Liberty Energy Inc. (NYSE:LBRT) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,904,779 shares of the company's stock after selling 56,591 shares during the quarter. Dimensional Fund Advisors LP owned about 6.06% of Liberty Energy worth $197,007,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CIBC Private Wealth Group LLC increased its position in shares of Liberty Energy by 257.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company's stock worth $47,000 after purchasing an additional 1,583 shares in the last quarter. Blue Trust Inc. grew its stake in Liberty Energy by 604.9% during the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the company's stock worth $47,000 after buying an additional 2,111 shares during the last quarter. Spire Wealth Management acquired a new position in Liberty Energy during the fourth quarter worth approximately $60,000. Smartleaf Asset Management LLC lifted its stake in Liberty Energy by 176.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company's stock valued at $67,000 after buying an additional 2,184 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new stake in Liberty Energy in the fourth quarter valued at approximately $99,000. 98.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the stock in a transaction on Monday, February 3rd. The stock was 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 represents a 1.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Barclays reduced their price target on shares of Liberty Energy from $17.00 to $16.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company restated an "equal weight" rating and set a $11.00 price target (down previously from $20.00) on shares of Liberty Energy in a research note on Tuesday, April 8th. Citigroup decreased their price target on Liberty Energy from $16.00 to $13.50 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Cowen reissued a "hold" rating on shares of Liberty Energy in a research note on Monday, April 21st. Finally, The Goldman Sachs Group reduced their target price on shares of Liberty Energy from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Liberty Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.05.

Liberty Energy Price Performance

Shares of NYSE:LBRT traded down $0.09 during trading on Monday, hitting $12.08. 373,660 shares of the stock were exchanged, compared to its average volume of 2,734,639. Liberty Energy Inc. has a 12-month low of $9.50 and a 12-month high of $24.75. The company has a market cap of $1.96 billion, a PE ratio of 6.46 and a beta of 1.18. The company has a fifty day moving average price of $14.13 and a two-hundred day moving average price of $17.26. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20.

Liberty Energy (NYSE:LBRT - Get Free Report) last posted its earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $977.46 million for the quarter, compared to analyst estimates of $960.64 million. Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. During the same quarter in the prior year, the company earned $0.48 earnings per share. On average, analysts forecast that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Dividend Announcement

The business also recently disclosed 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. This represents a $0.32 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Friday, June 6th. Liberty Energy's dividend payout ratio is presently 21.19%.

Liberty Energy Company 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.