24,732 Shares in Liberty Energy Inc. (NYSE:LBRT) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC acquired a new position in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 24,732 shares of the company's stock, valued at approximately $492,000.

Several other large investors also recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in Liberty Energy by 61.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company's stock worth $60,061,000 after acquiring an additional 1,193,918 shares in the last quarter. Impala Asset Management LLC raised its stake in shares of Liberty Energy by 89.2% during the third quarter. Impala Asset Management LLC now owns 350,000 shares of the company's stock valued at $6,682,000 after purchasing an additional 165,000 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Liberty Energy by 8.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,237,247 shares of the company's stock worth $42,709,000 after purchasing an additional 166,443 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of Liberty Energy in the fourth quarter valued at $498,000. Finally, Intech Investment Management LLC acquired a new stake in Liberty Energy during the 3rd quarter valued at $904,000. Institutional investors and hedge funds own 98.22% of the company's stock.

Analyst Upgrades and Downgrades

LBRT has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price on Liberty Energy from $24.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Morgan Stanley upgraded 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 report on Thursday. Stifel Nicolaus upped their target price on Liberty Energy from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Seaport Res Ptn raised shares of Liberty Energy from a "hold" rating to a "strong-buy" rating in a research report on Sunday, January 5th. Finally, Citigroup lifted their price target on shares of Liberty Energy from $19.00 to $22.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Liberty Energy currently has an average rating of "Moderate Buy" and an average target price of $21.90.

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Liberty Energy Trading Down 2.7 %

Shares of NYSE:LBRT traded down $0.44 during midday trading on Friday, reaching $15.78. The company had a trading volume of 1,933,126 shares, compared to its average volume of 2,643,304. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.27. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 8.44 and a beta of 1.58. Liberty Energy Inc. has a 1-year low of $13.86 and a 1-year high of $24.75. The company has a fifty day simple moving average of $17.28 and a two-hundred day simple moving average of $18.48.

Liberty Energy (NYSE:LBRT - Get Free Report) last posted its quarterly earnings results 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 net margin of 7.32% and a return on equity of 14.28%. Research analysts predict that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

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

Insider Activity at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $20.82, for a total value 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. This trade represents a 2.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders sold 40,000 shares of company stock valued at $808,350. 1.90% of the stock is owned by corporate insiders.

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.