O Shaughnessy Asset Management LLC Sells 104,820 Shares of Liberty Energy Inc. (NYSE:LBRT)

O Shaughnessy Asset Management LLC reduced its position in shares of Liberty Energy Inc. (NYSE:LBRT) by 28.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 261,817 shares of the company’s stock after selling 104,820 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Liberty Energy were worth $5,208,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in LBRT. Citigroup Inc. raised its stake in shares of Liberty Energy by 95.5% during the third quarter. Citigroup Inc. now owns 224,165 shares of the company’s stock worth $4,279,000 after buying an additional 109,489 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Liberty Energy by 21.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 100,545 shares of the company’s stock valued at $1,919,000 after acquiring an additional 17,901 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Liberty Energy by 46.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 40,505 shares of the company’s stock valued at $773,000 after purchasing an additional 12,781 shares during the period. HighTower Advisors LLC boosted its position in shares of Liberty Energy by 70.2% in the 3rd quarter. HighTower Advisors LLC now owns 25,115 shares of the company’s stock worth $475,000 after purchasing an additional 10,362 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of Liberty Energy by 5.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 439,820 shares of the company’s stock worth $8,396,000 after purchasing an additional 21,890 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Liberty Energy

In other news, CFO Michael Stock sold 10,000 shares of the company’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 sale, the chief financial officer now owns 717,292 shares in the company, valued at $12,868,218.48. This represents a 1.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Atb Cap Markets raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company cut their price target on shares of Liberty Energy from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Seaport Res Ptn upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th. TD Cowen cut their target price 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. Finally, Morgan Stanley raised shares of Liberty Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $20.00 to $25.00 in a report on Thursday, March 27th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Liberty Energy currently has an average rating of “Moderate Buy” and an average target price of $21.90.

Liberty Energy Stock Up 1.5 %

LBRT stock opened at $16.09 on Thursday. The business has a 50-day moving average of $16.88 and a 200-day moving average of $18.42. Liberty Energy Inc. has a fifty-two week low of $13.86 and a fifty-two week high of $24.75. The stock has a market capitalization of $2.61 billion, a P/E ratio of 8.60 and a beta of 1.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share 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%. On average, sell-side analysts anticipate that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given 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 1.99%. Liberty Energy’s dividend payout ratio (DPR) is presently 17.11%.

About Liberty Energy

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.