Liberty Energy Inc. (NYSE:LBRT) Shares Bought by Barclays PLC

Barclays PLC raised its stake in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 376,401 shares of the company's stock after purchasing an additional 89,740 shares during the quarter. Barclays PLC owned approximately 0.23% of Liberty Energy worth $7,487,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LBRT. Blue Trust Inc. grew its holdings in Liberty Energy by 604.9% in the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the company's stock worth $47,000 after purchasing an additional 2,111 shares during the period. CIBC Private Wealth Group LLC grew its position in Liberty Energy by 257.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company's stock valued at $47,000 after purchasing an additional 1,583 shares during the last quarter. Spire Wealth Management bought a new stake in shares of Liberty Energy during the fourth quarter valued at approximately $60,000. Smartleaf Asset Management LLC raised its stake in shares of Liberty Energy by 176.3% in 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 during the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in Liberty Energy during the 4th quarter valued at about $99,000. 98.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LBRT has been the topic of several analyst reports. TD Cowen lifted their target price on Liberty Energy from $10.00 to $13.00 and gave the company a "hold" rating in a research report on Monday, April 21st. Morgan Stanley upgraded Liberty Energy from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $20.00 to $25.00 in a research note on Thursday, March 27th. Barclays lowered their price objective on Liberty Energy from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company reiterated an "equal weight" rating and set a $11.00 target price (down previously from $20.00) on shares of Liberty Energy in a research report on Tuesday, April 8th. Finally, Citigroup lowered their price target on Liberty Energy from $16.00 to $13.50 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.05.

Insider Buying and Selling at Liberty Energy

In other news, CFO Michael Stock sold 10,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.94, for a total value of $179,400.00. Following the sale, the chief financial officer now directly owns 717,292 shares in the company, valued at approximately $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 accessible through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Liberty Energy Trading Up 1.2 %

Liberty Energy stock traded up $0.14 during midday trading on Tuesday, reaching $12.41. The stock had a trading volume of 181,316 shares, compared to its average volume of 2,732,996. The company has a fifty day moving average of $14.02 and a 200 day moving average of $17.20. Liberty Energy Inc. has a 52-week low of $9.50 and a 52-week high of $24.75. 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 firm has a market cap of $2.01 billion, a price-to-earnings ratio of 6.66 and a beta of 1.18.

Liberty Energy (NYSE:LBRT - Get Free Report) last issued its earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $960.64 million. During the same period in the previous year, the firm earned $0.48 earnings per share. On average, analysts anticipate 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 will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.32 annualized dividend and a yield of 2.58%. Liberty Energy's payout ratio is currently 21.19%.

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.