Liberty Energy Inc. (NYSE:LBRT) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its holdings in Liberty Energy Inc. (NYSE:LBRT) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 213,670 shares of the company’s stock after selling 10,043 shares during the quarter. Sei Investments Co. owned about 0.13% of Liberty Energy worth $4,250,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in Liberty Energy by 61.2% in the third quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company’s stock valued at $60,061,000 after purchasing an additional 1,193,918 shares during the last quarter. Impala Asset Management LLC boosted its stake in shares of Liberty Energy by 89.2% in the third quarter. Impala Asset Management LLC now owns 350,000 shares of the company’s stock worth $6,682,000 after buying an additional 165,000 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Liberty Energy in the fourth quarter worth about $498,000. Principal Financial Group Inc. grew its holdings in Liberty Energy by 2.8% during the fourth quarter. Principal Financial Group Inc. now owns 897,040 shares of the company’s stock worth $17,842,000 after acquiring an additional 24,825 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Liberty Energy in the fourth quarter valued at approximately $6,792,000. 98.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LBRT shares. Stifel Nicolaus raised their target price on Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Royal Bank of Canada cut Liberty Energy from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $24.00 to $19.00 in a research report on Monday, March 24th. Wells Fargo & Company decreased their target price on Liberty Energy from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. TD Cowen cut their price target on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, Seaport Res Ptn raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.90.

Liberty Energy Trading Up 1.5 %

NYSE LBRT opened at $16.09 on Thursday. The company has a market cap of $2.61 billion, a P/E ratio of 8.60 and a beta of 1.58. Liberty Energy Inc. has a 12 month low of $13.86 and a 12 month high of $24.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97. The company has a 50-day moving average of $16.88 and a 200-day moving average of $18.42.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share (EPS) 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%. As a group, equities analysts predict that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Thursday, March 6th. Liberty Energy’s dividend payout ratio (DPR) is 17.11%.

Insider Activity at Liberty Energy

In other news, CFO Michael Stock sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $17.94, for a total transaction of $179,400.00. Following the sale, the chief financial officer now owns 717,292 shares in the company, valued at $12,868,218.48. The trade was a 1.37 % 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 the SEC website. Insiders own 1.90% 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.