10,250 Shares in Liberty Energy Inc. (NYSE:LBRT) Bought by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. acquired a new stake in Liberty Energy Inc. (NYSE:LBRTFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,250 shares of the company’s stock, valued at approximately $190,000.

A number of other hedge funds also recently modified their holdings of the stock. Macquarie Group Ltd. boosted its stake in Liberty Energy by 181.5% in the 1st quarter. Macquarie Group Ltd. now owns 8,085,410 shares of the company’s stock valued at $103,574,000 after purchasing an additional 5,213,132 shares during the period. BlackRock Inc. boosted its position in shares of 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. grew its stake in shares of 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 in the last quarter. Eagle Asset Management Inc. acquired a new position in shares of Liberty Energy in the fourth quarter valued at about $36,326,000. Finally, Dimensional Fund Advisors LP increased its position in Liberty Energy by 47.3% during the first quarter. Dimensional Fund Advisors LP now owns 7,528,916 shares of the company’s stock worth $96,444,000 after acquiring an additional 2,417,129 shares during the period. Institutional investors and hedge funds own 91.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LBRT. Morgan Stanley increased their target price on shares of Liberty Energy from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. The Goldman Sachs Group raised their price objective on Liberty Energy from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, October 23rd. Wells Fargo & Company dropped their price objective on Liberty Energy from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, December 21st. Piper Sandler increased their target price on Liberty Energy from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Finally, Citigroup dropped their price target on Liberty Energy from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, December 14th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.75.

Check Out Our Latest Research Report on LBRT

Insider Buying and Selling at Liberty Energy

In other news, CEO Christopher A. Wright sold 25,126 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $19.31, for a total transaction of $485,183.06. Following the completion of the transaction, the chief executive officer now directly owns 2,864,271 shares in the company, valued at $55,309,073.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider R Sean Elliott sold 20,000 shares of the firm’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 $410,000.00. Following the completion of the transaction, the insider now owns 218,530 shares in the company, valued at approximately $4,479,865. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Christopher A. Wright sold 25,126 shares of Liberty Energy stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $19.31, for a total transaction of $485,183.06. Following the sale, the chief executive officer now owns 2,864,271 shares in the company, valued at $55,309,073.01. The disclosure for this sale can be found here. Insiders have sold 54,611 shares of company stock worth $1,082,751 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

Liberty Energy Price Performance

Liberty Energy stock opened at $19.54 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.17 and a current ratio of 1.49. Liberty Energy Inc. has a 52 week low of $11.18 and a 52 week high of $21.72. The stock has a market capitalization of $3.29 billion, a P/E ratio of 6.18, a price-to-earnings-growth ratio of 0.90 and a beta of 1.88. The stock has a fifty day moving average of $18.47 and a 200-day moving average of $18.24.

Liberty Energy (NYSE:LBRTGet Free Report) last released its earnings results on Wednesday, January 24th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. Liberty Energy had a net margin of 11.72% and a return on equity of 32.28%. The business’s revenue was down 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 EPS. On average, sell-side analysts expect that Liberty Energy Inc. will post 2.78 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Tuesday, March 5th. Liberty Energy’s payout ratio is 8.86%.

Liberty Energy Company 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, data analytics, related goods, and technologies; and other services comprising design and pump diagnostic fracture injection test, DFIT and mini-frac analysis, and laboratory services, such as fluid rheology, surfactant, clay control, scaling and biocide testing.

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Institutional Ownership by Quarter for Liberty Energy (NYSE:LBRT)

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