Liberty Energy Inc. (NYSE:LBRT) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,053 shares of the company’s stock after selling 1,637 shares during the quarter. Amalgamated Bank’s holdings in Liberty Energy were worth $729,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. CIBC Private Wealth Group LLC boosted its stake in shares of Liberty Energy by 257.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company’s stock worth $47,000 after acquiring an additional 1,583 shares during the last quarter. Lee Danner & Bass Inc. purchased a new position in Liberty Energy in the 4th quarter valued at $99,000. Meeder Asset Management Inc. acquired a new stake in Liberty Energy during the 4th quarter worth $120,000. Sowell Financial Services LLC purchased a new stake in shares of Liberty Energy during the first quarter worth $162,000. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Liberty Energy during the fourth quarter worth $195,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Liberty Energy from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Citigroup lowered their target price on Liberty Energy from $16.00 to $13.50 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. TD Cowen upped their price target on Liberty Energy from $10.00 to $13.00 and gave the company a “hold” rating in a research report on Monday, April 21st. Wells Fargo & Company lifted their price objective on Liberty Energy from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 5th. Finally, JPMorgan Chase & Co. reduced their price target on Liberty Energy from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, May 28th. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.23.

Liberty Energy Stock Down 2.0%

NYSE:LBRT opened at $12.44 on Thursday. Liberty Energy Inc. has a 52 week low of $9.50 and a 52 week high of $24.43. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average is $12.19 and its two-hundred day moving average is $15.09. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 8.24 and a beta of 0.66.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Liberty Energy had a net margin of 6.03% and a return on equity of 10.30%. The company had revenue of $977.46 million for the quarter, compared to analyst estimates of $960.64 million. During the same period in the prior year, the firm earned $0.48 earnings per share. Research analysts anticipate that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.32 annualized dividend and a dividend yield of 2.57%. Liberty Energy’s dividend payout ratio (DPR) is 21.19%.

Liberty Energy 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.