Charles Schwab Investment Management Inc. Acquires 196,619 Shares of Liberty Energy Inc. (NYSE:LBRT)

Charles Schwab Investment Management Inc. increased its position in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,433,866 shares of the company's stock after buying an additional 196,619 shares during the period. Charles Schwab Investment Management Inc. owned 1.49% of Liberty Energy worth $48,410,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. FMR LLC increased its stake in Liberty Energy by 17.1% in the third quarter. FMR LLC now owns 18,115,282 shares of the company's stock valued at $345,821,000 after purchasing an additional 2,640,119 shares in the last quarter. Pacer Advisors Inc. increased its stake in Liberty Energy by 15.9% in the third quarter. Pacer Advisors Inc. now owns 7,012,382 shares of the company's stock valued at $133,866,000 after purchasing an additional 963,068 shares in the last quarter. State Street Corp increased its stake in Liberty Energy by 2.7% in the third quarter. State Street Corp now owns 6,662,830 shares of the company's stock valued at $127,193,000 after purchasing an additional 176,887 shares in the last quarter. Geode Capital Management LLC increased its stake in Liberty Energy by 5.8% in the third quarter. Geode Capital Management LLC now owns 3,779,906 shares of the company's stock valued at $72,173,000 after purchasing an additional 207,527 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Liberty Energy by 61.2% in the third quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company's stock valued at $60,061,000 after purchasing an additional 1,193,918 shares in the last quarter. Institutional investors own 98.22% of the company's stock.

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Liberty Energy Stock Performance

Shares of NYSE LBRT traded up $0.07 during midday trading on Tuesday, reaching $14.62. The company's stock had a trading volume of 1,824,004 shares, compared to its average volume of 2,516,231. Liberty Energy Inc. has a 12-month low of $13.86 and a 12-month high of $24.75. The firm has a 50 day moving average price of $18.62 and a 200-day moving average price of $18.80. The stock has a market capitalization of $2.37 billion, a P/E ratio of 7.82 and a beta of 1.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97.

Liberty Energy (NYSE:LBRT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 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%. As a group, equities analysts predict that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.08 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.19%. Liberty Energy's dividend payout ratio (DPR) is presently 17.11%.

Insider Buying and Selling

In other Liberty Energy news, CFO Michael Stock sold 20,000 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $20.82, for a total transaction of $416,400.00. Following the sale, the chief financial officer now owns 680,207 shares of the company's stock, valued at $14,161,909.74. The trade was a 2.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 40,000 shares of company stock valued at $808,350. 1.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LBRT shares. Royal Bank of Canada decreased their price target on shares of Liberty Energy from $26.00 to $24.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Citigroup lifted 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. Atb Cap Markets upgraded Liberty Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Stifel Nicolaus lifted their price target on Liberty Energy from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group assumed coverage on Liberty Energy in a research note on Friday, December 13th. They set a "neutral" rating and a $19.00 price target for the company. Five analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $22.30.

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.