Perigon Wealth Management LLC Sells 2,862 Shares of Liberty Energy Inc. (NYSE:LBRT)

Perigon Wealth Management LLC lessened its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 21.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,196 shares of the company’s stock after selling 2,862 shares during the period. Perigon Wealth Management LLC’s holdings in Liberty Energy were worth $203,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Liberty Energy by 17.1% during the third quarter. FMR LLC now owns 18,115,282 shares of the company’s stock valued at $345,821,000 after purchasing an additional 2,640,119 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Liberty Energy by 61.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company’s stock worth $60,061,000 after acquiring an additional 1,193,918 shares during the last quarter. Pacer Advisors Inc. increased its stake in Liberty Energy by 15.9% in the 3rd quarter. Pacer Advisors Inc. now owns 7,012,382 shares of the company’s stock valued at $133,866,000 after buying an additional 963,068 shares during the last quarter. Canoe Financial LP increased its stake in shares of Liberty Energy by 20.4% during the 3rd quarter. Canoe Financial LP now owns 4,124,695 shares of the company’s stock worth $79,408,000 after purchasing an additional 699,500 shares during the last quarter. Finally, Bridgewater Associates LP increased its stake in shares of Liberty Energy by 285.1% during the 3rd quarter. Bridgewater Associates LP now owns 700,814 shares of the company’s stock worth $13,379,000 after purchasing an additional 518,830 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Evercore ISI raised shares of Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. Seaport Res Ptn raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a 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. Barclays decreased their price objective on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus lifted their target price on shares of Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday. Five 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 a consensus target price of $22.30.

Insider Buying and Selling at Liberty Energy

In related news, CFO Michael Stock sold 5,000 shares of Liberty Energy stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $18.45, for a total value of $92,250.00. Following the completion of the transaction, the chief financial officer now owns 720,207 shares in the company, valued at approximately $13,287,819.15. This trade represents a 0.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher A. Wright sold 2,936 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $19.16, for a total value of $56,253.76. Following the transaction, the chief executive officer now owns 2,543,877 shares of the company’s stock, valued at $48,740,683.32. This trade represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,973 shares of company stock valued at $1,291,005 over the last ninety days. 3.60% of the stock is currently owned by company insiders.

Liberty Energy Trading Down 1.6 %

Shares of NYSE LBRT opened at $18.02 on Tuesday. The firm’s 50 day moving average price is $19.82 and its 200-day moving average price is $19.71. The company has a market cap of $2.94 billion, a PE ratio of 9.64 and a beta of 1.66. Liberty Energy Inc. has a 52-week low of $16.57 and a 52-week high of $24.75. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.27.

Liberty Energy (NYSE:LBRT) last announced its earnings results on Wednesday, January 29th. The company reported $0.10 EPS 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%. On average, equities research analysts expect that Liberty Energy Inc. will post 0.9 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued 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 yield of 1.78%. Liberty Energy’s dividend payout ratio is presently 17.11%.

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.