Kennedy Capital Management LLC Has $6.43 Million Holdings in Liberty Energy Inc. (NYSE:LBRT)

Kennedy Capital Management LLC decreased its stake in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 323,142 shares of the company's stock after selling 37,438 shares during the period. Kennedy Capital Management LLC owned about 0.20% of Liberty Energy worth $6,427,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its position in Liberty Energy by 2.6% in the fourth quarter. Bessemer Group Inc. now owns 579,782 shares of the company's stock worth $11,530,000 after acquiring an additional 14,700 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Liberty Energy in the fourth quarter worth approximately $6,792,000. Renaissance Technologies LLC raised its holdings in Liberty Energy by 23.8% during the fourth quarter. Renaissance Technologies LLC now owns 58,300 shares of the company's stock valued at $1,160,000 after buying an additional 11,200 shares in the last quarter. Legal & General Group Plc raised its position in shares of Liberty Energy by 0.6% in the fourth quarter. Legal & General Group Plc now owns 437,741 shares of the company's stock valued at $8,707,000 after purchasing an additional 2,511 shares during the period. Finally, Bank of Montreal Can boosted its holdings in Liberty Energy by 365.2% during the fourth quarter. Bank of Montreal Can now owns 112,241 shares of the company's stock valued at $2,232,000 after acquiring an additional 88,115 shares during the period. 98.22% of the stock is currently owned by institutional investors.

Liberty Energy Stock Up 8.7 %

Shares of Liberty Energy stock traded up $1.00 during trading on Thursday, reaching $12.43. The company's stock had a trading volume of 2,174,774 shares, compared to its average volume of 2,731,743. The company has a 50-day simple moving average of $14.92 and a two-hundred day simple moving average of $17.69. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 6.65 and a beta of 1.18. 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.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The company had revenue of $977.46 million for the quarter, compared to analyst estimates of $960.64 million. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. During the same period in the prior year, the firm earned $0.48 earnings per share. As a group, equities analysts forecast that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Friday, June 6th. Liberty Energy's payout ratio is 17.11%.

Insider Buying and Selling

In other news, CFO Michael Stock sold 10,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.94, for a total value of $179,400.00. Following the completion of the transaction, the chief financial officer now owns 717,292 shares of the company's stock, valued at approximately $12,868,218.48. This represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.90% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. TD Cowen lowered their price target on shares of Liberty Energy from $18.00 to $16.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Seaport Res Ptn raised Liberty Energy from a "hold" rating to a "strong-buy" rating in a research note on Sunday, January 5th. Royal Bank of Canada lowered shares of Liberty Energy from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from $24.00 to $19.00 in a report on Monday, March 24th. Stifel Nicolaus decreased their target price on shares of Liberty Energy from $25.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $11.00 price objective (down from $20.00) on shares of Liberty Energy in a research report on Tuesday, April 8th. Six research 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. Based on data from MarketBeat, Liberty Energy presently has a consensus rating of "Moderate Buy" and an average 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.