341,475 Shares in Liberty Energy Inc. (NYSE:LBRT) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 341,475 shares of the company's stock, valued at approximately $6,792,000. Raymond James Financial Inc. owned approximately 0.21% of Liberty Energy at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC grew its position in Liberty Energy by 197.9% during the 3rd quarter. Barclays PLC now owns 286,661 shares of the company's stock worth $5,471,000 after acquiring an additional 190,445 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Liberty Energy by 11.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 31,077 shares of the company's stock valued at $590,000 after buying an additional 3,160 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Liberty Energy during the 3rd quarter worth approximately $403,000. Tidal Investments LLC grew its holdings in Liberty Energy by 14.6% during the 3rd quarter. Tidal Investments LLC now owns 14,299 shares of the company's stock worth $273,000 after acquiring an additional 1,817 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Liberty Energy by 2.4% during the third quarter. Franklin Resources Inc. now owns 2,631,360 shares of the company's stock valued at $53,706,000 after acquiring an additional 61,909 shares during the last quarter. Institutional investors own 98.22% of the company's stock.

Liberty Energy Stock Up 0.1 %

Liberty Energy stock traded up $0.01 during mid-day trading on Friday, reaching $12.18. The stock had a trading volume of 1,879,402 shares, compared to its average volume of 2,743,966. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.27. Liberty Energy Inc. has a fifty-two week low of $9.50 and a fifty-two week high of $24.75. The stock's 50-day simple moving average is $14.13 and its 200-day simple moving average is $17.28. The firm has a market capitalization of $1.97 billion, a PE ratio of 6.51 and a beta of 1.18.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 earnings per share 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 firm had revenue of $977.46 million for the quarter, compared to analyst estimates of $960.64 million. During the same period last year, the firm earned $0.48 earnings per share. On average, sell-side analysts forecast that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, June 6th. This represents a $0.32 annualized dividend and a dividend yield of 2.63%. Liberty Energy's payout ratio is 21.19%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LBRT shares. Royal Bank of Canada downgraded 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 report on Monday, March 24th. TD Cowen raised their price objective on Liberty Energy from $10.00 to $13.00 and gave the stock a "hold" rating in a research report on Monday, April 21st. Citigroup reduced their target price on Liberty Energy from $16.00 to $13.50 and set a "neutral" rating on the stock in a report on Tuesday. Morgan Stanley upgraded shares of Liberty Energy from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $20.00 to $25.00 in a research report on Thursday, March 27th. Finally, Cowen reiterated a "hold" rating on shares of Liberty Energy in a research report on Monday, April 21st. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Liberty Energy has a consensus rating of "Moderate Buy" and a consensus target price of $18.05.

Insider Activity at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of Liberty Energy stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $17.94, for a total transaction of $179,400.00. Following the transaction, the chief financial officer now owns 717,292 shares of the company's stock, valued at $12,868,218.48. This trade represents a 1.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by 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.