Jackson Creek Investment Advisors LLC Acquires New Shares in Liberty Energy Inc. (NYSE:LBRT)

Jackson Creek Investment Advisors LLC acquired a new stake in Liberty Energy Inc. (NYSE:LBRT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 44,082 shares of the company's stock, valued at approximately $800,000.

Several other hedge funds have also recently modified their holdings of LBRT. CWM LLC increased its stake in shares of Liberty Energy by 59.7% during 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. Maryland State Retirement & Pension System purchased a new position in Liberty Energy during the 3rd quarter valued at about $1,058,000. Dakota Wealth Management purchased a new position in Liberty Energy during the 3rd quarter valued at about $223,000. Raymond James & Associates lifted its holdings in shares of Liberty Energy by 3.1% in the third quarter. Raymond James & Associates now owns 65,178 shares of the company's stock worth $1,207,000 after buying an additional 1,943 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Liberty Energy by 53.1% in the third quarter. Bank of New York Mellon Corp now owns 2,244,480 shares of the company's stock valued at $41,568,000 after acquiring an additional 778,111 shares during the period. Institutional investors own 98.22% of the company's stock.

Insider Activity at Liberty Energy

In other news, Director William F. Kimble sold 12,459 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $21.55, for a total value of $268,491.45. Following the completion of the transaction, the director now owns 69,963 shares of the company's stock, valued at approximately $1,507,702.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Christopher A. Wright sold 20,000 shares of Liberty Energy stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 2,830,402 shares in the company, valued at $57,372,248.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William F. Kimble sold 12,459 shares of the company's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $21.55, for a total value of $268,491.45. Following the completion of the sale, the director now owns 69,963 shares in the company, valued at approximately $1,507,702.65. The disclosure for this sale can be found here. Insiders have sold 162,459 shares of company stock worth $3,592,591 over the last 90 days. 3.70% of the stock is owned by company insiders.

Liberty Energy Trading Down 4.4 %

Shares of Liberty Energy stock traded down $0.97 on Wednesday, hitting $21.03. The stock had a trading volume of 2,674,332 shares, compared to its average volume of 2,940,917. The stock's 50-day simple moving average is $21.52 and its two-hundred day simple moving average is $19.95. Liberty Energy Inc. has a one year low of $11.62 and a one year high of $23.31. The company has a quick ratio of 1.16, a current ratio of 1.48 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 7.78, a PEG ratio of 1.17 and a beta of 1.85.

Liberty Energy (NYSE:LBRT - Get Free Report) last announced its quarterly earnings results on Thursday, April 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.08 billion. Liberty Energy had a net margin of 10.43% and a return on equity of 26.46%. The firm's revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 EPS. As a group, sell-side analysts predict that Liberty Energy Inc. will post 2.52 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. Stockholders of record on Thursday, June 6th will be given a $0.07 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $0.28 annualized dividend and a dividend yield of 1.33%. Liberty Energy's dividend payout ratio is 10.22%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LBRT. Barclays upped their price target 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. Royal Bank of Canada increased their target price on Liberty Energy from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Friday, April 19th. 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, April 22nd. Wells Fargo & Company increased their price objective on Liberty Energy from $24.00 to $26.00 and gave the company an "overweight" rating in a research report on Friday, April 19th. Finally, Piper Sandler boosted their target price on Liberty Energy from $27.00 to $28.00 and gave the stock an "overweight" rating in a research report on Friday, January 26th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Liberty Energy presently has a consensus rating of "Moderate Buy" and a consensus target price 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.