2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. lowered its holdings in shares of Liberty Energy Inc. ( NYSE:LBRT – Free Report ) by 17.
0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,609,917 shares of the company’s stock after selling 536,262 shares during the period. JPMorgan Chase & Co.
owned approximately 1.60% of Liberty Energy worth $51,911,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also made changes to their positions in LBRT.
Quarry LP grew its position in Liberty Energy by 237.5% during the 3rd quarter. Quarry LP now owns 1,991 shares of the company’s stock valued at $38,000 after purchasing an additional 1,401 shares during the last quarter.
Blue Trust Inc. grew its holdings in shares of Liberty Energy by 604.9% during the fourth quarter.
Blue Trust Inc. now owns 2,460 shares of the company’s stock valued at $47,000 after buying an additional 2,111 shares during the last quarter. Spire Wealth Management bought a new stake in shares of Liberty Energy during the fourth quarter valued at approximately $60,000.
Smartleaf Asset Management LLC raised its holdings in Liberty Energy by 176.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company’s stock worth $67,000 after acquiring an additional 2,184 shares during the last quarter.
Finally, Lee Danner & Bass Inc. bought a new position in Liberty Energy in the 4th quarter valued at approximately $99,000. Institutional investors own 98.
22% of the company’s stock. Analysts Set New Price Targets Several research firms recently commented on LBRT. Wells Fargo & Company dropped their price objective on Liberty Energy from $24.
00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Morgan Stanley upgraded shares of Liberty Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $20.
00 to $25.00 in a research report on Thursday, March 27th. Royal Bank of Canada lowered shares of Liberty Energy from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $24.
00 to $19.00 in a research note on Monday, March 24th. TD Cowen reduced their price objective on Liberty Energy from $18.
00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Atb Cap Markets raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th.
Five analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.
90. Liberty Energy Trading Down 16.3 % NYSE LBRT opened at $10.
98 on Friday. The stock has a market cap of $1.78 billion, a PE ratio of 5.
87 and a beta of 1.18. The company’s 50-day moving average price is $16.
47 and its 200-day moving average price is $18.32. Liberty Energy Inc.
has a 12 month low of $10.91 and a 12 month high of $24.75.
The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.
20. Liberty Energy ( NYSE:LBRT – Get Free Report ) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.
10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06).
Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%.
Equities research analysts forecast that Liberty Energy Inc. will post 0.58 earnings per share for the current year.
Liberty Energy Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.08 dividend.
The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.32 annualized dividend and a dividend yield of 2.
91%. Liberty Energy’s payout ratio is currently 17.11%.
Insider Activity at Liberty Energy In related news, CFO Michael Stock sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $17.94, for a total value of $179,400.
00. Following the completion of the transaction, the chief financial officer now owns 717,292 shares of the company’s stock, valued at $12,868,218.48.
The trade was a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website .
1.90% of the stock is currently owned by corporate insiders. Liberty Energy Company 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. Featured Stories Five stocks we like better than Liberty Energy What is the Hang Seng index? Conagra Stock Could Thrive as Tariffs Hit Other Sectors How to Evaluate a Stock Before Buying Grocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey Finds Financial Services Stocks Investing Spotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy? Receive News & Ratings for Liberty Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Energy and related companies with MarketBeat.com's FREE daily email newsletter .
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