Vanguard Group Inc. Lowers Holdings in Liberty Energy Inc. (NYSE:LBRT)

Vanguard Group Inc. decreased its holdings in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,315,418 shares of the company's stock after selling 89,306 shares during the quarter. Vanguard Group Inc. owned about 10.60% of Liberty Energy worth $344,404,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LBRT. JPMorgan Chase & Co. grew its holdings in shares of Liberty Energy by 61.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company's stock worth $60,061,000 after purchasing an additional 1,193,918 shares during the period. American Century Companies Inc. boosted its stake in Liberty Energy by 10.8% during the fourth quarter. American Century Companies Inc. now owns 5,178,089 shares of the company's stock worth $102,992,000 after buying an additional 505,634 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Liberty Energy during the fourth quarter valued at about $6,792,000. Royce & Associates LP raised its stake in shares of Liberty Energy by 543.3% in the 4th quarter. Royce & Associates LP now owns 307,855 shares of the company's stock valued at $6,123,000 after acquiring an additional 260,000 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Liberty Energy by 5.8% in the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Insider Transactions at Liberty Energy

In related news, CFO Michael Stock sold 10,000 shares of the business's 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 completion of the sale, the chief financial officer now directly owns 717,292 shares of the company's stock, valued at $12,868,218.48. The trade was a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.90% of the company's stock.

Liberty Energy Stock Down 18.3 %

Shares of NYSE:LBRT opened at $13.14 on Friday. Liberty Energy Inc. has a fifty-two week low of $12.98 and a fifty-two week high of $24.75. The firm's 50 day moving average price is $16.69 and its 200 day moving average price is $18.38. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 7.02 and a beta of 1.18.

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Liberty Energy (NYSE:LBRT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.10 earnings per share 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%. As a group, equities research analysts predict that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Thursday, March 6th. Liberty Energy's dividend payout ratio (DPR) is 17.11%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LBRT. TD Cowen dropped their target price on shares of Liberty Energy from $18.00 to $16.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company cut their price objective on Liberty Energy from $24.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Stifel Nicolaus increased their target price on Liberty Energy from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Atb Cap Markets raised Liberty Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group began coverage on shares of Liberty Energy in a research report on Friday, December 13th. They set a "neutral" rating and a $19.00 price target on the stock. Five analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $21.90.

About Liberty Energy

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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