Liberty Energy Inc. (NYSE:LBRT) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC lowered its position in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 24.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 471,120 shares of the company's stock after selling 155,424 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.28% of Liberty Energy worth $8,546,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LBRT. Quarry LP raised its holdings in shares of Liberty Energy by 111.0% during the second quarter. Quarry LP now owns 3,965 shares of the company's stock valued at $53,000 after acquiring an additional 2,086 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Liberty Energy by 8,240.8% during the second quarter. Farther Finance Advisors LLC now owns 4,087 shares of the company's stock valued at $55,000 after acquiring an additional 4,038 shares during the last quarter. CWM LLC raised its holdings in shares of Liberty Energy by 59.7% during the third quarter. CWM LLC now owns 3,166 shares of the company's stock valued at $59,000 after acquiring an additional 1,183 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Liberty Energy during the third quarter valued at approximately $97,000. Finally, Tucker Asset Management LLC acquired a new position in shares of Liberty Energy during the second quarter valued at approximately $98,000. Institutional investors and hedge funds own 98.22% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LBRT. Citigroup dropped their price target on Liberty Energy from $22.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, December 14th. Morgan Stanley upped their price target on Liberty Energy from $23.00 to $24.00 and gave the company an "equal weight" rating in a research report on Monday, January 29th. Wells Fargo & Company dropped their price target on Liberty Energy from $25.00 to $24.00 and set an "overweight" rating for the company in a research report on Thursday, December 21st. Finally, Piper Sandler upped their price target on Liberty Energy from $27.00 to $28.00 and gave the company an "overweight" rating in a research report on Friday, January 26th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $23.75.

Liberty Energy Trading Up 1.3 %

Liberty Energy stock traded up $0.29 during mid-day trading on Wednesday, hitting $22.59. The company's stock had a trading volume of 2,095,322 shares, compared to its average volume of 3,000,814. The firm has a market capitalization of $3.77 billion, a PE ratio of 7.15, a price-to-earnings-growth ratio of 1.05 and a beta of 1.85. Liberty Energy Inc. has a 1 year low of $11.62 and a 1 year high of $23.23. The company has a current ratio of 1.49, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. The stock's fifty day moving average is $20.84 and its two-hundred day moving average is $19.50.

Liberty Energy (NYSE:LBRT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.03). The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.08 billion. Liberty Energy had a return on equity of 32.28% and a net margin of 11.72%. The company's revenue was down 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 earnings per share. On average, analysts anticipate that Liberty Energy Inc. will post 2.69 EPS for the current year.

Liberty Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were given a $0.07 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.28 annualized dividend and a yield of 1.24%. Liberty Energy's payout ratio is 8.86%.

Insider Buying and Selling

In other Liberty Energy news, CAO Ryan T. Gosney sold 6,000 shares of the company's stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $20.50, for a total transaction of $123,000.00. Following the transaction, the chief accounting officer now directly owns 140,706 shares in the company, valued at $2,884,473. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Liberty Energy news, CAO Ryan T. Gosney sold 6,000 shares of the company's stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $20.50, for a total transaction of $123,000.00. Following the transaction, the chief accounting officer now directly owns 140,706 shares in the company, valued at $2,884,473. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher A. Wright sold 20,000 shares of the company's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $20.27, for a total value of $405,400.00. Following the transaction, the chief executive officer now owns 2,830,402 shares in the company, valued at $57,372,248.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 98,459 shares of company stock worth $2,077,491. Company insiders own 3.70% of the company's stock.

Liberty Energy 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.