3,450 Shares in Liberty Energy Inc. (NYSE:LBRT) Acquired by C M Bidwell & Associates Ltd.

C M Bidwell & Associates Ltd. acquired a new position in shares of Liberty Energy Inc. (NYSE:LBRT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,450 shares of the company’s stock, valued at approximately $63,000.

A number of other institutional investors also recently bought and sold shares of the company. TFO Wealth Partners LLC lifted its holdings in shares of Liberty Energy by 142,342.9% in the fourth quarter. TFO Wealth Partners LLC now owns 9,971 shares of the company’s stock valued at $181,000 after purchasing an additional 9,964 shares in the last quarter. TD Asset Management Inc increased its position in Liberty Energy by 68.8% during the fourth quarter. TD Asset Management Inc now owns 271,788 shares of the company’s stock worth $4,930,000 after buying an additional 110,800 shares in the last quarter. United Services Automobile Association purchased a new position in Liberty Energy during the fourth quarter worth $201,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Liberty Energy in the fourth quarter valued at $1,795,000. Finally, Norges Bank purchased a new stake in shares of Liberty Energy in the fourth quarter valued at $13,877,000. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, President Ron Gusek sold 50,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $22.99, for a total value of $1,149,500.00. Following the transaction, the president now owns 1,213,259 shares of the company’s stock, valued at approximately $27,892,824.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $20.27, for a total value of $405,400.00. Following the completion of the sale, the chief executive officer now owns 2,830,402 shares of the company’s stock, valued at $57,372,248.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Ron Gusek sold 50,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $22.99, for a total transaction of $1,149,500.00. Following the transaction, the president now directly owns 1,213,259 shares in the company, valued at $27,892,824.41. The disclosure for this sale can be found here. Insiders sold a total of 196,000 shares of company stock worth $4,386,300 over the last ninety days. 3.70% of the stock is owned by company insiders.

Liberty Energy Trading Up 1.0 %

Shares of LBRT opened at $23.02 on Thursday. The stock’s fifty day simple moving average is $22.75 and its 200 day simple moving average is $20.65. Liberty Energy Inc. has a twelve month low of $12.38 and a twelve month high of $24.75. The company has a current ratio of 1.48, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $3.84 billion, a P/E ratio of 8.40, a price-to-earnings-growth ratio of 1.17 and a beta of 1.82.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings data on Thursday, April 18th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the business earned $0.90 earnings per share. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. On average, equities research analysts forecast that Liberty Energy Inc. will post 2.52 earnings per share for the current year.

Liberty Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.28 dividend on an annualized basis and a yield of 1.22%. Liberty Energy’s dividend payout ratio (DPR) is 10.22%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Liberty Energy from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. TD Cowen boosted their price objective on shares of Liberty Energy from $19.00 to $21.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Barclays raised their target price on shares of Liberty Energy from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Morgan Stanley reiterated an “equal weight” rating and issued a $24.00 price target on shares of Liberty Energy in a report on Monday, April 22nd. Finally, Bank of America increased their price target on Liberty Energy from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Liberty Energy presently has an average rating of “Moderate Buy” and a consensus price target of $25.50.

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.