Stifel Financial Corp Has $2.78 Million Stock Holdings in Liberty Energy Inc. (NYSE:LBRT)

Stifel Financial Corp increased its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 33.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,849 shares of the company’s stock after buying an additional 36,573 shares during the quarter. Stifel Financial Corp owned 0.09% of Liberty Energy worth $2,784,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of LBRT. Creative Planning increased its holdings in shares of Liberty Energy by 3.7% in the 3rd quarter. Creative Planning now owns 19,456 shares of the company’s stock valued at $371,000 after purchasing an additional 703 shares during the period. Andina Capital Management LLC grew its holdings in shares of Liberty Energy by 4.4% during the 3rd quarter. Andina Capital Management LLC now owns 19,413 shares of the company’s stock valued at $371,000 after acquiring an additional 814 shares in the last quarter. Covestor Ltd raised its holdings in shares of Liberty Energy by 96.8% during the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock worth $33,000 after acquiring an additional 838 shares in the last quarter. nVerses Capital LLC boosted its position in Liberty Energy by 45.0% during the second quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock valued at $61,000 after purchasing an additional 900 shares during the last quarter. Finally, KBC Group NV grew its stake in Liberty Energy by 24.8% in the third quarter. KBC Group NV now owns 4,906 shares of the company’s stock valued at $94,000 after purchasing an additional 974 shares in the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Michael Stock sold 15,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $19.23, for a total transaction of $288,450.00. Following the completion of the sale, the chief financial officer now owns 730,207 shares in the company, valued at $14,041,880.61. This trade represents a 2.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Christopher A. Wright sold 2,037 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $18.15, for a total transaction of $36,971.55. Following the completion of the transaction, the chief executive officer now owns 2,578,813 shares in the company, valued at approximately $46,805,455.95. This trade represents a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 87,973 shares of company stock worth $1,641,235. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LBRT shares. Evercore ISI upgraded Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. Royal Bank of Canada lowered their target price on shares of Liberty Energy from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. The Goldman Sachs Group began coverage on Liberty Energy in a research report on Friday, December 13th. They issued a “neutral” rating and a $19.00 price target for the company. Atb Cap Markets raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company decreased their target price on Liberty Energy from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 18th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.50.

Liberty Energy Stock Performance

NYSE LBRT opened at $18.04 on Thursday. The company’s fifty day moving average is $18.23 and its two-hundred day moving average is $19.90. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 8.59 and a beta of 1.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.97. Liberty Energy Inc. has a 52-week low of $16.57 and a 52-week high of $24.75.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data on Wednesday, October 16th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%. Liberty Energy’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 EPS. Equities research analysts forecast that Liberty Energy Inc. will post 1.72 EPS for the current year.

Liberty Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.77%. This is an increase from Liberty Energy’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, December 6th. Liberty Energy’s dividend payout ratio (DPR) is presently 15.24%.

About Liberty Energy

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.