Allspring Global Investments Holdings LLC Trims Position in Liberty Energy Inc. (NYSE:LBRT)

Allspring Global Investments Holdings LLC cut its holdings in Liberty Energy Inc. (NYSE:LBRT - Free Report) by 6.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,078,178 shares of the company's stock after selling 146,419 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.23% of Liberty Energy worth $37,698,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quarry LP lifted its position in Liberty Energy by 111.0% during the second quarter. Quarry LP now owns 3,965 shares of the company's stock worth $53,000 after purchasing an additional 2,086 shares during the period. Farther Finance Advisors LLC lifted its position in Liberty Energy by 8,240.8% during the second quarter. Farther Finance Advisors LLC now owns 4,087 shares of the company's stock worth $55,000 after purchasing an additional 4,038 shares during the period. CWM LLC lifted its position in Liberty Energy by 59.7% during the third quarter. CWM LLC now owns 3,166 shares of the company's stock worth $59,000 after purchasing an additional 1,183 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in Liberty Energy during the third quarter worth about $97,000. Finally, Tower Research Capital LLC TRC lifted its position in Liberty Energy by 42.7% during the third quarter. Tower Research Capital LLC TRC now owns 5,307 shares of the company's stock worth $98,000 after purchasing an additional 1,589 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity

In other Liberty Energy news, insider R Sean Elliott sold 20,000 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $20.50, for a total transaction of $410,000.00. Following the completion of the sale, the insider now owns 218,530 shares of the company's stock, valued at approximately $4,479,865. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Liberty Energy news, insider R Sean Elliott sold 20,000 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $20.50, for a total transaction of $410,000.00. Following the completion of the sale, the insider now owns 218,530 shares of the company's stock, valued at approximately $4,479,865. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Ryan T. Gosney sold 6,000 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $20.50, for a total transaction of $123,000.00. Following the sale, the chief accounting officer now directly owns 140,706 shares of the company's stock, valued at approximately $2,884,473. The disclosure for this sale can be found here. Insiders sold 98,459 shares of company stock valued at $2,077,491 over the last quarter. 3.60% of the stock is owned by company insiders.

Liberty Energy Trading Down 0.4 %

Shares of Liberty Energy stock traded down $0.10 on Friday, hitting $22.46. The stock had a trading volume of 2,173,550 shares, compared to its average volume of 2,657,619. The stock has a 50 day moving average of $20.94 and a 200 day moving average of $19.56. Liberty Energy Inc. has a twelve month low of $11.62 and a twelve month high of $23.23. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.49. The firm has a market capitalization of $3.74 billion, a P/E ratio of 7.11, a PEG ratio of 1.08 and a beta of 1.85.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.03). Liberty Energy had a net margin of 11.72% and a return on equity of 32.28%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the company earned $0.82 EPS. The business's quarterly revenue was down 12.3% compared to the same quarter last year. Sell-side analysts expect that Liberty Energy Inc. will post 2.67 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Tuesday, March 5th. Liberty Energy's dividend payout ratio is currently 8.86%.

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.