Guggenheim Capital LLC Sells 307,289 Shares of Liberty Energy Inc. (NYSE:LBRT)

Guggenheim Capital LLC cut its holdings in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 92.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,571 shares of the company's stock after selling 307,289 shares during the period. Guggenheim Capital LLC's holdings in Liberty Energy were worth $509,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Private Wealth Group LLC increased its stake in Liberty Energy by 257.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company's stock valued at $47,000 after buying an additional 1,583 shares during the last quarter. Blue Trust Inc. increased its stake in Liberty Energy by 604.9% in the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the company's stock valued at $47,000 after buying an additional 2,111 shares during the last quarter. Spire Wealth Management purchased a new stake in Liberty Energy in the 4th quarter valued at about $60,000. Smartleaf Asset Management LLC increased its stake in Liberty Energy by 176.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company's stock valued at $67,000 after buying an additional 2,184 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new stake in Liberty Energy in the 4th quarter valued at about $99,000. Institutional investors and hedge funds own 98.22% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Royal Bank of Canada downgraded shares of Liberty Energy from an "outperform" rating to a "sector perform" rating and reduced their target price for the company from $24.00 to $19.00 in a research report on Monday, March 24th. Barclays cut their price objective on shares of Liberty Energy from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Cowen reissued a "hold" rating on shares of Liberty Energy in a report on Monday, April 21st. Stifel Nicolaus cut their price target on shares of Liberty Energy from $23.00 to $22.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, TD Cowen raised their price target on shares of Liberty Energy from $10.00 to $13.00 and gave the company a "hold" rating in a report on Monday, April 21st. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $18.05.

Liberty Energy Trading Down 0.3 %

LBRT traded down $0.04 during midday trading on Tuesday, reaching $12.23. 1,699,478 shares of the company's stock traded hands, compared to its average volume of 2,738,894. The firm has a fifty day moving average of $14.02 and a two-hundred day moving average of $17.20. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 6.54 and a beta of 1.18. 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 Inc. has a 52 week low of $9.50 and a 52 week high of $24.75.

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

Liberty Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, June 6th. This represents a $0.32 annualized dividend and a yield of 2.62%. Liberty Energy's dividend payout ratio is 21.19%.

Insider Buying and Selling at Liberty Energy

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

About Liberty Energy

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.