Y Intercept Hong Kong Ltd trimmed its holdings in Liberty Energy Inc. (NYSE:LBRT - Free Report) by 47.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,077 shares of the company's stock after selling 38,212 shares during the period. Y Intercept Hong Kong Ltd's holdings in Liberty Energy were worth $837,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. FMR LLC raised its stake in shares of Liberty Energy by 17.1% during the third quarter. FMR LLC now owns 18,115,282 shares of the company's stock valued at $345,821,000 after purchasing an additional 2,640,119 shares during the period. JPMorgan Chase & Co. increased its position 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 worth $60,061,000 after acquiring an additional 1,193,918 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Liberty Energy by 15.9% in the third quarter. Pacer Advisors Inc. now owns 7,012,382 shares of the company's stock worth $133,866,000 after acquiring an additional 963,068 shares in the last quarter. Bridgewater Associates LP increased its holdings in Liberty Energy by 285.1% during the 3rd quarter. Bridgewater Associates LP now owns 700,814 shares of the company's stock worth $13,379,000 after purchasing an additional 518,830 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Liberty Energy by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,779,906 shares of the company's stock valued at $72,173,000 after buying an additional 207,527 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.
Liberty Energy Price Performance
Shares of Liberty Energy stock traded down $1.29 during trading on Monday, hitting $15.98. The stock had a trading volume of 3,939,808 shares, compared to its average volume of 3,275,567. The business has a fifty day moving average of $19.51 and a two-hundred day moving average of $19.19. Liberty Energy Inc. has a fifty-two week low of $15.83 and a fifty-two week high of $24.75. The firm has a market cap of $2.59 billion, a P/E ratio of 8.55 and a beta of 1.63. 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 data on Wednesday, January 29th. The company reported $0.10 earnings per share 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%. On average, sell-side 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 announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, March 6th. Liberty Energy's dividend payout ratio (DPR) is currently 17.11%.
Insider Activity
In related news, CEO Christopher A. Wright sold 2,936 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $19.16, for a total transaction of $56,253.76. Following the transaction, the chief executive officer now directly owns 2,543,877 shares of the company's stock, valued at approximately $48,740,683.32. The trade was a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Michael Stock sold 10,000 shares of the company's 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 completion of the transaction, the chief financial officer now owns 717,292 shares in the company, valued at approximately $12,868,218.48. This represents a 1.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 58,936 shares of company stock worth $1,156,284 over the last quarter. Corporate insiders own 3.60% of the company's stock.
Analysts Set New Price Targets
LBRT has been the topic of several recent analyst reports. TD Cowen cut their price target on shares of Liberty Energy from $18.00 to $16.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Citigroup upped their price objective on Liberty Energy from $19.00 to $22.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Royal Bank of Canada lowered their price target on Liberty Energy from $26.00 to $24.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Wells Fargo & Company lowered their target price 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, The Goldman Sachs Group started coverage on shares of Liberty Energy in a report on Friday, December 13th. They issued a "neutral" rating and a $19.00 price target for the company. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Liberty Energy currently has an average rating of "Moderate Buy" and an average target price of $22.30.
Read Our Latest Stock Report on LBRT
Liberty Energy Company Profile
(
Free Report)
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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