Barclays PLC Purchases 190,445 Shares of Liberty Energy Inc. (NYSE:LBRT)

Barclays PLC boosted its position in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 197.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 286,661 shares of the company's stock after buying an additional 190,445 shares during the quarter. Barclays PLC owned 0.18% of Liberty Energy worth $5,471,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Creative Planning grew its stake in shares of Liberty Energy by 3.7% in the 3rd quarter. Creative Planning now owns 19,456 shares of the company's stock worth $371,000 after purchasing an additional 703 shares during the last quarter. Andina Capital Management LLC boosted its holdings in Liberty Energy by 4.4% during the third quarter. Andina Capital Management LLC now owns 19,413 shares of the company's stock worth $371,000 after buying an additional 814 shares in the last quarter. Covestor Ltd grew its position in 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 buying an additional 838 shares during the last quarter. nVerses Capital LLC increased its holdings in shares of Liberty Energy by 45.0% in the second quarter. nVerses Capital LLC now owns 2,900 shares of the company's stock valued at $61,000 after buying an additional 900 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Liberty Energy by 24.8% during the 3rd quarter. KBC Group NV now owns 4,906 shares of the company's stock valued at $94,000 after acquiring an additional 974 shares during the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of the business's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $19.77, for a total value of $395,400.00. Following the completion of the sale, the chief executive officer now owns 2,638,813 shares of the company's stock, valued at $52,169,333.01. The trade was a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Stock sold 15,000 shares of the company's stock in a transaction dated Tuesday, October 1st. The stock was 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 approximately $14,041,880.61. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,973 shares of company stock worth $1,641,235. Insiders own 3.60% of the company's stock.

Liberty Energy Stock Down 0.5 %

Shares of NYSE:LBRT traded down $0.10 during trading on Friday, reaching $18.17. 7,394,733 shares of the company traded hands, compared to its average volume of 2,572,177. The firm has a fifty day simple moving average of $18.11 and a 200 day simple moving average of $19.84. 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 Inc. has a 1-year low of $16.57 and a 1-year high of $24.75. The firm has a market cap of $2.97 billion, a P/E ratio of 8.65 and a beta of 1.71.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.10). Liberty Energy had a net margin of 8.02% and a return on equity of 18.50%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business posted $0.85 EPS. Liberty Energy's revenue for the quarter was down 6.4% on a year-over-year basis. Analysts anticipate that Liberty Energy Inc. will post 1.72 earnings per share for the current fiscal year.

Liberty Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.08 dividend. This is a boost from Liberty Energy's previous quarterly dividend of $0.07. The ex-dividend date was Friday, December 6th. This represents a $0.32 annualized dividend and a dividend yield of 1.76%. Liberty Energy's payout ratio is presently 15.24%.

Analyst Ratings Changes

A number of brokerages recently issued reports on LBRT. Wells Fargo & Company decreased their target price on Liberty Energy from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Friday, October 18th. Evercore ISI raised Liberty Energy to a "strong-buy" rating in a research note on Thursday, October 17th. Royal Bank of Canada reduced their price objective on shares of Liberty Energy from $26.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, October 18th. Citigroup downgraded shares of Liberty Energy from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $25.00 to $19.00 in a research report on Friday, October 18th. Finally, Barclays reduced their price target on shares of Liberty Energy from $26.00 to $24.00 and set an "overweight" rating for the company in a research report on Wednesday, October 16th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $22.50.

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.