LSV Asset Management Boosts Stock Position in Liberty Energy Inc. (NYSE:LBRT)

LSV Asset Management lifted its stake in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 522.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 897,180 shares of the company's stock after buying an additional 752,980 shares during the quarter. LSV Asset Management owned about 0.53% of Liberty Energy worth $16,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Liberty Energy in the 4th quarter worth about $800,000. International Assets Investment Management LLC increased its stake in shares of Liberty Energy by 1,777.4% during the fourth quarter. International Assets Investment Management LLC now owns 233,280 shares of the company's stock valued at $4,232,000 after purchasing an additional 220,854 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Liberty Energy by 12.4% during the third quarter. American Century Companies Inc. now owns 2,241,076 shares of the company's stock valued at $41,505,000 after purchasing an additional 247,074 shares during the last quarter. Knights of Columbus Asset Advisors LLC bought a new stake in shares of Liberty Energy in the 4th quarter worth approximately $3,532,000. Finally, Public Sector Pension Investment Board purchased a new stake in shares of Liberty Energy in the 3rd quarter worth approximately $3,549,000. 98.22% of the stock is owned by institutional investors.

Liberty Energy Stock Performance

NYSE:LBRT traded down $0.09 during trading hours on Tuesday, reaching $22.07. The company had a trading volume of 1,644,802 shares, compared to its average volume of 2,909,465. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 1.10 and a beta of 1.83. 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's 50 day moving average price is $21.60 and its 200-day moving average price is $20.01. Liberty Energy Inc. has a 52 week low of $11.62 and a 52 week high of $23.31.

Liberty Energy (NYSE:LBRT - Get Free Report) last issued its quarterly earnings data on Thursday, April 18th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. 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 previous year, the firm earned $0.90 EPS. The business's revenue was down 12.8% on a year-over-year basis. On average, analysts forecast that Liberty Energy Inc. will post 2.52 EPS for the current 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 paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Wednesday, June 5th. Liberty Energy's dividend payout ratio (DPR) is presently 10.22%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LBRT shares. TD Cowen lifted their price objective on Liberty Energy from $19.00 to $21.00 and gave the company a "hold" rating in a research note on Friday, April 19th. Royal Bank of Canada increased their price objective on shares of Liberty Energy from $25.00 to $27.00 and gave the company an "outperform" rating in a research report on Friday, April 19th. Barclays lifted 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. Piper Sandler increased their price target on shares of Liberty Energy from $27.00 to $28.00 and gave the company an "overweight" rating in a report on Friday, January 26th. Finally, Morgan Stanley restated an "equal weight" rating and issued a $24.00 price objective on shares of Liberty Energy in a report on Monday, April 22nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Liberty Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.30.

Insider Activity at Liberty Energy

In other Liberty Energy news, Director William F. Kimble sold 12,459 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $21.55, for a total value of $268,491.45. Following the transaction, the director now directly owns 69,963 shares in the company, valued at $1,507,702.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Liberty Energy news, Director William F. Kimble sold 12,459 shares of the business's stock in a transaction dated Friday, March 8th. The stock was 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 owns 69,963 shares of the company's stock, valued at $1,507,702.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher A. Wright sold 20,000 shares of the firm'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 completion of the transaction, the chief executive officer now directly owns 2,830,402 shares in the company, valued at approximately $57,372,248.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 182,459 shares of company stock worth $4,025,391. 3.70% of the stock is owned by company insiders.

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.