State of Alaska Department of Revenue Purchases 71,526 Shares of Liberty Energy Inc. (NYSE:LBRT)

State of Alaska Department of Revenue grew its holdings in Liberty Energy Inc. (NYSE:LBRT) by 75.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 165,873 shares of the company’s stock after purchasing an additional 71,526 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.10% of Liberty Energy worth $3,298,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Covestor Ltd lifted its stake in Liberty Energy by 96.8% in the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after buying an additional 838 shares during the period. Quarry LP raised its position in shares of Liberty Energy by 237.5% in the 3rd quarter. Quarry LP now owns 1,991 shares of the company’s stock valued at $38,000 after acquiring an additional 1,401 shares during the period. Blue Trust Inc. raised its position in shares of Liberty Energy by 604.9% in the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the company’s stock valued at $47,000 after acquiring an additional 2,111 shares during the period. Spire Wealth Management bought a new position in Liberty Energy during the 4th quarter worth approximately $60,000. Finally, GAMMA Investing LLC grew its holdings in Liberty Energy by 82.1% during the third quarter. GAMMA Investing LLC now owns 3,174 shares of the company’s stock valued at $61,000 after purchasing an additional 1,431 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Insider Buying and Selling

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.94, for a total transaction of $179,400.00. Following the sale, the chief financial officer now directly owns 717,292 shares of the company’s stock, valued at approximately $12,868,218.48. This represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Christopher A. Wright sold 16,000 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $18.23, for a total transaction of $291,680.00. Following the completion of the sale, the chief executive officer now owns 2,562,813 shares of the company’s stock, valued at approximately $46,720,080.99. This represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,936 shares of company stock worth $1,341,184. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LBRT. TD Cowen reduced their price target on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their target price on Liberty Energy from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Royal Bank of Canada lowered their price target on Liberty Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Atb Cap Markets upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Seaport Res Ptn raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Sunday, January 5th. Five analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.30.

Liberty Energy Trading Down 2.3 %

NYSE:LBRT opened at $17.09 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.10. Liberty Energy Inc. has a twelve month low of $16.57 and a twelve month high of $24.75. The company has a market cap of $2.79 billion, a P/E ratio of 9.14 and a beta of 1.63. The business has a 50 day moving average price of $19.76 and a two-hundred day moving average price of $19.60.

Liberty Energy (NYSE:LBRT) last announced its earnings results on Wednesday, January 29th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.06). Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. As a group, analysts expect that Liberty Energy Inc. will post 0.62 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, March 6th. Liberty Energy’s dividend payout ratio is currently 17.11%.

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.