Liberty Energy Inc. (NYSE:LBRT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in shares of Liberty Energy Inc. (NYSE:LBRT) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 611,646 shares of the company’s stock after selling 9,287 shares during the period. Victory Capital Management Inc. owned about 0.37% of Liberty Energy worth $12,166,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LBRT. Harbor Capital Advisors Inc. increased its stake in Liberty Energy by 0.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 82,223 shares of the company’s stock valued at $1,635,000 after purchasing an additional 708 shares during the last quarter. Covestor Ltd increased its stake in Liberty Energy by 96.8% during the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after purchasing an additional 838 shares during the last quarter. KBC Group NV increased its stake in Liberty Energy by 24.8% during 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 during the last quarter. Prospera Financial Services Inc increased its stake in Liberty Energy by 7.3% during the third quarter. Prospera Financial Services Inc now owns 16,047 shares of the company’s stock valued at $306,000 after purchasing an additional 1,091 shares during the last quarter. Finally, Empirical Finance LLC increased its stake in Liberty Energy by 2.2% during the fourth quarter. Empirical Finance LLC now owns 54,149 shares of the company’s stock valued at $1,077,000 after purchasing an additional 1,185 shares during the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Liberty Energy

In other news, CFO Michael Stock sold 5,000 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $19.51, for a total value of $97,550.00. Following the completion of the sale, the chief financial officer now directly owns 700,207 shares of the company’s stock, valued at approximately $13,661,038.57. This represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 40,000 shares of company stock worth $808,350 over the last 90 days. Insiders own 3.60% of the company’s stock.

Liberty Energy Price Performance

Shares of NYSE LBRT opened at $14.10 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. Liberty Energy Inc. has a twelve month low of $13.85 and a twelve month high of $24.75. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 7.54 and a beta of 1.58. The firm has a 50-day moving average of $18.88 and a two-hundred day moving average of $18.90.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. As a group, analysts expect that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.08 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a yield of 2.27%. Liberty Energy’s dividend payout ratio is currently 17.11%.

Analysts Set New Price Targets

LBRT has been the subject of several recent research reports. TD Cowen lowered their price target on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Seaport Res Ptn upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, January 5th. Atb Cap Markets upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Citigroup upped their price target on shares of Liberty Energy from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group started coverage on shares of Liberty Energy in a research report on Friday, December 13th. They set a “neutral” rating and a $19.00 price target for the company. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.30.

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.