Blue Trust Inc. Purchases 2,111 Shares of Liberty Energy Inc. (NYSE:LBRT)

Blue Trust Inc. lifted its position in shares of Liberty Energy Inc. (NYSE:LBRT) by 604.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,460 shares of the company’s stock after purchasing an additional 2,111 shares during the quarter. Blue Trust Inc.’s holdings in Liberty Energy were worth $47,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd boosted its position in shares of Liberty Energy by 96.8% during the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock worth $33,000 after purchasing an additional 838 shares in the last quarter. Quarry LP lifted its position in 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 acquiring an additional 1,401 shares in the last quarter. GAMMA Investing LLC lifted its position in Liberty Energy by 82.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,174 shares of the company’s stock valued at $61,000 after acquiring an additional 1,431 shares in the last quarter. US Bancorp DE lifted its position in Liberty Energy by 93.2% in the 3rd quarter. US Bancorp DE now owns 4,180 shares of the company’s stock valued at $80,000 after acquiring an additional 2,016 shares in the last quarter. Finally, KBC Group NV lifted its position in Liberty Energy by 24.8% in the 3rd quarter. KBC Group NV now owns 4,906 shares of the company’s stock valued at $94,000 after acquiring an additional 974 shares in the last quarter. 98.22% of the stock is owned by institutional investors.

Insider Buying and Selling at Liberty Energy

In other news, CFO Michael Stock sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $20.82, for a total transaction of $416,400.00. Following the completion of the sale, the chief financial officer now owns 680,207 shares of the company’s stock, valued at approximately $14,161,909.74. This represents a 2.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher A. Wright sold 2,936 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $19.16, for a total transaction of $56,253.76. Following the sale, the chief executive officer now directly owns 2,543,877 shares of the company’s stock, valued at approximately $48,740,683.32. This trade represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,936 shares of company stock valued at $1,341,184 in the last quarter. Company insiders own 3.60% of the company’s stock.

Liberty Energy Stock Down 2.3 %

Shares of LBRT opened at $17.09 on Monday. Liberty Energy Inc. has a 52 week low of $16.57 and a 52 week high of $24.75. The firm has a market cap of $2.79 billion, a P/E ratio of 9.14 and a beta of 1.63. The firm’s 50-day simple moving average is $19.76 and its 200 day simple moving average is $19.60. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.27.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings results 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 net margin of 7.32% and a return on equity of 14.28%. On average, analysts forecast that Liberty Energy Inc. will post 0.62 earnings per share for the current year.

Liberty Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Thursday, March 6th. Liberty Energy’s dividend payout ratio is currently 17.11%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Barclays cut their price objective on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Citigroup boosted their price objective on shares of Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Royal Bank of Canada cut their price objective on shares of Liberty Energy from $26.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. TD Cowen cut their price target 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. Finally, Atb Cap Markets raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.30.

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.