Bank of Montreal Can Has $2.23 Million Stock Holdings in Liberty Energy Inc. (NYSE:LBRT)

Bank of Montreal Can increased its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 365.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 112,241 shares of the company’s stock after acquiring an additional 88,115 shares during the period. Bank of Montreal Can owned about 0.07% of Liberty Energy worth $2,232,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Blue Trust Inc. boosted its position in Liberty Energy by 604.9% in the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the company’s stock valued at $47,000 after buying an additional 2,111 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Liberty Energy by 257.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company’s stock worth $47,000 after acquiring an additional 1,583 shares in the last quarter. Spire Wealth Management bought a new stake in Liberty Energy during the 4th quarter worth approximately $60,000. Smartleaf Asset Management LLC increased its holdings in Liberty Energy by 176.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company’s stock valued at $67,000 after purchasing an additional 2,184 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in Liberty Energy in the 4th quarter valued at $99,000. Institutional investors own 98.22% of the company’s stock.

Liberty Energy Trading Up 0.5 %

NYSE:LBRT opened at $11.45 on Thursday. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. Liberty Energy Inc. has a 1-year low of $9.50 and a 1-year high of $24.75. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 6.12 and a beta of 1.18. The business’s 50-day moving average price is $15.04 and its two-hundred day moving average price is $17.73.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $977.46 million for the quarter, compared to the consensus estimate of $960.64 million. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. During the same period last year, the company posted $0.48 EPS. On average, equities analysts expect that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, June 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 Liberty Energy stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.94, for a total transaction of $179,400.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on LBRT shares. Seaport Res Ptn upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th. Morgan Stanley raised shares of Liberty Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $20.00 to $25.00 in a report on Thursday, March 27th. The Goldman Sachs Group reduced their target price on shares of Liberty Energy from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. TD Cowen lowered 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, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $11.00 price objective (down previously from $20.00) on shares of Liberty Energy in a report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Liberty Energy presently has a consensus rating of “Moderate Buy” and an average price target of $19.40.

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.