LSV Asset Management Lowers Stock Position in Liberty Energy Inc. (NYSE:LBRT)

LSV Asset Management lessened its holdings in Liberty Energy Inc. (NYSE:LBRT - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,539,900 shares of the company's stock after selling 258,700 shares during the period. LSV Asset Management owned approximately 0.94% of Liberty Energy worth $30,629,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Liberty Energy by 604.9% in the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the company's stock worth $47,000 after acquiring an additional 2,111 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Liberty Energy by 257.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company's stock worth $47,000 after acquiring an additional 1,583 shares in the last quarter. Spire Wealth Management acquired a new position 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% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company's stock worth $67,000 after purchasing an additional 2,184 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Liberty Energy in the fourth quarter valued at approximately $99,000. 98.22% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Michael Stock sold 10,000 shares of the 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 in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.90% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on LBRT shares. TD Cowen decreased their price target on shares of Liberty Energy from $18.00 to $16.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada cut Liberty Energy from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from $24.00 to $19.00 in a research note on Monday, March 24th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $11.00 price target (down previously from $20.00) on shares of Liberty Energy in a research note on Tuesday, April 8th. Barclays decreased their price objective on shares of Liberty Energy from $21.00 to $17.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, Seaport Res Ptn raised Liberty Energy from a "hold" rating to a "strong-buy" rating in a report on Sunday, January 5th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Liberty Energy presently has an average rating of "Moderate Buy" and a consensus target price of $19.40.

Liberty Energy Stock Performance

Liberty Energy stock traded up $0.93 during trading hours on Thursday, reaching $12.36. 2,036,192 shares of the stock were exchanged, compared to its average volume of 2,731,181. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.27. The firm's 50 day moving average is $14.92 and its 200 day moving average is $17.69. Liberty Energy Inc. has a 52-week low of $9.50 and a 52-week high of $24.75. The stock has a market cap of $2.00 billion, a P/E ratio of 6.64 and a beta of 1.18.

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

Liberty Energy Announces Dividend

The company 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 dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Friday, June 6th. Liberty Energy's dividend payout ratio (DPR) is presently 17.11%.

Liberty Energy Company 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.