Lee Danner & Bass Inc. Takes Position in Liberty Energy Inc. (NYSE:LBRT)

Lee Danner & Bass Inc. bought a new stake in shares of Liberty Energy Inc. (NYSE:LBRT) in the 4th quarter, HoldingsChannel.com reports. The firm bought 5,000 shares of the company’s stock, valued at approximately $99,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its stake in shares of Liberty Energy by 0.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 82,223 shares of the company’s stock valued at $1,635,000 after buying an additional 708 shares during the last quarter. Xponance Inc. boosted its stake in shares of Liberty Energy by 7.0% during the 4th quarter. Xponance Inc. now owns 11,263 shares of the company’s stock valued at $224,000 after buying an additional 733 shares during the last quarter. KBC Group NV boosted its stake in shares of Liberty Energy by 24.8% during the 3rd quarter. KBC Group NV now owns 4,906 shares of the company’s stock valued at $94,000 after buying an additional 974 shares during the last quarter. Prospera Financial Services Inc boosted its stake in shares of Liberty Energy by 7.3% during the 3rd quarter. Prospera Financial Services Inc now owns 16,047 shares of the company’s stock valued at $306,000 after buying an additional 1,091 shares during the last quarter. Finally, Empirical Finance LLC raised its position in shares of Liberty Energy by 2.2% during the 4th quarter. Empirical Finance LLC now owns 54,149 shares of the company’s stock valued at $1,077,000 after acquiring an additional 1,185 shares in the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Michael Stock sold 20,000 shares of Liberty Energy stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $20.82, for a total value of $416,400.00. Following the transaction, the chief financial officer now directly owns 680,207 shares of the company’s stock, valued at $14,161,909.74. This trade represents a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders have sold 40,000 shares of company stock worth $808,350. Company insiders own 1.90% of the company’s stock.

Liberty Energy Stock Up 0.4 %

LBRT stock opened at $14.63 on Friday. The firm has a market cap of $2.37 billion, a PE ratio of 7.82 and a beta of 1.58. Liberty Energy Inc. has a 12 month low of $13.86 and a 12 month high of $24.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97. The firm has a 50 day simple moving average of $17.94 and a 200 day simple moving average of $18.61.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. Equities research analysts forecast that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.08 dividend. The ex-dividend date was Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a yield of 2.19%. Liberty Energy’s dividend payout ratio is currently 17.11%.

Wall Street Analyst Weigh In

LBRT has been the topic of several research reports. Royal Bank of Canada dropped their price target on Liberty Energy from $26.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Atb Cap Markets raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Stifel Nicolaus upped their price target on Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, January 31st. TD Cowen dropped their price target on Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Finally, Citigroup upped their price target on Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.30.

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.