Liberty Energy Inc. (NYSE:LBRT) Shares Bought by Xponance Inc.

Xponance Inc. lifted its stake in shares of Liberty Energy Inc. (NYSE:LBRT) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,263 shares of the company’s stock after buying an additional 733 shares during the quarter. Xponance Inc.’s holdings in Liberty Energy were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Liberty Energy by 61.2% during 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 in the last quarter. Impala Asset Management LLC grew its stake in 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 purchasing an additional 165,000 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Liberty Energy by 8.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,237,247 shares of the company’s stock valued at $42,709,000 after buying an additional 166,443 shares in the last quarter. Harbour Capital Advisors LLC acquired a new stake in Liberty Energy during the fourth quarter valued at approximately $498,000. Finally, Intech Investment Management LLC bought a new position in Liberty Energy during the 3rd quarter worth approximately $904,000. Institutional investors own 98.22% of the company’s stock.

Insider Buying and Selling

In other news, CFO Michael Stock sold 5,000 shares of Liberty Energy stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $19.51, for a total value of $97,550.00. Following the transaction, the chief financial officer now directly owns 700,207 shares of the company’s stock, valued at $13,661,038.57. This trade represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders have sold 40,000 shares of company stock valued at $808,350. 1.90% of the stock is owned by corporate insiders.

Liberty Energy Price Performance

Shares of Liberty Energy stock opened at $15.78 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. The company’s 50-day moving average price is $17.28 and its two-hundred day moving average price is $18.49. Liberty Energy Inc. has a 52 week low of $13.86 and a 52 week high of $24.75. The stock has a market cap of $2.55 billion, a PE ratio of 8.44 and a beta of 1.58.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data 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 return on equity of 14.28% and a net margin of 7.32%. As a group, sell-side analysts anticipate that Liberty Energy Inc. will post 0.58 EPS for the current fiscal 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 given a $0.08 dividend. The ex-dividend date was Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.03%. Liberty Energy’s dividend payout ratio (DPR) is 17.11%.

Analysts Set New Price Targets

Several research firms recently issued reports on LBRT. Atb Cap Markets raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Citigroup raised 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. Wells Fargo & Company lowered their price objective 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 raised their target price on shares of Liberty Energy from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Seaport Res Ptn raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.90.

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.