Liberty Energy Inc. (NYSE:LBRT) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its stake in Liberty Energy Inc. (NYSE:LBRT) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,902 shares of the company’s stock after buying an additional 621 shares during the period. Sequoia Financial Advisors LLC’s holdings in Liberty Energy were worth $325,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LBRT. Advisor Partners II LLC boosted its holdings in shares of Liberty Energy by 3.8% in the third quarter. Advisor Partners II LLC now owns 18,974 shares of the company’s stock valued at $351,000 after acquiring an additional 689 shares during the period. Los Angeles Capital Management LLC raised its position in Liberty Energy by 2.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 42,192 shares of the company’s stock valued at $781,000 after purchasing an additional 836 shares during the last quarter. Rhumbline Advisers boosted its stake in Liberty Energy by 0.7% during the 1st quarter. Rhumbline Advisers now owns 121,187 shares of the company’s stock worth $1,796,000 after purchasing an additional 863 shares during the period. CWM LLC grew its position in Liberty Energy by 59.7% during the 3rd quarter. CWM LLC now owns 3,166 shares of the company’s stock worth $59,000 after purchasing an additional 1,183 shares during the last quarter. Finally, Equitable Trust Co. increased its stake in Liberty Energy by 8.8% in the third quarter. Equitable Trust Co. now owns 16,346 shares of the company’s stock valued at $303,000 after purchasing an additional 1,328 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Energy Price Performance

Liberty Energy stock opened at $22.11 on Friday. The company has a market cap of $3.68 billion, a P/E ratio of 7.00, a price-to-earnings-growth ratio of 1.05 and a beta of 1.85. Liberty Energy Inc. has a one year low of $11.62 and a one year high of $23.31. The business has a fifty day moving average of $21.15 and a two-hundred day moving average of $19.65. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.49.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data on Wednesday, April 17th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). Liberty Energy had a net margin of 11.72% and a return on equity of 32.28%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business earned $0.90 EPS. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. As a group, analysts predict that Liberty Energy Inc. will post 2.64 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, June 6th. Liberty Energy’s payout ratio is currently 8.86%.

Insider Buying and Selling

In other Liberty Energy news, CAO Ryan T. Gosney sold 6,000 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $20.50, for a total value of $123,000.00. Following the sale, the chief accounting officer now owns 140,706 shares of the company’s stock, valued at $2,884,473. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider R Sean Elliott sold 20,000 shares of Liberty Energy stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $20.50, for a total transaction of $410,000.00. Following the completion of the transaction, the insider now directly owns 218,530 shares in the company, valued at approximately $4,479,865. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Ryan T. Gosney sold 6,000 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $20.50, for a total value of $123,000.00. Following the sale, the chief accounting officer now owns 140,706 shares in the company, valued at approximately $2,884,473. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,459 shares of company stock valued at $2,077,491. 3.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

LBRT has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of Liberty Energy from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, December 21st. Morgan Stanley upped their price target on Liberty Energy from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Bank of America boosted their price objective on shares of Liberty Energy from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Piper Sandler raised their target price on shares of Liberty Energy from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Liberty Energy currently has a consensus rating of “Moderate Buy” and an average target price of $23.67.

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.