Wellington Management Group LLP Sells 26,059 Shares of Liberty Energy Inc. (NYSE:LBRT)

Wellington Management Group LLP reduced its stake in Liberty Energy Inc. (NYSE:LBRT) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 738,962 shares of the company’s stock after selling 26,059 shares during the period. Wellington Management Group LLP’s holdings in Liberty Energy were worth $13,405,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Jackson Creek Investment Advisors LLC bought a new stake in Liberty Energy in the 4th quarter valued at $800,000. International Assets Investment Management LLC increased its holdings in Liberty Energy by 1,777.4% in the 4th quarter. International Assets Investment Management LLC now owns 233,280 shares of the company’s stock valued at $4,232,000 after acquiring an additional 220,854 shares during the last quarter. American Century Companies Inc. increased its holdings in Liberty Energy by 12.4% in the 3rd quarter. American Century Companies Inc. now owns 2,241,076 shares of the company’s stock valued at $41,505,000 after acquiring an additional 247,074 shares during the last quarter. LSV Asset Management increased its holdings in Liberty Energy by 522.2% in the 4th quarter. LSV Asset Management now owns 897,180 shares of the company’s stock valued at $16,275,000 after acquiring an additional 752,980 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC purchased a new position in shares of Liberty Energy in the 4th quarter worth $3,532,000. 98.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Liberty Energy

In other Liberty Energy news, President Ron Gusek sold 50,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the president now directly owns 1,213,259 shares of the company’s stock, valued at approximately $27,892,824.41. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Michael Stock sold 20,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $20.87, for a total value of $417,400.00. Following the completion of the sale, the chief financial officer now owns 806,056 shares in the company, valued at approximately $16,822,388.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Ron Gusek sold 50,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $22.99, for a total transaction of $1,149,500.00. Following the completion of the sale, the president now owns 1,213,259 shares of the company’s stock, valued at approximately $27,892,824.41. The disclosure for this sale can be found here. Insiders sold a total of 176,000 shares of company stock valued at $3,980,900 in the last three months. Company insiders own 3.70% of the company’s stock.

Liberty Energy Price Performance

LBRT stock opened at $20.22 on Thursday. Liberty Energy Inc. has a 12 month low of $12.57 and a 12 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 company has a 50-day moving average price of $22.40 and a 200 day moving average price of $20.75. The stock has a market cap of $3.37 billion, a PE ratio of 7.38, a P/E/G ratio of 1.04 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Liberty Energy had a net margin of 10.43% and a return on equity of 26.46%. Liberty Energy’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period last year, the firm earned $0.90 earnings per share. Equities research analysts anticipate that Liberty Energy Inc. will post 2.52 earnings per share for the current year.

Liberty Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.28 annualized dividend and a yield of 1.38%. Liberty Energy’s dividend payout ratio (DPR) is 10.22%.

Analysts Set New Price Targets

LBRT has been the subject of a number of recent research reports. Barclays lifted their price objective on shares of Liberty Energy from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Morgan Stanley reissued an “equal weight” rating and issued a $24.00 price objective on shares of Liberty Energy in a research note on Monday, April 22nd. Citigroup raised shares of Liberty Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $24.00 to $32.00 in a research note on Wednesday, May 29th. Bank of America lifted their price objective on shares of Liberty Energy from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Finally, Royal Bank of Canada lifted their price objective on shares of Liberty Energy from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.