Meeder Asset Management Inc. Purchases New Position in Liberty Energy Inc. (NYSE:LBRT)

Meeder Asset Management Inc. acquired a new stake in shares of Liberty Energy Inc. (NYSE:LBRT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,046 shares of the company’s stock, valued at approximately $120,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in shares of Liberty Energy by 237.5% during the 3rd quarter. Quarry LP now owns 1,991 shares of the company’s stock worth $38,000 after acquiring an additional 1,401 shares in the last quarter. Blue Trust Inc. lifted its holdings in Liberty Energy by 604.9% in the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the company’s stock worth $47,000 after purchasing an additional 2,111 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in Liberty Energy by 257.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company’s stock worth $47,000 after purchasing an additional 1,583 shares during the period. Spire Wealth Management acquired a new position in Liberty Energy during the fourth quarter valued at approximately $60,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Liberty Energy by 176.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company’s stock valued at $67,000 after purchasing an additional 2,184 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Energy Stock Down 0.0 %

NYSE LBRT opened at $15.82 on Wednesday. Liberty Energy Inc. has a 1-year low of $13.86 and a 1-year high of $24.75. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 8.46 and a beta of 1.58. The stock’s 50 day moving average is $17.14 and its two-hundred day moving average is $18.46. 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) 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 net margin of 7.32% and a return on equity of 14.28%. Equities analysts forecast that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.32 annualized dividend and a yield of 2.02%. Liberty Energy’s dividend payout ratio is 17.11%.

Insider Transactions at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of Liberty Energy stock in a transaction on Monday, February 3rd. The stock was 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 in the company, valued at approximately $12,868,218.48. The trade was a 1.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 35,000 shares of company stock valued at $710,800 in the last three months. 1.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LBRT shares. Stifel Nicolaus raised their target price on shares of Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Seaport Res Ptn raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, January 5th. TD Cowen cut 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. Atb Cap Markets raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley upgraded shares of Liberty Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $20.00 to $25.00 in a report on Thursday, March 27th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.90.

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.