Liberty Energy Inc. (NYSE:LBRT) Stock Position Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in Liberty Energy Inc. (NYSE:LBRT) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 637,995 shares of the company’s stock after acquiring an additional 42,271 shares during the period. Envestnet Asset Management Inc. owned about 0.39% of Liberty Energy worth $12,690,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. HighTower Advisors LLC lifted its holdings in shares of Liberty Energy by 70.2% in the 3rd quarter. HighTower Advisors LLC now owns 25,115 shares of the company’s stock worth $475,000 after purchasing an additional 10,362 shares during the last quarter. Stifel Financial Corp lifted its stake in Liberty Energy by 33.5% in the third quarter. Stifel Financial Corp now owns 145,849 shares of the company’s stock valued at $2,784,000 after buying an additional 36,573 shares during the last quarter. Barclays PLC boosted its holdings in shares of Liberty Energy by 197.9% during the third quarter. Barclays PLC now owns 286,661 shares of the company’s stock valued at $5,471,000 after acquiring an additional 190,445 shares during the period. Geode Capital Management LLC grew its position in shares of Liberty Energy by 5.8% during the third quarter. Geode Capital Management LLC now owns 3,779,906 shares of the company’s stock worth $72,173,000 after acquiring an additional 207,527 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in shares of Liberty Energy by 11.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 31,077 shares of the company’s stock worth $590,000 after acquiring an additional 3,160 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Liberty Energy

In related news, CFO Michael Stock sold 10,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $17.94, for a total value of $179,400.00. Following the transaction, the chief financial officer now owns 717,292 shares in the company, valued at approximately $12,868,218.48. This represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on LBRT. The Goldman Sachs Group decreased their target price on shares of Liberty Energy from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company reiterated an “equal weight” rating and set a $11.00 price target (down previously from $20.00) on shares of Liberty Energy in a research report on Tuesday, April 8th. Royal Bank of Canada downgraded shares of Liberty Energy from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $24.00 to $19.00 in a report on Monday, March 24th. Seaport Res Ptn raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Sunday, January 5th. Finally, Stifel Nicolaus lowered their price objective on shares of Liberty Energy from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.40.

Liberty Energy Stock Performance

Shares of LBRT opened at $12.05 on Friday. The company has a 50-day moving average of $14.92 and a two-hundred day moving average of $17.69. Liberty Energy Inc. has a one year low of $9.50 and a one year 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 cap of $1.95 billion, a price-to-earnings ratio of 6.44 and a beta of 1.18.

Liberty Energy (NYSE:LBRT) last issued 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 return on equity of 14.28% and a net margin of 7.32%. During the same quarter in the previous year, the company posted $0.48 earnings per share. On average, equities research analysts expect that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.32 dividend on an annualized basis and a yield of 2.66%. Liberty Energy’s payout ratio is 17.11%.

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.