Liberty Energy Inc. (NYSE:LBRT) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lessened its stake in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 560,124 shares of the company's stock after selling 25,716 shares during the quarter. Brandywine Global Investment Management LLC owned 0.34% of Liberty Energy worth $11,141,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. CIBC Private Wealth Group LLC lifted its position in Liberty Energy by 257.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company's stock worth $47,000 after acquiring an additional 1,583 shares in the last quarter. Schroder Investment Management Group purchased a new stake in shares of Liberty Energy during the fourth quarter valued at approximately $418,000. New Age Alpha Advisors LLC acquired a new position in shares of Liberty Energy during the fourth quarter worth $195,000. Norges Bank purchased a new position in shares of Liberty Energy in the fourth quarter valued at $8,140,000. Finally, EntryPoint Capital LLC acquired a new stake in Liberty Energy during the 4th quarter valued at $492,000. Hedge funds and other institutional investors own 98.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Royal Bank of Canada lowered shares of Liberty Energy from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from $24.00 to $19.00 in a report on Monday, March 24th. The Goldman Sachs Group initiated coverage on Liberty Energy in a research note on Friday, December 13th. They issued a "neutral" rating and a $19.00 price target on the stock. Stifel Nicolaus raised their price objective on Liberty Energy from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Morgan Stanley raised Liberty Energy from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $20.00 to $25.00 in a research report on Thursday, March 27th. Finally, TD Cowen reduced their target price on Liberty Energy from $18.00 to $16.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.90.

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Liberty Energy Stock Performance

Shares of NYSE:LBRT traded down $2.14 on Friday, reaching $10.98. 5,848,973 shares of the company's stock were exchanged, compared to its average volume of 2,648,969. The business's 50-day moving average is $16.47 and its two-hundred day moving average is $18.32. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. Liberty Energy Inc. has a fifty-two week low of $10.91 and a fifty-two week high of $24.75. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 5.87 and a beta of 1.18.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.06). Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. As a group, equities research analysts forecast that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Thursday, March 6th. Liberty Energy's dividend payout ratio (DPR) is 17.11%.

Insider Activity at Liberty Energy

In related news, CFO Michael Stock sold 10,000 shares of Liberty Energy stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.94, for a total value of $179,400.00. Following the sale, the chief financial officer now directly owns 717,292 shares in the company, valued at $12,868,218.48. This trade represents a 1.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.90% of the company's stock.

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.