Royce & Associates LP Has $6.12 Million Position in Liberty Energy Inc. (NYSE:LBRT)

Royce & Associates LP boosted its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 543.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 307,855 shares of the company’s stock after acquiring an additional 260,000 shares during the period. Royce & Associates LP’s holdings in Liberty Energy were worth $6,123,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Liberty Energy by 61.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company’s stock worth $60,061,000 after acquiring an additional 1,193,918 shares during the last quarter. Quest Partners LLC boosted its position in shares of Liberty Energy by 168.2% during the third quarter. Quest Partners LLC now owns 62,979 shares of the company’s stock worth $1,202,000 after purchasing an additional 39,497 shares in the last quarter. Impala Asset Management LLC boosted its position in shares of Liberty Energy by 89.2% during the third quarter. Impala Asset Management LLC now owns 350,000 shares of the company’s stock worth $6,682,000 after purchasing an additional 165,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Liberty Energy by 8.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,237,247 shares of the company’s stock valued at $42,709,000 after buying an additional 166,443 shares during the period. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Liberty Energy in the 4th quarter valued at $498,000. Institutional investors own 98.22% of the company’s stock.

Insider Buying and Selling

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 717,292 shares of the company’s stock, valued at $12,868,218.48. The trade was a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 40,000 shares of company stock worth $808,350. Insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LBRT. Citigroup boosted their target price on Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Royal Bank of Canada decreased their price objective on Liberty Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Seaport Res Ptn raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Sunday, January 5th. Stifel Nicolaus lifted their price target 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. Finally, TD Cowen lowered their price objective on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.30.

Liberty Energy Stock Up 0.2 %

Liberty Energy stock opened at $14.66 on Thursday. The company has a fifty day simple moving average of $18.34 and a 200 day simple moving average of $18.72. 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 $13.86 and a 1-year high of $24.75. The company has a market cap of $2.37 billion, a P/E ratio of 7.84 and a beta of 1.58.

Liberty Energy (NYSE:LBRT) last released its earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.06). Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. Research analysts anticipate that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.32 annualized dividend and a dividend yield of 2.18%. Liberty Energy’s dividend payout ratio is presently 17.11%.

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.