Liberty Energy Inc. (NYSE:LBRT) Shares Sold by Vestcor Inc

Vestcor Inc reduced its position in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 66.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,698 shares of the company's stock after selling 25,000 shares during the period. Vestcor Inc's holdings in Liberty Energy were worth $253,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in LBRT. JPMorgan Chase & Co. raised its holdings in Liberty Energy by 61.2% in the 3rd 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 last quarter. Quest Partners LLC increased its holdings in shares of Liberty Energy by 168.2% in the third quarter. Quest Partners LLC now owns 62,979 shares of the company's stock valued at $1,202,000 after purchasing an additional 39,497 shares during the last quarter. Impala Asset Management LLC lifted its position in Liberty Energy by 89.2% during the third quarter. Impala Asset Management LLC now owns 350,000 shares of the company's stock worth $6,682,000 after buying an additional 165,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Liberty Energy by 8.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,237,247 shares of the company's stock worth $42,709,000 after buying an additional 166,443 shares during the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in Liberty Energy in the 4th quarter valued at $498,000. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. TD Cowen lowered their price target on shares of Liberty Energy from $18.00 to $16.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company decreased their target price on shares of Liberty Energy from $24.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Citigroup raised their price target on shares of Liberty Energy from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Seaport Res Ptn upgraded Liberty Energy from a "hold" rating to a "strong-buy" rating in a research report on Sunday, January 5th. Finally, The Goldman Sachs Group started coverage on Liberty Energy in a research report on Friday, December 13th. They issued a "neutral" rating and a $19.00 target price on the stock. Five research analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $22.30.

Insider Activity

In related news, CFO Michael Stock sold 20,000 shares of Liberty Energy stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $20.82, for a total value of $416,400.00. Following the completion of the transaction, the chief financial officer now owns 680,207 shares in the company, valued at $14,161,909.74. The trade was a 2.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders sold 40,000 shares of company stock worth $808,350. 1.90% of the stock is currently owned by company insiders.

Liberty Energy Stock Up 0.4 %

Shares of LBRT stock traded up $0.06 during trading on Friday, reaching $14.63. The company's stock had a trading volume of 15,672,979 shares, compared to its average volume of 2,565,892. Liberty Energy Inc. has a 1-year low of $13.86 and a 1-year high of $24.75. The stock's 50-day moving average price is $18.07 and its 200 day moving average price is $18.66. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 7.82 and a beta of 1.58. 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 (NYSE:LBRT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 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%. On average, research analysts anticipate that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Thursday, March 6th. Liberty Energy's dividend payout ratio is currently 17.11%.

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.