Strs Ohio Has $1.09 Million Stock Holdings in Liberty Energy Inc. (NYSE:LBRT)

Strs Ohio lifted its stake in shares of Liberty Energy Inc. (NYSE:LBRT) by 2.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 60,200 shares of the company’s stock after buying an additional 1,300 shares during the quarter. Strs Ohio’s holdings in Liberty Energy were worth $1,092,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LBRT. CWM LLC lifted its stake in shares of 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 buying an additional 1,183 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Liberty Energy during the third quarter worth about $97,000. Spirit of America Management Corp NY bought a new position in Liberty Energy during the fourth quarter worth about $127,000. Jupiter Asset Management Ltd. bought a new position in Liberty Energy during the third quarter worth about $190,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Liberty Energy during the fourth quarter worth about $191,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LBRT shares. Royal Bank of Canada raised their price target on shares of Liberty Energy from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Bank of America raised their price target on shares of Liberty Energy from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. TD Cowen raised their target price on shares of Liberty Energy from $19.00 to $21.00 and gave the company a “hold” rating in a report on Friday, April 19th. Wells Fargo & Company raised their target price on shares of Liberty Energy from $24.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, Piper Sandler raised their target price on shares of Liberty Energy from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Liberty Energy has an average rating of “Moderate Buy” and a consensus target price of $24.30.

Liberty Energy Trading Up 3.2 %

Shares of Liberty Energy stock opened at $22.82 on Wednesday. The firm has a market capitalization of $3.80 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 1.11 and a beta of 1.85. The company has a current ratio of 1.48, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17. The firm’s 50 day moving average is $21.25 and its 200 day moving average is $19.75. Liberty Energy Inc. has a 1 year low of $11.62 and a 1 year high of $23.31.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings results on Thursday, April 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Liberty Energy had a net margin of 10.43% and a return on equity of 26.46%. The company’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. Equities research analysts forecast that Liberty Energy Inc. will post 2.58 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.28 annualized dividend and a yield of 1.23%. Liberty Energy’s dividend payout ratio is presently 10.22%.

Insider Buying and Selling

In related news, CEO Christopher A. Wright sold 20,000 shares of Liberty Energy stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $22.66, for a total transaction of $453,200.00. Following the sale, the chief executive officer now directly owns 2,858,814 shares in the company, valued at approximately $64,780,725.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO Ryan T. Gosney sold 6,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 140,706 shares in the company, valued at approximately $2,884,473. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher A. Wright sold 20,000 shares of Liberty Energy stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $22.66, for a total transaction of $453,200.00. Following the completion of the sale, the chief executive officer now owns 2,858,814 shares of the company’s stock, valued at approximately $64,780,725.24. The disclosure for this sale can be found here. Insiders have sold a total of 98,459 shares of company stock worth $2,077,491 in the last ninety days. Company insiders own 3.70% of the company’s stock.

Liberty Energy Company 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.