Mutual of America Capital Management LLC Has $2.45 Million Holdings in Liberty Energy Inc. (NYSE:LBRT)

Mutual of America Capital Management LLC lifted its stake in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 396.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 134,970 shares of the company's stock after purchasing an additional 107,795 shares during the period. Mutual of America Capital Management LLC owned about 0.08% of Liberty Energy worth $2,448,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of LBRT. Macquarie Group Ltd. raised its holdings in shares of Liberty Energy by 181.5% during the first quarter. Macquarie Group Ltd. now owns 8,085,410 shares of the company's stock worth $103,574,000 after purchasing an additional 5,213,132 shares during the period. BlackRock Inc. boosted its stake in Liberty Energy by 38.1% in the third quarter. BlackRock Inc. now owns 13,136,514 shares of the company's stock valued at $166,571,000 after acquiring an additional 3,621,253 shares during the period. Vanguard Group Inc. boosted its stake in Liberty Energy by 20.0% in the third quarter. Vanguard Group Inc. now owns 16,972,147 shares of the company's stock valued at $215,207,000 after acquiring an additional 2,831,183 shares during the period. Eagle Asset Management Inc. bought a new position in shares of Liberty Energy during the fourth quarter valued at approximately $36,326,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Liberty Energy by 47.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,528,916 shares of the company's stock worth $96,444,000 after purchasing an additional 2,417,129 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Liberty Energy

In other news, CAO Ryan T. Gosney sold 6,000 shares of the 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 completion of the sale, the chief accounting officer now owns 140,706 shares in the company, valued at approximately $2,884,473. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Ryan T. Gosney sold 6,000 shares of Liberty Energy stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $20.50, for a total value of $123,000.00. Following the transaction, the chief accounting officer now owns 140,706 shares of the company's stock, valued at approximately $2,884,473. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher A. Wright sold 20,000 shares of the business's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $20.27, for a total value of $405,400.00. Following the sale, the chief executive officer now owns 2,830,402 shares in the company, valued at approximately $57,372,248.54. The disclosure for this sale can be found here. Insiders have sold 98,459 shares of company stock valued at $2,077,491 in the last quarter. Insiders own 3.60% of the company's stock.

Liberty Energy Price Performance

LBRT traded up $0.28 during trading on Friday, reaching $22.38. The stock had a trading volume of 3,772,818 shares, compared to its average volume of 2,533,495. Liberty Energy Inc. has a 1-year low of $11.62 and a 1-year high of $23.31. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 1.08 and a beta of 1.85. The stock has a 50 day moving average of $21.20 and a two-hundred day moving average of $19.68. The company has a quick ratio of 1.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.09.

Liberty Energy (NYSE:LBRT - Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. Liberty Energy had a net margin of 10.43% and a return on equity of 26.46%. The company's quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 EPS. As a group, equities analysts anticipate that Liberty Energy Inc. will post 2.61 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, June 5th. This represents a $0.28 annualized dividend and a dividend yield of 1.25%. Liberty Energy's dividend payout ratio (DPR) is 10.22%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays upped their price objective on Liberty Energy from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Friday. Piper Sandler increased their price objective 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 lifted their price objective on shares of Liberty Energy from $24.00 to $26.00 and gave the company an "overweight" rating in a research report on Friday. Bank of America upped their target price on shares of Liberty Energy from $20.00 to $23.00 and gave the stock a "neutral" rating in a research report on Monday, April 15th. Finally, Royal Bank of Canada lifted their price target on Liberty Energy from $25.00 to $27.00 and gave the company an "outperform" rating in a report on Friday. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.30.

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.