O Shaughnessy Asset Management LLC lessened its holdings in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 28.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,817 shares of the company's stock after selling 104,820 shares during the period. O Shaughnessy Asset Management LLC owned about 0.16% of Liberty Energy worth $5,208,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. CIBC Private Wealth Group LLC increased its position in shares of Liberty Energy by 257.8% during the fourth 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 during the period. Schroder Investment Management Group purchased a new position in Liberty Energy during the 4th quarter worth $418,000. New Age Alpha Advisors LLC purchased a new stake in shares of Liberty Energy in the 4th quarter worth $195,000. Norges Bank purchased a new stake in shares of Liberty Energy in the 4th quarter worth $8,140,000. Finally, EntryPoint Capital LLC bought a new position in shares of Liberty Energy during the 4th quarter worth $492,000. Institutional investors own 98.22% of the company's stock.
Analysts Set New Price Targets
A number of research firms recently weighed in on LBRT. Atb Cap Markets raised shares of Liberty Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Wells Fargo & Company reduced their price target on Liberty Energy from $24.00 to $22.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Seaport Res Ptn raised shares of Liberty Energy from a "hold" rating to a "strong-buy" rating in a research report on Sunday, January 5th. The Goldman Sachs Group assumed coverage on Liberty Energy in a research report on Friday, December 13th. They set a "neutral" rating and a $19.00 price target for the company. Finally, Royal Bank of Canada lowered 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. Five analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.90.
Check Out Our Latest Report on Liberty Energy
Liberty Energy Price Performance
LBRT traded down $2.14 on Friday, reaching $10.98. 5,848,973 shares of the company's stock were exchanged, compared to its average volume of 2,649,015. The stock has a market cap of $1.78 billion, a PE ratio of 5.87 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 twelve month low of $10.92 and a twelve month high of $24.75. The stock's fifty day moving average price is $16.47 and its 200-day moving average price is $18.32.
Liberty Energy (NYSE:LBRT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share (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%. Sell-side analysts expect that Liberty Energy Inc. will post 0.58 EPS for the current year.
Liberty Energy Dividend Announcement
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 dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.32 annualized dividend and a dividend yield of 2.91%. Liberty Energy's dividend payout ratio is presently 17.11%.
Insider Activity
In other Liberty Energy news, CFO Michael Stock sold 5,000 shares of Liberty Energy stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $23.00, for a total transaction of $115,000.00. Following the transaction, the chief financial officer now directly owns 675,207 shares of the company's stock, valued at $15,529,761. The trade was a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company's stock.
Liberty Energy Company Profile
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Free Report)
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.
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