Liberty Energy Inc. (NYSE:LBRT) Stock Holdings Reduced by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in Liberty Energy Inc. (NYSE:LBRTFree Report) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,151 shares of the company’s stock after selling 1,161 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Liberty Energy were worth $401,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. FMR LLC increased its position in shares of Liberty Energy by 17.1% during the 3rd quarter. FMR LLC now owns 18,115,282 shares of the company’s stock worth $345,821,000 after purchasing an additional 2,640,119 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Liberty Energy by 61.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company’s stock worth $60,061,000 after purchasing an additional 1,193,918 shares during the last quarter. Pacer Advisors Inc. increased its position in Liberty Energy by 15.9% during the third quarter. Pacer Advisors Inc. now owns 7,012,382 shares of the company’s stock worth $133,866,000 after buying an additional 963,068 shares during the last quarter. Canoe Financial LP boosted its holdings in shares of Liberty Energy by 20.4% during the 3rd quarter. Canoe Financial LP now owns 4,124,695 shares of the company’s stock worth $79,408,000 after buying an additional 699,500 shares during the period. Finally, Bridgewater Associates LP lifted its holdings in shares of Liberty Energy by 285.1% during the third quarter. Bridgewater Associates LP now owns 700,814 shares of the company’s stock worth $13,379,000 after buying an additional 518,830 shares in the last quarter. 98.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. TD Cowen decreased their price target on Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group assumed coverage on Liberty Energy in a research note on Friday, December 13th. They set a “neutral” rating and a $19.00 target price for the company. Seaport Res Ptn upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, January 5th. Barclays decreased their target price on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company cut their price objective on Liberty Energy from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Five analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Liberty Energy has an average rating of “Moderate Buy” and a consensus price target of $22.20.

Get Our Latest Stock Analysis on LBRT

Liberty Energy Stock Up 2.9 %

Shares of NYSE LBRT opened at $20.63 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.97. The company has a 50-day moving average price of $19.83 and a 200-day moving average price of $19.80. The stock has a market capitalization of $3.37 billion, a P/E ratio of 9.82 and a beta of 1.66. Liberty Energy Inc. has a 1 year low of $16.57 and a 1 year high of $24.75.

Liberty Energy (NYSE:LBRTGet Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%. On average, equities research analysts forecast that Liberty Energy Inc. will post 1.66 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, March 6th. This represents a $0.32 annualized dividend and a yield of 1.55%. Liberty Energy’s dividend payout ratio (DPR) is currently 15.24%.

Insider Activity at Liberty Energy

In other Liberty Energy news, CEO Christopher A. Wright sold 2,936 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $19.16, for a total value of $56,253.76. Following the completion of the transaction, the chief executive officer now owns 2,543,877 shares in the company, valued at $48,740,683.32. This represents a 0.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Stock sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $18.45, for a total value of $92,250.00. Following the sale, the chief financial officer now directly owns 720,207 shares of the company’s stock, valued at approximately $13,287,819.15. This represents a 0.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 82,973 shares of company stock valued at $1,586,335. 3.60% of the stock is owned by insiders.

Liberty Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Liberty Energy (NYSE:LBRT)

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