Caprock Group LLC Trims Holdings in Liberty Energy Inc. (NYSE:LBRT)

Caprock Group LLC lowered its position in shares of Liberty Energy Inc. (NYSE:LBRT) by 34.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,456 shares of the company’s stock after selling 7,215 shares during the quarter. Caprock Group LLC’s holdings in Liberty Energy were worth $268,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Empowered Funds LLC raised its position in shares of Liberty Energy by 45.1% during the 3rd quarter. Empowered Funds LLC now owns 495,578 shares of the company’s stock valued at $9,461,000 after purchasing an additional 154,070 shares during the period. JPMorgan Chase & Co. raised its holdings in Liberty Energy by 61.2% during the third quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company’s stock valued at $60,061,000 after acquiring an additional 1,193,918 shares during the period. Principal Financial Group Inc. lifted its position in shares of Liberty Energy by 4.5% in the third quarter. Principal Financial Group Inc. now owns 872,215 shares of the company’s stock valued at $16,651,000 after acquiring an additional 37,927 shares in the last quarter. Quest Partners LLC boosted its stake in shares of Liberty Energy by 168.2% in the third quarter. Quest Partners LLC now owns 62,979 shares of the company’s stock worth $1,202,000 after acquiring an additional 39,497 shares during the period. Finally, Impala Asset Management LLC grew its position in shares of Liberty Energy by 89.2% during the third quarter. Impala Asset Management LLC now owns 350,000 shares of the company’s stock worth $6,682,000 after purchasing an additional 165,000 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.

Liberty Energy Price Performance

NYSE:LBRT opened at $17.51 on Friday. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 9.36 and a beta of 1.63. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.27 and a quick ratio of 0.97. The business has a 50 day simple moving average of $19.80 and a 200-day simple moving average of $19.67. Liberty Energy Inc. has a 1 year low of $16.57 and a 1 year high of $24.75.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.06). Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. Equities analysts forecast that Liberty Energy Inc. will post 0.9 EPS for the current year.

Liberty Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.83%. Liberty Energy’s dividend payout ratio is presently 17.11%.

Analyst Ratings Changes

A number of research analysts recently commented on LBRT shares. Evercore ISI raised Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. Wells Fargo & Company dropped their target price on shares of Liberty Energy from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Stifel Nicolaus lifted their price target on shares of Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, January 31st. Atb Cap Markets raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group started coverage on Liberty Energy in a research report on Friday, December 13th. They set a “neutral” rating and a $19.00 price objective for the company. Five analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Liberty Energy presently has a consensus rating of “Moderate Buy” and an average price target of $22.30.

Insider Activity at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $18.49, for a total value of $184,900.00. Following the transaction, the chief financial officer now owns 705,207 shares of the company’s stock, valued at $13,039,277.43. This represents a 1.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Christopher A. Wright sold 16,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $18.23, for a total value of $291,680.00. Following the completion of the sale, the chief executive officer now owns 2,562,813 shares in the company, valued at approximately $46,720,080.99. The trade was a 0.62 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,936 shares of company stock worth $1,341,184. Insiders own 3.70% of the company’s stock.

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.