Janney Montgomery Scott LLC Purchases New Holdings in Liberty Energy Inc. (NYSE:LBRT)

Janney Montgomery Scott LLC acquired a new stake in shares of Liberty Energy Inc. (NYSE:LBRTGet Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 50,899 shares of the company’s stock, valued at approximately $645,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clifford Capital Partners LLC acquired a new stake in Liberty Energy during the second quarter valued at approximately $5,558,000. Walleye Trading LLC raised its stake in Liberty Energy by 435.4% during the second quarter. Walleye Trading LLC now owns 88,062 shares of the company’s stock valued at $1,124,000 after buying an additional 71,613 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in Liberty Energy during the second quarter valued at approximately $242,000. Seven Eight Capital LP raised its stake in Liberty Energy by 110.2% during the second quarter. Seven Eight Capital LP now owns 27,327 shares of the company’s stock valued at $349,000 after buying an additional 14,328 shares in the last quarter. Finally, CastleArk Alternatives LLC acquired a new stake in Liberty Energy during the second quarter valued at approximately $86,000. Institutional investors and hedge funds own 85.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LBRT has been the topic of several research reports. Morgan Stanley cut their price objective on Liberty Energy from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 4th. Cowen increased their price target on Liberty Energy to $16.00 in a research report on Thursday, October 27th. Piper Sandler increased their price target on Liberty Energy from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, November 18th. Citigroup cut Liberty Energy from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Tuesday. Finally, ATB Capital increased their price target on Liberty Energy to $23.50 in a research report on Thursday, October 27th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Liberty Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.59.

Liberty Energy Stock Performance

Shares of NYSE LBRT opened at $14.72 on Friday. The stock has a fifty day moving average price of $15.84 and a two-hundred day moving average price of $14.83. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.15 and a current ratio of 1.41. The firm has a market cap of $2.69 billion, a P/E ratio of 14.87 and a beta of 2.21. Liberty Energy Inc. has a 1 year low of $10.45 and a 1 year high of $20.05.

Liberty Energy (NYSE:LBRTGet Rating) last issued its quarterly earnings results on Wednesday, October 19th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.05 billion. Liberty Energy had a return on equity of 14.88% and a net margin of 5.30%. Research analysts forecast that Liberty Energy Inc. will post 2.04 EPS for the current fiscal year.

Insider Transactions at Liberty Energy

In other news, major shareholder Limited/Nv Schlumberger sold 12,367,500 shares of the firm’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of $15.33, for a total transaction of $189,593,775.00. Following the completion of the sale, the insider now directly owns 10,701,961 shares of the company’s stock, valued at approximately $164,061,062.13. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Christopher A. Wright sold 2,300 shares of the firm’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $17.04, for a total value of $39,192.00. Following the completion of the sale, the chief executive officer now owns 3,305,615 shares of the company’s stock, valued at $56,327,679.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Limited/Nv Schlumberger sold 12,367,500 shares of the firm’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of $15.33, for a total value of $189,593,775.00. Following the completion of the sale, the insider now directly owns 10,701,961 shares of the company’s stock, valued at approximately $164,061,062.13. The disclosure for this sale can be found here. Insiders sold a total of 12,408,300 shares of company stock valued at $190,301,217 in the last three months. 3.40% of the stock is currently owned by corporate insiders.

Liberty Energy Company Profile

(Get Rating)

Liberty Energy Inc provides hydraulic fracturing and wireline services, and related goods to onshore oil and natural gas exploration and production companies in North America. It also offers hydraulic fracturing pressure pumping services, including pressure pumping and pumpdown perforating services, as well wireline services, proppant delivery solutions, data analytics, related goods and technologies.

Recommended Stories

Institutional Ownership by Quarter for Liberty Energy (NYSE:LBRT)

Receive News & Ratings for Liberty Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Energy and related companies with MarketBeat.com's FREE daily email newsletter.