1 week Ago By ABMN Staff
Norges Bank acquired a new position in Liberty Energy Inc. ( NYSE:LBRT – Free Report ) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 409,234 shares of the company’s stock, valued at approximately $8,140,000.
Norges Bank owned 0.25% of Liberty Energy as of its most recent filing with the SEC. Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company.
Harbor Capital Advisors Inc. grew its holdings in shares of Liberty Energy by 0.9% during the fourth quarter.
Harbor Capital Advisors Inc. now owns 82,223 shares of the company’s stock valued at $1,635,000 after buying an additional 708 shares in the last quarter. Xponance Inc.
grew its stake in Liberty Energy by 7.0% during the 4th quarter. Xponance Inc.
now owns 11,263 shares of the company’s stock valued at $224,000 after acquiring an additional 733 shares in the last quarter. Empirical Finance LLC grew its stake in Liberty Energy by 2.2% during the 4th quarter.
Empirical Finance LLC now owns 54,149 shares of the company’s stock valued at $1,077,000 after acquiring an additional 1,185 shares in the last quarter. Quarry LP increased its holdings in shares of Liberty Energy by 237.5% in 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 period. Finally, Park Avenue Securities LLC lifted its position in shares of Liberty Energy by 5.0% in the fourth quarter.
Park Avenue Securities LLC now owns 29,700 shares of the company’s stock worth $591,000 after purchasing an additional 1,423 shares in the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes LBRT has been the topic of a number of research analyst reports. TD Cowen lowered their price objective on shares of Liberty Energy from $18.00 to $16.
00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $11.00 price target (down from $20.
00) on shares of Liberty Energy in a research note on Tuesday. Royal Bank of Canada cut Liberty Energy from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $24.00 to $19.
00 in a research report on Monday, March 24th. Citigroup upped their target price on Liberty Energy from $19.00 to $22.
00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus raised their price target on Liberty Energy from $23.00 to $25.
00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.
com, Liberty Energy currently has an average rating of “Moderate Buy” and a consensus price target of $20.80. Insider Buying and Selling at Liberty Energy In related news, CFO Michael Stock sold 10,000 shares of the company’s stock in a transaction dated Monday, February 3rd.
The stock was sold at an average price of $17.94, for a total transaction of $179,400.00.
Following the sale, the chief financial officer now owns 717,292 shares in the company, valued at approximately $12,868,218.48. This represents a 1.
37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . Company insiders own 1.
90% of the company’s stock. Liberty Energy Stock Performance Shares of LBRT opened at $9.97 on Wednesday.
The firm’s 50 day moving average price is $15.86 and its two-hundred day moving average price is $18.08.
The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.
27. Liberty Energy Inc. has a twelve month low of $9.
71 and a twelve month high of $24.75. The firm has a market cap of $1.
61 billion, a P/E ratio of 5.33 and a beta of 1.18.
Liberty Energy ( NYSE:LBRT – Get Free Report ) last announced its earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates 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, analysts forecast that Liberty Energy Inc.
will post 0.58 EPS for the current fiscal year. Liberty Energy Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th.
Investors of record on Thursday, March 6th were given a $0.08 dividend. This represents a $0.
32 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Thursday, March 6th.
Liberty Energy’s dividend payout ratio is presently 17.11%. 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.
( NYSE:LBRT – Free Report ). 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 .
.
