Barclays PLC Acquires 89,740 Shares of Liberty Energy Inc. (NYSE:LBRT)

Barclays PLC boosted its position in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 31.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 376,401 shares of the company's stock after buying an additional 89,740 shares during the quarter. Barclays PLC owned approximately 0.23% of Liberty Energy worth $7,487,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC lifted its stake in shares of Liberty Energy by 257.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company's stock valued at $47,000 after acquiring an additional 1,583 shares during the period. Blue Trust Inc. raised its holdings in 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 purchasing an additional 2,111 shares during the last quarter. Spire Wealth Management acquired a new position in Liberty Energy during the 4th quarter valued at about $60,000. Smartleaf Asset Management LLC boosted its stake in shares of Liberty Energy by 176.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company's stock valued at $67,000 after purchasing an additional 2,184 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Liberty Energy during the 4th quarter worth approximately $99,000. 98.22% of the stock is currently owned by institutional investors.

Liberty Energy Stock Up 0.1 %

Shares of Liberty Energy stock traded up $0.01 during trading on Friday, reaching $12.18. The stock had a trading volume of 1,879,402 shares, compared to its average volume of 2,743,966. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 6.51 and a beta of 1.18. The stock has a fifty day moving average price of $14.13 and a two-hundred day moving average price of $17.28. Liberty Energy Inc. has a 52 week low of $9.50 and a 52 week high of $24.75.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. The firm had revenue of $977.46 million for the quarter, compared to analysts' expectations of $960.64 million. During the same quarter in the previous year, the business posted $0.48 EPS. Sell-side analysts predict that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.32 annualized dividend and a yield of 2.63%. Liberty Energy's dividend payout ratio (DPR) is presently 21.19%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. TD Cowen increased their price objective on shares of Liberty Energy from $10.00 to $13.00 and gave the company a "hold" rating in a report on Monday, April 21st. The Goldman Sachs Group cut their price target on Liberty Energy from $19.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Morgan Stanley raised Liberty Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $20.00 to $25.00 in a research note on Thursday, March 27th. Stifel Nicolaus dropped their price objective on Liberty Energy from $23.00 to $22.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $11.00 target price (down from $20.00) on shares of Liberty Energy in a research report on Tuesday, April 8th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Liberty Energy currently has a consensus rating of "Moderate Buy" and an average target price of $18.05.

Insider Transactions at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the company's stock in a transaction on 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 approximately $12,868,218.48. This represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.90% of the company's stock.

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.