Liberty Energy Inc. (NYSE:LBRT) Position Raised by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,902 shares of the company’s stock after acquiring an additional 621 shares during the period. Sequoia Financial Advisors LLC’s holdings in Liberty Energy were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC boosted its holdings in shares of Liberty Energy by 59.7% in the third quarter. CWM LLC now owns 3,166 shares of the company’s stock valued at $59,000 after acquiring an additional 1,183 shares in the last quarter. Quarry LP increased its position in shares of Liberty Energy by 111.0% during the 2nd quarter. Quarry LP now owns 3,965 shares of the company’s stock valued at $53,000 after purchasing an additional 2,086 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of Liberty Energy in the 3rd quarter worth $97,000. Tower Research Capital LLC TRC lifted its holdings in shares of Liberty Energy by 42.7% in the third quarter. Tower Research Capital LLC TRC now owns 5,307 shares of the company’s stock valued at $98,000 after buying an additional 1,589 shares during the period. Finally, Spirit of America Management Corp NY bought a new position in Liberty Energy during the fourth quarter valued at about $127,000. Institutional investors own 98.22% of the company’s stock.

Liberty Energy Trading Up 2.7 %

Liberty Energy stock opened at $22.11 on Friday. Liberty Energy Inc. has a 52 week low of $11.62 and a 52 week high of $23.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.49. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 7.00, a P/E/G ratio of 1.05 and a beta of 1.85. The company has a 50 day moving average price of $21.15 and a 200 day moving average price of $19.65.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, April 17th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. Liberty Energy had a return on equity of 32.28% and a net margin of 11.72%. The business’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period last year, the business earned $0.90 EPS. Research analysts forecast that Liberty Energy Inc. will post 2.64 EPS for the current year.

Liberty Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.28 annualized dividend and a yield of 1.27%. Liberty Energy’s dividend payout ratio (DPR) is presently 8.86%.

Wall Street Analysts Forecast Growth

LBRT has been the subject of a number of research analyst reports. Bank of America upped their price target on shares of Liberty Energy from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Monday. Wells Fargo & Company cut their target price on shares of Liberty Energy from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, December 21st. Morgan Stanley lifted their price target on shares of Liberty Energy from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Finally, Piper Sandler increased their price objective on Liberty Energy from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.67.

Insider Transactions at Liberty Energy

In related news, Director William F. Kimble sold 12,459 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $21.55, for a total transaction of $268,491.45. Following the transaction, the director now directly owns 69,963 shares of the company’s stock, valued at $1,507,702.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director William F. Kimble sold 12,459 shares of Liberty Energy stock in a transaction on Friday, March 8th. The stock was sold at an average price of $21.55, for a total transaction of $268,491.45. Following the completion of the sale, the director now owns 69,963 shares of the company’s stock, valued at $1,507,702.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Ryan T. Gosney sold 6,000 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $20.50, for a total value of $123,000.00. Following the completion of the transaction, the chief accounting officer now owns 140,706 shares in the company, valued at approximately $2,884,473. The disclosure for this sale can be found here. Insiders sold 98,459 shares of company stock valued at $2,077,491 over the last three months. 3.60% of the stock is owned by corporate insiders.

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.