchasing an additional 1,401 shares during the last quarter. Blue Trust Inc. grew 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 worth $47,000 after buying an additional 2,111 shares during the period. Spire Wealth Management acquired a new position in Liberty Energy in the fourth quarter valued at approximately $60,000. Smartleaf Asset Management LLC lifted its holdings in Liberty Energy by 176.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company's stock valued at $67,000 after buying an additional 2,184 shares during the period. Finally, Lee Danner & Bass Inc. bought a new position in Liberty Energy in the fourth quarter valued at approximately $99,000. Institutional investors and hedge funds own 98.22% of the company's stock.

Insiders Place Their Bets

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.94, for a total transaction of $179,400.00. Following the sale, the chief financial officer now directly owns 717,292 shares of the company's stock, valued at $12,868,218.48. The trade was a 1.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 40,000 shares of company stock valued at $808,350 in the last quarter. 1.90% of the stock is currently owned by insiders.

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Analyst Ratings Changes

A number of research firms have recently weighed in on LBRT. TD Cowen cut their price target on Liberty Energy from $18.00 to $16.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus increased their target price on Liberty Energy from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Seaport Res Ptn upgraded Liberty Energy from a "hold" rating to a "strong-buy" rating in a research report on Sunday, January 5th. Citigroup upped their price target on Liberty Energy from $19.00 to $22.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Finally, Morgan Stanley upgraded shares of Liberty Energy from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $20.00 to $25.00 in a report on Thursday. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $21.90.

Liberty Energy Stock Down 2.7 %

Shares of Liberty Energy stock traded down $0.44 on Friday, hitting $15.78. The company had a trading volume of 1,933,126 shares, compared to its average volume of 2,643,304. Liberty Energy Inc. has a twelve month low of $13.86 and a twelve month high of $24.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97. The stock has a 50-day moving average of $17.28 and a 200-day moving average of $18.49. The firm has a market capitalization of $2.55 billion, a P/E ratio of 8.44 and a beta of 1.58.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its 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 predict that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.03%. The ex-dividend date was Thursday, March 6th. Liberty Energy's payout ratio is 17.11%.

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.