Foundry Partners LLC Acquires New Stake in Liberty Energy Inc. (NYSE:LBRT)

Foundry Partners LLC purchased a new stake in Liberty Energy Inc. (NYSE:LBRT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 180,903 shares of the company's stock, valued at approximately $3,282,000. Foundry Partners LLC owned about 0.11% of Liberty Energy at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Liberty Energy by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 20,546,529 shares of the company's stock valued at $380,522,000 after acquiring an additional 893,563 shares during the last quarter. Pacer Advisors Inc. increased its stake in Liberty Energy by 93.9% during the 4th quarter. Pacer Advisors Inc. now owns 4,587,073 shares of the company's stock worth $83,210,000 after purchasing an additional 2,221,588 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Liberty Energy by 53.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,244,480 shares of the company's stock worth $41,568,000 after purchasing an additional 778,111 shares in the last quarter. American Century Companies Inc. increased its stake in Liberty Energy by 12.4% during the 3rd quarter. American Century Companies Inc. now owns 2,241,076 shares of the company's stock worth $41,505,000 after purchasing an additional 247,074 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Liberty Energy by 14.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,116,651 shares of the company's stock worth $39,200,000 after purchasing an additional 263,823 shares in the last quarter. 98.22% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Liberty Energy 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 in the company, valued at $2,884,473. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Christopher A. Wright sold 20,000 shares of Liberty Energy stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $22.66, for a total value of $453,200.00. Following the transaction, the chief executive officer now directly owns 2,858,814 shares of the company's stock, valued at $64,780,725.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Ryan T. Gosney sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $20.50, for a total value of $123,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 140,706 shares in the company, valued at $2,884,473. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 98,459 shares of company stock worth $2,077,491. Company insiders own 3.70% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Bank of America increased their target price on Liberty Energy from $20.00 to $23.00 and gave the stock a "neutral" rating in a research note on Monday, April 15th. Royal Bank of Canada raised their price target on shares of Liberty Energy from $25.00 to $27.00 and gave the stock an "outperform" rating in a research note on Friday. Morgan Stanley reaffirmed an "equal weight" rating and set a $24.00 price target on shares of Liberty Energy in a research note on Monday. TD Cowen raised their price target on shares of Liberty Energy from $19.00 to $21.00 and gave the stock a "hold" rating in a research note on Friday. Finally, Piper Sandler raised their price target on shares of Liberty Energy from $27.00 to $28.00 and gave the stock an "overweight" rating in a research note on Friday, January 26th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $24.30.

Liberty Energy Stock Performance

LBRT stock traded up $0.70 during trading hours on Tuesday, hitting $22.82. 2,089,243 shares of the stock were exchanged, compared to its average volume of 2,966,606. The company has a current ratio of 1.48, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $3.80 billion, a P/E ratio of 8.31, a P/E/G ratio of 1.11 and a beta of 1.85. The company has a 50-day simple moving average of $21.25 and a two-hundred day simple moving average of $19.75. Liberty Energy Inc. has a 12 month low of $11.62 and a 12 month high of $23.31.

Liberty Energy (NYSE:LBRT - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $1.08 billion. Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. The firm's quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 EPS. On average, analysts forecast that Liberty Energy Inc. will post 2.58 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, June 5th. Liberty Energy's payout ratio is currently 10.22%.

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.