Quantbot Technologies LP Cuts Stock Holdings in Liberty Energy Inc. (NYSE:LBRT)

Quantbot Technologies LP reduced its stake in Liberty Energy Inc. (NYSE:LBRT - Free Report) by 79.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,051 shares of the company's stock after selling 90,693 shares during the quarter. Quantbot Technologies LP's holdings in Liberty Energy were worth $458,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Quarry LP increased its stake in Liberty Energy by 237.5% in the 3rd quarter. Quarry LP now owns 1,991 shares of the company's stock valued at $38,000 after buying an additional 1,401 shares during the period. Blue Trust Inc. increased its stake in shares of Liberty Energy by 604.9% during the fourth 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 period. Spire Wealth Management acquired a new position in shares of Liberty Energy during the fourth quarter worth about $60,000. Smartleaf Asset Management LLC raised its holdings 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 in the last quarter. Finally, Lee Danner & Bass Inc. purchased a new stake in Liberty Energy in the 4th quarter valued at approximately $99,000. Institutional investors and hedge funds own 98.22% of the company's stock.

Insider Activity at Liberty Energy

In related news, CFO Michael Stock sold 5,000 shares of the company's stock in a transaction on 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 directly owns 675,207 shares in the company, valued at approximately $15,529,761. This represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 35,000 shares of company stock valued at $710,800. Company insiders own 1.90% of the company's stock.

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Liberty Energy Price Performance

NYSE:LBRT traded up $0.24 during trading hours on Wednesday, reaching $16.09. 1,552,715 shares of the company traded hands, compared to its average volume of 2,628,637. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97. The firm's 50-day moving average is $16.88 and its 200-day moving average is $18.42. The stock has a market cap of $2.61 billion, a P/E ratio of 8.60 and a beta of 1.58. Liberty Energy Inc. has a 1-year low of $13.86 and a 1-year high of $24.75.

Liberty Energy (NYSE:LBRT - Get Free Report) last issued 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 net margin of 7.32% and a return on equity of 14.28%. Equities research analysts expect that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Thursday, March 6th. Liberty Energy's dividend payout ratio is presently 17.11%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LBRT. Stifel Nicolaus raised their price target on Liberty Energy from $23.00 to $25.00 and gave the company a "buy" rating in a report on Friday, January 31st. Seaport Res Ptn raised Liberty Energy from a "hold" rating to a "strong-buy" rating in a report on Sunday, January 5th. Royal Bank of Canada cut shares of Liberty Energy from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from $24.00 to $19.00 in a research note on Monday, March 24th. Wells Fargo & Company reduced their price objective on shares of Liberty Energy from $24.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Finally, Morgan Stanley raised shares of Liberty Energy from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $20.00 to $25.00 in a report on Thursday, March 27th. Five investment 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 MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.90.

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.