NYSE:LBRT - Free Report ) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 101,900 shares of the company's stock, valued at approximately $1,848,000. Illinois Municipal Retirement Fund owned 0.06% of Liberty Energy at the end of the most recent quarter.
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Other large investors have also recently bought and sold shares of the company. CWM LLC grew its stake in shares of Liberty Energy by 59.7% in the 3rd 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 last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Liberty Energy in the 3rd quarter worth approximately $97,000. Spirit of America Management Corp NY acquired a new position in shares of Liberty Energy in the 4th quarter worth approximately $127,000. Xponance Inc. acquired a new position in shares of Liberty Energy in the 4th quarter worth approximately $182,000. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of Liberty Energy in the 3rd quarter worth approximately $190,000. Institutional investors and hedge funds own 98.22% of the company's stock.
Analyst Upgrades and Downgrades Several research analysts have commented on the stock. Royal Bank of Canada raised their target price on shares of Liberty Energy from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Friday, April 19th. Barclays raised their target price on shares of Liberty Energy from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Friday, April 19th. TD Cowen raised their target price on shares of Liberty Energy from $19.00 to $21.00 and gave the stock a "hold" rating in a report on Friday, April 19th. Morgan Stanley reiterated an "equal weight" rating and issued a $24.00 target price on shares of Liberty Energy in a report on Monday. Finally, Bank of America raised their target price on shares of Liberty Energy from $20.00 to $23.00 and gave the stock a "neutral" rating in a report on Monday, April 15th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Liberty Energy has an average rating of "Moderate Buy" and a consensus price target of $24.30.
Check Out Our Latest Stock Report on LBRT
Liberty Energy Price Performance Shares of NYSE:LBRT remained flat at $23.02 during trading on Friday. 1,960,472 shares of the stock were exchanged, compared to its average volume of 2,957,658. Liberty Energy Inc. has a 12 month low of $11.62 and a 12 month high of $23.31. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 1.14 and a beta of 1.85. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.48 and a quick ratio of 1.16. The firm's 50 day moving average is $21.43 and its two-hundred day moving average is $19.84.
Liberty Energy (NYSE:LBRT - Get Free Report ) last released its quarterly earnings results on Thursday, April 18th. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). Liberty Energy had a net margin of 10.43% and a return on equity of 26.46%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business earned $0.90 EPS. The company's revenue for the quarter was down 12.8% compared to the same quarter last year. On average, analysts forecast that Liberty Energy Inc. will post 2.54 EPS for the current year.
Liberty Energy Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, June 5th. Liberty Energy's dividend payout ratio (DPR) is currently 10.22%.
Insider Buying and Selling In related news, CEO Christopher A. Wright sold 20,000 shares of the business's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $20.27, for a total transaction of $405,400.00. Following the transaction, the chief executive officer now owns 2,830,402 shares of the company's stock, valued at $57,372,248.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of the business's stock in a transaction on Monday, March 18th. The shares were 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 of the company's stock, valued at approximately $57,372,248.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link . Also, Director William F. Kimble sold 12,459 shares of the business's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $21.55, for a total transaction of $268,491.45. Following the completion of the sale, the director now directly owns 69,963 shares in the company, valued at approximately $1,507,702.65. The disclosure for this sale can be found here . Over the last quarter, insiders have sold 98,459 shares of company stock valued at $2,077,491. 3.60% of the stock is owned by company insiders.
Liberty Energy Profile (
Free Report )
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.
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