Liberty Energy Inc. (NYSE:LBRT) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lowered its stake in Liberty Energy Inc. (NYSE:LBRT) by 23.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 678,332 shares of the company’s stock after selling 208,444 shares during the period. Epoch Investment Partners Inc.’s holdings in Liberty Energy were worth $14,055,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LBRT. EdgeRock Capital LLC acquired a new position in shares of Liberty Energy in the fourth quarter valued at approximately $27,000. Principal Securities Inc. acquired a new position in Liberty Energy during the fourth quarter worth $39,000. Quadrant Capital Group LLC boosted 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 worth $53,000 after purchasing an additional 1,206 shares in the last quarter. PNC Financial Services Group Inc. boosted 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 worth $59,000 after purchasing an additional 709 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Liberty Energy during the fourth quarter worth $63,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Insider Buying and Selling

In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $20.26, for a total transaction of $405,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,758,813 shares in the company, valued at $55,893,551.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Christopher A. Wright sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $20.26, for a total value of $405,200.00. Following the transaction, the chief executive officer now owns 2,758,813 shares in the company, valued at $55,893,551.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Ryan T. Gosney sold 2,000 shares of Liberty Energy stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $23.50, for a total transaction of $47,000.00. Following the transaction, the chief accounting officer now directly owns 170,882 shares in the company, valued at $4,015,727. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,000 shares of company stock valued at $2,321,231. 3.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Citigroup upgraded Liberty Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $24.00 to $32.00 in a research report on Wednesday, May 29th. Wells Fargo & Company upped their price objective on Liberty Energy from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Morgan Stanley restated an “equal weight” rating and issued a $24.00 price objective on shares of Liberty Energy in a research report on Monday, April 22nd. Barclays reduced their price objective on Liberty Energy from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 23rd. Finally, TD Cowen reduced their price objective on Liberty Energy from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Liberty Energy has an average rating of “Moderate Buy” and a consensus price target of $24.78.

Liberty Energy Stock Up 3.1 %

LBRT opened at $22.97 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.35 and a quick ratio of 1.07. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 1.34 and a beta of 1.74. The business has a 50-day moving average of $21.83 and a two-hundred day moving average of $21.22. Liberty Energy Inc. has a 12 month low of $15.57 and a 12 month high of $24.75.

Liberty Energy (NYSE:LBRT) last released its earnings results on Wednesday, July 17th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. Liberty Energy had a net margin of 9.53% and a return on equity of 22.85%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the company earned $0.87 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. On average, research analysts expect that Liberty Energy Inc. will post 2.19 earnings per share for the current year.

Liberty Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.28 annualized dividend and a dividend yield of 1.22%. Liberty Energy’s dividend payout ratio is presently 10.22%.

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.