Liberty Energy Inc. (NYSE:LBRT) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its holdings in Liberty Energy Inc. (NYSE:LBRT) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,946 shares of the company’s stock after selling 1,033 shares during the quarter. Illinois Municipal Retirement Fund owned 0.05% of Liberty Energy worth $1,690,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Covestor Ltd increased its holdings in Liberty Energy by 96.8% in the 3rd quarter. Covestor Ltd now owns 1,704 shares of the company’s stock worth $33,000 after acquiring an additional 838 shares in the last quarter. Quarry LP lifted its holdings in Liberty Energy by 237.5% during the third quarter. Quarry LP now owns 1,991 shares of the company’s stock valued at $38,000 after purchasing an additional 1,401 shares in the last quarter. Blue Trust Inc. grew its position in shares of Liberty Energy by 604.9% in the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the company’s stock valued at $47,000 after purchasing an additional 2,111 shares during the period. Spire Wealth Management purchased a new stake in shares of Liberty Energy during the fourth quarter worth about $60,000. Finally, US Bancorp DE increased its stake in shares of Liberty Energy by 93.2% during the third quarter. US Bancorp DE now owns 4,180 shares of the company’s stock worth $80,000 after purchasing an additional 2,016 shares in the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Liberty Energy Stock Down 0.7 %

NYSE LBRT opened at $17.29 on Friday. 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 52 week low of $16.57 and a 52 week high of $24.75. The business’s fifty day simple moving average is $19.53 and its 200-day simple moving average is $19.23. The firm has a market cap of $2.80 billion, a PE ratio of 9.24 and a beta of 1.63.

Liberty Energy (NYSE:LBRT) last issued its 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%. As a group, equities analysts anticipate that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.08 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.32 annualized dividend and a yield of 1.85%. Liberty Energy’s payout ratio is 17.11%.

Insider Buying and Selling

In other Liberty Energy news, CEO Christopher A. Wright sold 16,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $18.23, for a total value of $291,680.00. Following the transaction, the chief executive officer now owns 2,562,813 shares of the company’s stock, valued at $46,720,080.99. This represents a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Michael Stock sold 5,000 shares of Liberty Energy stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $19.51, for a total transaction of $97,550.00. Following the sale, the chief financial officer now owns 700,207 shares of the company’s stock, valued at approximately $13,661,038.57. This represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 68,936 shares of company stock worth $1,341,184. Company insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Citigroup lifted their price objective on Liberty Energy from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. The Goldman Sachs Group started coverage on Liberty Energy in a research note on Friday, December 13th. They issued a “neutral” rating and a $19.00 price target on the stock. Stifel Nicolaus boosted their price target on Liberty Energy from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company decreased their price objective on Liberty Energy from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, Seaport Res Ptn raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th. Five equities 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. According to MarketBeat, Liberty Energy presently has an average rating of “Moderate Buy” and an average target price of $22.30.

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.