Bailard Inc. Has $713,000 Stock Position in Liberty Energy Inc. (NYSE:LBRT)

Bailard Inc. grew its stake in Liberty Energy Inc. (NYSE:LBRT) by 12.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,836 shares of the company’s stock after purchasing an additional 4,100 shares during the quarter. Bailard Inc.’s holdings in Liberty Energy were worth $713,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Covestor Ltd lifted its stake in shares of Liberty Energy by 96.8% in the 3rd quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after purchasing 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 acquired a new stake in shares of Liberty Energy in the 4th quarter valued at approximately $60,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Liberty Energy by 176.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company’s stock valued at $67,000 after acquiring an additional 2,184 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LBRT shares. Seaport Res Ptn upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, January 5th. Wells Fargo & Company dropped their price objective on Liberty Energy from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Atb Cap Markets raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group assumed coverage on Liberty Energy in a research note on Friday, December 13th. They set a “neutral” rating and a $19.00 price objective on the stock. Finally, Royal Bank of Canada dropped their price objective on Liberty Energy from $26.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Five equities research 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.30.

Insider Activity

In related news, CFO Michael Stock sold 20,000 shares of Liberty Energy stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $20.82, for a total value of $416,400.00. Following the sale, the chief financial officer now owns 680,207 shares of the company’s stock, valued at approximately $14,161,909.74. The trade was a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher A. Wright sold 2,936 shares of Liberty Energy stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $19.16, for a total value of $56,253.76. Following the completion of the sale, the chief executive officer now directly owns 2,543,877 shares in the company, valued at approximately $48,740,683.32. This represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,936 shares of company stock worth $1,156,284 over the last ninety days. Insiders own 3.60% of the company’s stock.

Liberty Energy Stock Performance

LBRT opened at $15.98 on Tuesday. The business’s 50-day moving average price is $19.51 and its two-hundred day moving average price is $19.19. Liberty Energy Inc. has a 1 year low of $15.83 and a 1 year high of $24.75. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 8.55 and a beta of 1.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.10 earnings per share (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 analysts expect that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.00%. Liberty Energy’s dividend payout ratio (DPR) is presently 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.