Prudential Financial Inc. Has $3.30 Million Holdings in Liberty Energy Inc. (NYSE:LBRT)

Prudential Financial Inc. trimmed its holdings in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 165,751 shares of the company's stock after selling 27,494 shares during the period. Prudential Financial Inc. owned about 0.10% of Liberty Energy worth $3,297,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in shares of Liberty Energy by 61.2% during the third quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company's stock valued at $60,061,000 after acquiring an additional 1,193,918 shares during the period. American Century Companies Inc. grew its holdings in shares of Liberty Energy by 10.8% during the 4th quarter. American Century Companies Inc. now owns 5,178,089 shares of the company's stock valued at $102,992,000 after acquiring an additional 505,634 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Liberty Energy in the fourth quarter worth $6,792,000. Royce & Associates LP increased its position in Liberty Energy by 543.3% in the 4th quarter. Royce & Associates LP now owns 307,855 shares of the company's stock worth $6,123,000 after purchasing an additional 260,000 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Liberty Energy by 5.8% in the third quarter. Geode Capital Management LLC now owns 3,779,906 shares of the company's stock worth $72,173,000 after acquiring an additional 207,527 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities analysts have commented on LBRT shares. Stifel Nicolaus increased their target price on shares of Liberty Energy from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Wells Fargo & Company lowered their target price on Liberty Energy from $24.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Atb Cap Markets raised shares of Liberty Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. Morgan Stanley raised Liberty Energy from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $20.00 to $25.00 in a report on Thursday, March 27th. Finally, Seaport Res Ptn raised shares of Liberty Energy from a "hold" rating to a "strong-buy" rating in a report on Sunday, January 5th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $21.90.

Liberty Energy Price Performance

Shares of LBRT stock traded down $2.14 during trading hours on Friday, hitting $10.98. 5,848,973 shares of the company's stock were exchanged, compared to its average volume of 2,649,015. The stock's 50-day moving average is $16.47 and its 200-day moving average is $18.32. 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 $10.92 and a 52 week high of $24.75. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 5.87 and a beta of 1.18.

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

Liberty Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.08 dividend. The ex-dividend date was Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a yield of 2.91%. Liberty Energy's payout ratio is presently 17.11%.

Insider Transactions at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the stock in a transaction 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 approximately $12,868,218.48. This trade represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.90% of the stock is owned by corporate insiders.

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.