Level Four Advisory Services LLC Sells 36,912 Shares of Liberty Energy Inc. (NYSE:LBRT)

Level Four Advisory Services LLC reduced its position in Liberty Energy Inc. (NYSE:LBRT - Free Report) by 40.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,293 shares of the company's stock after selling 36,912 shares during the period. Level Four Advisory Services LLC's holdings in Liberty Energy were worth $1,100,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of LBRT. FMR LLC boosted its stake in Liberty Energy by 17.1% during the 3rd quarter. FMR LLC now owns 18,115,282 shares of the company's stock valued at $345,821,000 after purchasing an additional 2,640,119 shares during the last quarter. State Street Corp boosted its position in shares of Liberty Energy by 2.7% during the third quarter. State Street Corp now owns 6,662,830 shares of the company's stock valued at $127,193,000 after buying an additional 176,887 shares during the last quarter. American Century Companies Inc. grew its holdings in Liberty Energy by 10.8% during the fourth quarter. American Century Companies Inc. now owns 5,178,089 shares of the company's stock worth $102,992,000 after buying an additional 505,634 shares in the last quarter. Geode Capital Management LLC grew its holdings in Liberty Energy by 5.8% during the third quarter. Geode Capital Management LLC now owns 3,779,906 shares of the company's stock worth $72,173,000 after buying an additional 207,527 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Liberty Energy by 61.2% in 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 during the last quarter. Institutional investors and hedge funds own 98.22% of the company's stock.

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Liberty Energy Stock Performance

Liberty Energy stock traded down $2.44 during midday trading on Thursday, reaching $13.64. The stock had a trading volume of 1,414,137 shares, compared to its average volume of 2,624,277. 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 firm has a market capitalization of $2.21 billion, a PE ratio of 7.29 and a beta of 1.58. Liberty Energy Inc. has a 12 month low of $13.56 and a 12 month high of $24.75. The firm's 50-day moving average price is $16.88 and its 200 day moving average price is $18.42.

Liberty Energy (NYSE:LBRT - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.06). Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. As a group, research analysts predict that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, March 6th. Liberty Energy's payout ratio is currently 17.11%.

Wall Street Analyst Weigh In

Several analysts have recently commented on LBRT shares. Royal Bank of Canada downgraded shares of Liberty Energy from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $24.00 to $19.00 in a report on Monday, March 24th. Morgan Stanley raised shares of Liberty Energy from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $20.00 to $25.00 in a research report on Thursday, March 27th. Atb Cap Markets upgraded Liberty Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Seaport Res Ptn raised 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 Liberty Energy from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Liberty Energy currently has a consensus rating of "Moderate Buy" and an average target price of $21.90.

Insider Activity

In other Liberty Energy news, CFO Michael Stock sold 5,000 shares of the firm's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $23.00, for a total value of $115,000.00. Following the completion of the transaction, the chief financial officer now owns 675,207 shares in the company, valued at $15,529,761. This trade represents a 0.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

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.