Grantham Mayo Van Otterloo & Co. LLC Has $11.47 Million Stake in Liberty Energy Inc. (NYSE:LBRT)

Grantham Mayo Van Otterloo & Co. LLC grew its stake in Liberty Energy Inc. (NYSE:LBRT) by 0.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 576,603 shares of the company’s stock after buying an additional 3,600 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Liberty Energy were worth $11,469,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Franklin Resources Inc. boosted its holdings in shares of Liberty Energy by 83.5% during the 4th quarter. Franklin Resources Inc. now owns 4,828,712 shares of the company’s stock worth $96,043,000 after buying an additional 2,197,352 shares during the period. JPMorgan Chase & Co. grew its position in shares of Liberty Energy by 61.2% in the third quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company’s stock valued at $60,061,000 after purchasing an additional 1,193,918 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Liberty Energy by 10.8% in the fourth quarter. American Century Companies Inc. now owns 5,178,089 shares of the company’s stock worth $102,992,000 after purchasing an additional 505,634 shares during the period. Norges Bank acquired a new position in shares of Liberty Energy during the 4th quarter worth about $8,140,000. Finally, Raymond James Financial Inc. bought a new stake in Liberty Energy during the 4th quarter valued at approximately $6,792,000. Institutional investors own 98.22% of the company’s stock.

Liberty Energy Trading Down 16.3 %

LBRT stock opened at $10.98 on Monday. Liberty Energy Inc. has a 1-year low of $10.53 and a 1-year high of $24.75. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $16.47 and its 200-day moving average is $18.28. The firm has a market cap of $1.78 billion, a P/E ratio of 5.87 and a beta of 1.18.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings data 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%. Equities analysts anticipate that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a $0.08 dividend. The ex-dividend date was Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a yield of 2.91%. Liberty Energy’s dividend payout ratio (DPR) is presently 17.11%.

Insider Buying and Selling 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. Company insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on LBRT. TD Cowen dropped their price target on Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley upgraded shares of Liberty Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $20.00 to $25.00 in a research note on Thursday, March 27th. Royal Bank of Canada lowered shares of Liberty Energy from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $24.00 to $19.00 in a research report on Monday, March 24th. Stifel Nicolaus upped their price objective on shares of Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Atb Cap Markets upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.