Liberty Energy Inc. (NYSE:LBRT) Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its position in shares of Liberty Energy Inc. (NYSE:LBRT) by 10.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,178,089 shares of the company’s stock after acquiring an additional 505,634 shares during the quarter. American Century Companies Inc.’s holdings in Liberty Energy were worth $102,992,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its stake in shares of Liberty Energy by 0.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 82,223 shares of the company’s stock valued at $1,635,000 after purchasing an additional 708 shares during the period. Xponance Inc. boosted its position in Liberty Energy by 7.0% in 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 period. Prospera Financial Services Inc grew its stake in shares of Liberty Energy by 7.3% in the third quarter. Prospera Financial Services Inc now owns 16,047 shares of the company’s stock worth $306,000 after acquiring an additional 1,091 shares in the last quarter. Empirical Finance LLC grew its stake in shares of Liberty Energy by 2.2% in the fourth quarter. Empirical Finance LLC now owns 54,149 shares of the company’s stock worth $1,077,000 after acquiring an additional 1,185 shares in the last quarter. Finally, Quarry LP increased its holdings in Liberty Energy by 237.5% during the 3rd quarter. Quarry LP now owns 1,991 shares of the company’s stock worth $38,000 after purchasing an additional 1,401 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LBRT has been the topic of a number of analyst reports. The Goldman Sachs Group began coverage on shares of Liberty Energy in a report on Friday, December 13th. They issued a “neutral” rating and a $19.00 price objective on the stock. Royal Bank of Canada cut Liberty Energy from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $24.00 to $19.00 in a research report on Monday. 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 boosted their target price on Liberty Energy from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, TD Cowen dropped 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 note on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Liberty Energy presently has a consensus rating of “Moderate Buy” and an average price target of $21.80.

Liberty Energy Stock Performance

Shares of LBRT stock opened at $15.08 on Tuesday. The stock’s 50-day moving average price is $17.82 and its 200 day moving average price is $18.57. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2.44 billion, a PE ratio of 8.06 and a beta of 1.58. Liberty Energy Inc. has a 52-week low of $13.86 and a 52-week high of $24.75.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.06). Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. As a group, equities research analysts forecast 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 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 dividend yield of 2.12%. Liberty Energy’s dividend payout ratio (DPR) is presently 17.11%.

Insider Buying and Selling

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

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.