6 days Ago By ABMN Staff
Alliancebernstein L.P. lessened its stake in Liberty Energy Inc.
( NYSE:LBRT – Free Report ) by 1.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 194,443 shares of the company’s stock after selling 3,604 shares during the quarter.
Alliancebernstein L.P.’s holdings in Liberty Energy were worth $3,867,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in Liberty Energy by 61.
2% during the third quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company’s stock valued at $60,061,000 after purchasing an additional 1,193,918 shares during the period.
American Century Companies Inc. boosted its holdings in shares of Liberty Energy by 10.8% in the fourth quarter.
American Century Companies Inc. now owns 5,178,089 shares of the company’s stock valued at $102,992,000 after purchasing an additional 505,634 shares during the period. Norges Bank purchased a new stake in Liberty Energy in the fourth quarter worth about $8,140,000.
Raymond James Financial Inc. purchased a new stake in shares of Liberty Energy during the fourth quarter valued at about $6,792,000. Finally, Royce & Associates LP increased its position in Liberty Energy by 543.
3% during the 4th quarter. Royce & Associates LP now owns 307,855 shares of the company’s stock valued at $6,123,000 after buying an additional 260,000 shares in the last quarter. Institutional investors own 98.
22% of the company’s stock. Analyst Ratings Changes A number of analysts have recently weighed in on LBRT shares. Citigroup increased their price objective on shares of Liberty Energy from $19.
00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Royal Bank of Canada lowered shares of Liberty Energy from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $24.
00 to $19.00 in a report on Monday, March 24th. 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 research report on Tuesday, April 8th. The Goldman Sachs Group cut their price objective on shares of Liberty Energy from $19.
00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Finally, Seaport Res Ptn raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th.
Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Liberty Energy presently has an average rating of “Moderate Buy” and an average price target of $19.60.
Liberty Energy Stock Performance NYSE:LBRT opened at $11.21 on Tuesday. The firm has a 50 day simple moving average of $15.
16 and a 200-day simple moving average of $17.77. 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 firm has a market cap of $1.82 billion, a PE ratio of 5.99 and a beta of 1.
18. Liberty Energy Inc. has a 1-year low of $9.
50 and a 1-year high of $24.75. Liberty Energy ( NYSE:LBRT – Get Free Report ) last announced its quarterly earnings results on Wednesday, January 29th.
The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.
06). Liberty Energy had a return on equity of 14.28% and a net margin of 7.
32%. On average, equities analysts expect that Liberty Energy Inc. will post 0.
58 EPS for the current year. Liberty Energy Announces Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.
08 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.
32 dividend on an annualized basis and a dividend yield of 2.85%. Liberty Energy’s dividend payout ratio (DPR) is currently 17.
11%. Insider Transactions at Liberty Energy In other news, CFO Michael Stock sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $23.
00, for a total transaction of $115,000.00. Following the completion of the transaction, the chief financial officer now directly owns 675,207 shares in the company, valued at approximately $15,529,761.
This represents a 0.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink .
Corporate insiders own 1.90% of the company’s stock. About Liberty Energy ( 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. Read More Want to see what other hedge funds are holding LBRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Energy Inc.
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