Liberty Energy Inc. (NYSE:LBRT) Holdings Raised by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Liberty Energy Inc. (NYSE:LBRT) by 0.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 576,603 shares of the company’s stock after buying an additional 3,600 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.35% of Liberty Energy worth $11,469,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Quarry LP lifted its stake in shares of Liberty Energy by 237.5% in 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 during the period. Blue Trust Inc. lifted its position in Liberty Energy by 604.9% in the fourth 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 period. CIBC Private Wealth Group LLC boosted its stake in Liberty Energy by 257.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company’s stock valued at $47,000 after purchasing an additional 1,583 shares in the last quarter. Spire Wealth Management acquired a new position in shares of Liberty Energy during the 4th quarter valued at $60,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Liberty Energy by 176.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company’s stock worth $67,000 after buying an additional 2,184 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LBRT shares. Wells Fargo & Company lowered their target price on Liberty Energy from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Citigroup lifted their price objective on shares of Liberty Energy from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Morgan Stanley raised shares of Liberty Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $20.00 to $25.00 in a research note on Thursday, March 27th. Atb Cap Markets upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Stifel Nicolaus increased their price objective on Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.90.

Liberty Energy Stock Performance

Shares of LBRT stock opened at $10.98 on Monday. The stock’s fifty day simple moving average is $16.47 and its 200-day simple moving average is $18.28. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 5.87 and a beta of 1.18. 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 Inc. has a 1-year low of $10.53 and a 1-year high of $24.75.

Liberty Energy (NYSE:LBRT) last issued 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 net margin of 7.32% and a return on equity of 14.28%. On average, sell-side analysts predict that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The business also recently announced 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Thursday, March 6th. Liberty Energy’s dividend payout ratio (DPR) is currently 17.11%.

Insider Activity

In related 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 transaction of $179,400.00. Following the completion of the sale, the chief financial officer now owns 717,292 shares of the company’s stock, valued at approximately $12,868,218.48. This trade represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

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.