Liberty Energy Inc. (NYSE:LBRT) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its position in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,729,234 shares of the company's stock after selling 50,672 shares during the quarter. Geode Capital Management LLC owned approximately 2.28% of Liberty Energy worth $74,192,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Liberty Energy by 61.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company's stock valued at $60,061,000 after buying an additional 1,193,918 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in Liberty Energy during the fourth quarter worth $498,000. Principal Financial Group Inc. lifted its holdings in Liberty Energy by 2.8% during the fourth quarter. Principal Financial Group Inc. now owns 897,040 shares of the company's stock valued at $17,842,000 after purchasing an additional 24,825 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Liberty Energy in the fourth quarter valued at about $6,792,000. Finally, Franklin Resources Inc. increased its stake in shares of Liberty Energy by 2.4% during the third quarter. Franklin Resources Inc. now owns 2,631,360 shares of the company's stock worth $53,706,000 after purchasing an additional 61,909 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Insider Transactions at Liberty Energy

In other news, CFO Michael Stock sold 10,000 shares of the business'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 value 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. The trade was a 1.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.90% of the company's stock.

Liberty Energy Trading Up 9.5 %

Liberty Energy stock traded up $1.09 during midday trading on Thursday, hitting $12.52. 1,286,718 shares of the stock were exchanged, compared to its average volume of 2,728,499. 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 stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 6.71 and a beta of 1.18. The stock's 50-day simple moving average is $14.92 and its 200 day simple moving average is $17.69. Liberty Energy Inc. has a fifty-two week low of $9.50 and a fifty-two week high of $24.75.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly 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 net margin of 7.32% and a return on equity of 14.28%. The firm had revenue of $977.46 million for the quarter, compared to analyst estimates of $960.64 million. During the same quarter in the previous year, the company earned $0.48 EPS. On average, equities analysts anticipate that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Announces Dividend

The firm also recently declared 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 2.56%. The ex-dividend date of this dividend is Friday, June 6th. Liberty Energy's dividend payout ratio (DPR) is presently 17.11%.

Analyst Ratings Changes

LBRT has been the topic of several research analyst reports. 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, March 27th. Barclays lowered their price target on Liberty Energy from $21.00 to $17.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. TD Cowen reduced their price objective 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. Wells Fargo & Company restated an "equal weight" rating and issued a $11.00 price objective (down previously from $20.00) on shares of Liberty Energy in a report on Tuesday, April 8th. Finally, Royal Bank of Canada lowered shares of Liberty Energy from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $24.00 to $19.00 in a report on Monday, March 24th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Liberty Energy has an average rating of "Moderate Buy" and a consensus target price of $19.40.

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.