333,929 Shares in Liberty Energy Inc. (NYSE:LBRT) Purchased by Cerity Partners LLC

Cerity Partners LLC acquired a new stake in Liberty Energy Inc. (NYSE:LBRT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 333,929 shares of the company's stock, valued at approximately $6,057,000. Cerity Partners LLC owned approximately 0.20% of Liberty Energy at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LBRT. Advisor Group Holdings Inc. increased its stake in Liberty Energy by 24.7% in the first quarter. Advisor Group Holdings Inc. now owns 13,300 shares of the company's stock valued at $194,000 after purchasing an additional 2,637 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Liberty Energy by 129.4% in the 1st quarter. Bank of New York Mellon Corp now owns 2,089,808 shares of the company's stock valued at $30,971,000 after buying an additional 1,178,716 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Liberty Energy by 17.4% in the 1st quarter. HighTower Advisors LLC now owns 17,607 shares of the company's stock valued at $261,000 after buying an additional 2,607 shares during the last quarter. Citigroup Inc. raised its stake in Liberty Energy by 775.0% during the 1st quarter. Citigroup Inc. now owns 219,897 shares of the company's stock worth $3,259,000 after acquiring an additional 194,767 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position in Liberty Energy by 106.8% in the first quarter. MetLife Investment Management LLC now owns 49,221 shares of the company's stock valued at $729,000 after acquiring an additional 25,424 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LBRT has been the subject of several research analyst reports. Wells Fargo & Company decreased their price objective on Liberty Energy from $25.00 to $24.00 and set an "overweight" rating for the company in a report on Thursday, December 21st. Bank of America raised their price objective on shares of Liberty Energy from $20.00 to $23.00 and gave the stock a "neutral" rating in a research report on Monday. Morgan Stanley upped their target price on shares of Liberty Energy from $23.00 to $24.00 and gave the company an "equal weight" rating in a report on Monday, January 29th. Finally, Piper Sandler raised their price target on Liberty Energy from $27.00 to $28.00 and gave the stock an "overweight" rating in a report on Friday, January 26th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.67.

Insider Activity at Liberty Energy

In other news, CEO Christopher A. Wright sold 20,000 shares of the company's stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $22.66, for a total value of $453,200.00. Following the completion of the sale, the chief executive officer now owns 2,858,814 shares of the company's stock, valued at $64,780,725.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Christopher A. Wright sold 20,000 shares of the company's stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $22.66, for a total value of $453,200.00. Following the completion of the transaction, the chief executive officer now directly owns 2,858,814 shares in the company, valued at $64,780,725.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Ryan T. Gosney sold 6,000 shares of Liberty Energy 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 sale, the chief accounting officer now directly owns 140,706 shares in the company, valued at approximately $2,884,473. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,459 shares of company stock worth $2,077,491. 3.70% of the stock is currently owned by corporate insiders.

Liberty Energy Trading Down 0.3 %

Shares of LBRT stock traded down $0.06 during trading hours on Wednesday, hitting $21.52. 2,658,378 shares of the company were exchanged, compared to its average volume of 2,946,853. The firm has a fifty day moving average of $21.04 and a 200 day moving average of $19.61. The company has a quick ratio of 1.17, a current ratio of 1.49 and a debt-to-equity ratio of 0.15. Liberty Energy Inc. has a 1 year low of $11.62 and a 1 year high of $23.23. The firm has a market cap of $3.59 billion, a PE ratio of 6.83, a PEG ratio of 1.07 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 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.03). Liberty Energy had a return on equity of 32.28% and a net margin of 11.72%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the company earned $0.82 earnings per share. The company's quarterly revenue was down 12.3% on a year-over-year basis. Analysts expect that Liberty Energy Inc. will post 2.64 earnings per share for the current year.

Liberty Energy Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Tuesday, March 5th. Liberty Energy's dividend payout ratio is presently 8.86%.

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.