O Shaughnessy Asset Management LLC Has $5.21 Million Stake in Liberty Energy Inc. (NYSE:LBRT)

O Shaughnessy Asset Management LLC reduced its holdings in Liberty Energy Inc. (NYSE:LBRT) by 28.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 261,817 shares of the company’s stock after selling 104,820 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.16% of Liberty Energy worth $5,208,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in LBRT. JPMorgan Chase & Co. grew its holdings in Liberty Energy by 61.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company’s stock valued at $60,061,000 after buying an additional 1,193,918 shares during the last quarter. Impala Asset Management LLC grew its stake in shares of Liberty Energy by 89.2% in the third quarter. Impala Asset Management LLC now owns 350,000 shares of the company’s stock worth $6,682,000 after acquiring an additional 165,000 shares during the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of Liberty Energy in the fourth quarter worth $498,000. Principal Financial Group Inc. increased its position in Liberty Energy by 2.8% during the fourth quarter. Principal Financial Group Inc. now owns 897,040 shares of the company’s stock worth $17,842,000 after acquiring an additional 24,825 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Liberty Energy during the 4th quarter valued at $6,792,000. 98.22% of the stock is currently owned by institutional investors.

Liberty Energy Price Performance

NYSE:LBRT opened at $16.09 on Thursday. The firm has a market cap of $2.61 billion, a PE ratio of 8.60 and a beta of 1.58. The company’s 50-day moving average price is $16.88 and its two-hundred day moving average price is $18.42. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. Liberty Energy Inc. has a 12 month low of $13.86 and a 12 month high of $24.75.

Liberty Energy (NYSE:LBRT) last released 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 return on equity of 14.28% and a net margin of 7.32%. On average, equities analysts anticipate that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently declared 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 was Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.99%. Liberty Energy’s dividend payout ratio is 17.11%.

Insider Buying and Selling

In other Liberty Energy news, CFO Michael Stock sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $23.00, for a total value of $115,000.00. Following the completion of the transaction, the chief financial officer now directly owns 675,207 shares of the company’s stock, valued at approximately $15,529,761. The trade was a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LBRT has been the topic of several research reports. TD Cowen dropped their price objective on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group began coverage on Liberty Energy in a research note on Friday, December 13th. They set a “neutral” rating and a $19.00 price target on the stock. Stifel Nicolaus raised their price objective on Liberty Energy from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Atb Cap Markets upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada cut Liberty Energy from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $24.00 to $19.00 in a research report on Monday, March 24th. Five 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 stock. According to data from MarketBeat, Liberty Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.90.

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.