20,685 Shares in Liberty Energy Inc. (NYSE:LBRT) Acquired by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in shares of Liberty Energy Inc. (NYSE:LBRT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,685 shares of the company’s stock, valued at approximately $411,000.

Other large investors have also recently bought and sold shares of the company. Covestor Ltd raised its position in shares of Liberty Energy by 96.8% during the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock worth $33,000 after purchasing an additional 838 shares during the period. Quarry LP increased its stake in Liberty Energy by 237.5% during the 3rd quarter. Quarry LP now owns 1,991 shares of the company’s stock worth $38,000 after purchasing an additional 1,401 shares in the last quarter. Blue Trust Inc. increased its stake in Liberty Energy by 604.9% during the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the company’s stock worth $47,000 after purchasing an additional 2,111 shares in the last quarter. Spire Wealth Management acquired a new stake in Liberty Energy during the 4th quarter worth approximately $60,000. Finally, US Bancorp DE lifted its stake in Liberty Energy by 93.2% in the third quarter. US Bancorp DE now owns 4,180 shares of the company’s stock valued at $80,000 after buying an additional 2,016 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Wall Street Analysts Forecast Growth

LBRT has been the subject of several research reports. Royal Bank of Canada lowered their price objective on shares of Liberty Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Seaport Res Ptn upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th. The Goldman Sachs Group began coverage on Liberty Energy in a research note on Friday, December 13th. They issued a “neutral” rating and a $19.00 price target on the stock. TD Cowen reduced their price objective on Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Atb Cap Markets raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.30.

Insider Buying and Selling at Liberty Energy

In related news, CFO Michael Stock sold 5,000 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $19.51, for a total transaction of $97,550.00. Following the sale, the chief financial officer now owns 700,207 shares in the company, valued at approximately $13,661,038.57. This trade represents a 0.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Christopher A. Wright sold 16,000 shares of Liberty Energy stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $18.23, for a total transaction of $291,680.00. Following the completion of the transaction, the chief executive officer now directly owns 2,562,813 shares in the company, valued at $46,720,080.99. This trade represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,936 shares of company stock valued at $1,341,184 in the last three months. Corporate insiders own 3.70% of the company’s stock.

Liberty Energy Stock Up 0.9 %

LBRT stock opened at $17.37 on Friday. Liberty Energy Inc. has a fifty-two week low of $16.57 and a fifty-two week 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 stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 9.29 and a beta of 1.63. The business’s fifty day moving average price is $19.55 and its two-hundred day moving average price is $19.24.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.10 earnings per share 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%. On average, equities analysts anticipate that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a yield of 1.84%. Liberty Energy’s dividend payout ratio (DPR) is presently 17.11%.

About Liberty Energy

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.