Goldman Sachs Group Inc. grew its stake in shares of Liberty Energy Inc. (NYSE:LBRT – Free Report) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,534,643 shares of the company’s stock after acquiring an additional 1,767 shares during the quarter. Goldman Sachs Group Inc. owned about 0.92% of Liberty Energy worth $27,838,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in LBRT. Jackson Creek Investment Advisors LLC purchased a new position in shares of Liberty Energy in the fourth quarter worth approximately $800,000. International Assets Investment Management LLC boosted its holdings in shares of Liberty Energy by 1,777.4% in the fourth quarter. International Assets Investment Management LLC now owns 233,280 shares of the company’s stock worth $4,232,000 after buying an additional 220,854 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Liberty Energy by 12.4% in the third quarter. American Century Companies Inc. now owns 2,241,076 shares of the company’s stock worth $41,505,000 after buying an additional 247,074 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Liberty Energy by 522.2% in the fourth quarter. LSV Asset Management now owns 897,180 shares of the company’s stock worth $16,275,000 after buying an additional 752,980 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC purchased a new position in shares of Liberty Energy in the fourth quarter worth approximately $3,532,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.
Liberty Energy Trading Down 1.5 %
Liberty Energy stock opened at $20.01 on Monday. The stock has a market cap of $3.33 billion, a P/E ratio of 7.30, a PEG ratio of 1.03 and a beta of 1.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.48 and a quick ratio of 1.16. Liberty Energy Inc. has a 1 year low of $12.38 and a 1 year high of $24.75. The firm’s 50 day moving average price is $22.48 and its 200-day moving average price is $20.71.
Liberty Energy (NYSE:LBRT – Get Free Report) last announced its quarterly earnings results on Thursday, April 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm posted $0.90 EPS. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. On average, equities analysts predict that Liberty Energy Inc. will post 2.52 earnings per share for the current fiscal year.
Liberty Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.40%. The ex-dividend date was Thursday, June 6th. Liberty Energy’s dividend payout ratio is presently 10.22%.
Insider Buying and Selling
In related news, CEO Christopher A. Wright sold 20,000 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $22.66, for a total value of $453,200.00. Following the sale, the chief executive officer now owns 2,858,814 shares in the company, valued at $64,780,725.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Liberty Energy news, CAO Ryan T. Gosney sold 2,000 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $23.50, for a total transaction of $47,000.00. Following the transaction, the chief accounting officer now owns 170,882 shares in the company, valued at $4,015,727. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher A. Wright sold 20,000 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $22.66, for a total transaction of $453,200.00. Following the transaction, the chief executive officer now owns 2,858,814 shares in the company, valued at approximately $64,780,725.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 176,000 shares of company stock worth $3,980,900. Insiders own 3.60% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have weighed in on LBRT. Barclays lifted their price target on shares of Liberty Energy from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Bank of America lifted their price target on shares of Liberty Energy from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $24.00 price target on shares of Liberty Energy in a report on Monday, April 22nd. Royal Bank of Canada lifted their price target on shares of Liberty Energy from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, April 19th. Finally, Wells Fargo & Company lifted their price target on shares of Liberty Energy from $24.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.50.
View Our Latest Report on LBRT
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.
See Also
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Source: defenseworld.net
