Liberty Energy Inc. (NYSE:LBRT) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC trimmed its position in Liberty Energy Inc. (NYSE:LBRT) by 15.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 542,524 shares of the company’s stock after selling 101,687 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.33% of Liberty Energy worth $11,241,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EdgeRock Capital LLC bought a new position in Liberty Energy during the fourth quarter valued at approximately $27,000. Principal Securities Inc. bought a new position in Liberty Energy during the fourth quarter valued at approximately $39,000. Quadrant Capital Group LLC raised its position in Liberty Energy by 70.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,909 shares of the company’s stock valued at $53,000 after acquiring an additional 1,206 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Liberty Energy by 27.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company’s stock valued at $59,000 after acquiring an additional 709 shares in the last quarter. Finally, Lindbrook Capital LLC raised its position in Liberty Energy by 54.6% during the first quarter. Lindbrook Capital LLC now owns 3,393 shares of the company’s stock valued at $70,000 after acquiring an additional 1,199 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Liberty Energy news, CFO Michael Stock sold 4,374 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $21.01, for a total transaction of $91,897.74. Following the completion of the transaction, the chief financial officer now owns 785,207 shares of the company’s stock, valued at approximately $16,497,199.07. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Liberty Energy news, CFO Michael Stock sold 4,374 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $21.01, for a total transaction of $91,897.74. Following the completion of the sale, the chief financial officer now owns 785,207 shares of the company’s stock, valued at approximately $16,497,199.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher A. Wright sold 20,000 shares of Liberty Energy stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $21.64, for a total value of $432,800.00. Following the sale, the chief executive officer now directly owns 2,818,814 shares of the company’s stock, valued at approximately $60,999,134.96. The disclosure for this sale can be found here. Insiders sold a total of 106,000 shares of company stock valued at $2,321,231 in the last quarter. 3.60% of the stock is currently owned by insiders.

Liberty Energy Price Performance

Shares of NYSE LBRT traded up $1.05 during midday trading on Tuesday, reaching $23.68. 2,442,843 shares of the company traded hands, compared to its average volume of 2,706,213. The stock’s 50-day simple moving average is $21.80 and its 200-day simple moving average is $21.26. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.07 and a current ratio of 1.35. Liberty Energy Inc. has a 12 month low of $15.57 and a 12 month high of $24.75. The firm has a market cap of $3.92 billion, a PE ratio of 8.64, a PEG ratio of 1.34 and a beta of 1.74.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data on Wednesday, July 17th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Liberty Energy had a return on equity of 22.85% and a net margin of 9.53%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 EPS. As a group, equities analysts anticipate that Liberty Energy Inc. will post 2.19 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a $0.07 dividend. The ex-dividend date is Friday, September 6th. This represents a $0.28 annualized dividend and a dividend yield of 1.18%. Liberty Energy’s dividend payout ratio is presently 10.22%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LBRT shares. Citigroup raised shares of Liberty Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $24.00 to $32.00 in a research report on Wednesday, May 29th. Bank of America dropped their price target on shares of Liberty Energy from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. TD Cowen dropped their price target on shares of Liberty Energy from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. Piper Sandler dropped their price target on shares of Liberty Energy from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, July 15th. Finally, Barclays dropped their price target on shares of Liberty Energy from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 23rd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.78.

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.