Liberty Energy Inc. (NYSE:LBRT) Holdings Cut by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lessened its holdings in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 86.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,127 shares of the company's stock after selling 86,227 shares during the period. Epoch Investment Partners Inc.'s holdings in Liberty Energy were worth $261,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Blue Trust Inc. increased its holdings in shares of Liberty Energy by 604.9% during the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the company's stock valued at $47,000 after acquiring an additional 2,111 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings 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 purchasing an additional 1,583 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of Liberty Energy during the fourth quarter valued at $60,000. Smartleaf Asset Management LLC increased its holdings in Liberty Energy by 176.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company's stock worth $67,000 after buying an additional 2,184 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in Liberty Energy during the 4th quarter valued at about $99,000. 98.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LBRT has been the subject of several research analyst reports. Barclays cut their price objective on Liberty Energy from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Tuesday. Royal Bank of Canada downgraded shares of Liberty Energy from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $24.00 to $19.00 in a report on Monday, March 24th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $11.00 target price (down from $20.00) on shares of Liberty Energy in a report on Tuesday, April 8th. TD Cowen lifted their price target on shares of Liberty Energy from $10.00 to $13.00 and gave the stock a "hold" rating in a research note on Monday. Finally, Seaport Res Ptn upgraded Liberty Energy from a "hold" rating to a "strong-buy" rating in a research note on Sunday, January 5th. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.05.

Liberty Energy Trading Up 1.0 %

NYSE:LBRT traded up $0.12 on Thursday, hitting $12.17. The stock had a trading volume of 2,937,767 shares, compared to its average volume of 2,747,106. Liberty Energy Inc. has a 1-year low of $9.50 and a 1-year high of $24.75. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 6.51 and a beta of 1.18. The company has a fifty day moving average price of $14.37 and a two-hundred day moving average price of $17.41.

Liberty Energy (NYSE:LBRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $977.46 million for the quarter, compared to the consensus estimate of $960.64 million. Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. During the same quarter in the prior year, the business earned $0.48 EPS. Equities research analysts expect that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

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

Insider Buying and Selling at Liberty Energy

In related news, CFO Michael Stock sold 10,000 shares of the firm's stock in a transaction that occurred 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 owns 717,292 shares in the company, valued at approximately $12,868,218.48. This trade represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.