Stifel Financial Corp Has $2.78 Million Position in Liberty Energy Inc. (NYSE:LBRT)

Stifel Financial Corp boosted its position in shares of Liberty Energy Inc. (NYSE:LBRT) by 33.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 145,849 shares of the company’s stock after purchasing an additional 36,573 shares during the quarter. Stifel Financial Corp’s holdings in Liberty Energy were worth $2,784,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning increased its position in Liberty Energy by 3.7% in the third quarter. Creative Planning now owns 19,456 shares of the company’s stock worth $371,000 after purchasing an additional 703 shares during the period. Andina Capital Management LLC lifted its holdings in Liberty Energy by 4.4% in the third quarter. Andina Capital Management LLC now owns 19,413 shares of the company’s stock valued at $371,000 after buying an additional 814 shares during the period. Covestor Ltd boosted its stake in Liberty Energy by 96.8% in the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after acquiring an additional 838 shares during the last quarter. nVerses Capital LLC raised its position in shares of Liberty Energy by 45.0% during the 2nd quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock valued at $61,000 after acquiring an additional 900 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of 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 purchasing an additional 974 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays cut their target price on Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Atb Cap Markets upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Royal Bank of Canada reduced their price target on shares of Liberty Energy from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. Stifel Nicolaus reduced their target price on Liberty Energy from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, October 18th. 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 research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.50.

Insider Activity at Liberty Energy

In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $19.77, for a total value of $395,400.00. Following the sale, the chief executive officer now owns 2,638,813 shares in the company, valued at $52,169,333.01. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Stock sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $17.21, for a total value of $86,050.00. Following the completion of the sale, the chief financial officer now directly owns 725,207 shares of the company’s stock, valued at approximately $12,480,812.47. The trade was a 0.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,973 shares of company stock valued at $1,641,235. 3.60% of the stock is owned by corporate insiders.

Liberty Energy Stock Performance

Shares of LBRT stock opened at $18.04 on Thursday. Liberty Energy Inc. has a 12 month low of $16.57 and a 12 month high of $24.75. The company’s fifty day simple moving average is $18.23 and its 200-day simple moving average is $19.90. The firm has a market cap of $2.95 billion, a PE ratio of 8.59 and a beta of 1.71. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings data on Wednesday, October 16th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. The company’s quarterly revenue was down 6.4% on a year-over-year basis. Equities research analysts expect that Liberty Energy Inc. will post 1.72 EPS for the current fiscal year.

Liberty Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.77%. This is a boost from Liberty Energy’s previous quarterly dividend of $0.07. Liberty Energy’s dividend payout ratio is currently 15.24%.

Liberty Energy Company 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.