Landscape Capital Management L.L.C. Takes Position in Liberty Energy Inc. (NYSE:LBRT)

Landscape Capital Management L.L.C. bought a new stake in Liberty Energy Inc. (NYSE:LBRT) in the 4th quarter, Holdings Channel.com reports. The firm bought 14,850 shares of the company’s stock, valued at approximately $295,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LBRT. Quarry LP lifted its position in shares of Liberty Energy by 237.5% in the third quarter. Quarry LP now owns 1,991 shares of the company’s stock valued at $38,000 after buying an additional 1,401 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Liberty Energy by 604.9% during the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the company’s stock worth $47,000 after acquiring an additional 2,111 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in Liberty Energy by 257.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company’s stock valued at $47,000 after acquiring an additional 1,583 shares during the period. Spire Wealth Management acquired a new stake in Liberty Energy during the 4th quarter valued at $60,000. Finally, Smartleaf Asset Management LLC boosted its position in Liberty Energy by 176.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company’s stock worth $67,000 after purchasing an additional 2,184 shares during the period. Institutional investors own 98.22% of the company’s stock.

Analyst Ratings Changes

LBRT has been the subject of a number of research reports. Wells Fargo & Company cut their target price on shares of Liberty Energy from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Morgan Stanley upgraded shares of Liberty Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $20.00 to $25.00 in a research report on Thursday, March 27th. TD Cowen decreased their target price 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. Seaport Res Ptn raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th. Finally, Royal Bank of Canada lowered Liberty Energy from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $24.00 to $19.00 in a report on Monday, March 24th. 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $21.90.

Liberty Energy Stock Down 5.0 %

LBRT stock opened at $10.49 on Tuesday. The company has a market cap of $1.70 billion, a PE ratio of 5.61 and a beta of 1.18. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. Liberty Energy Inc. has a 52 week low of $9.71 and a 52 week high of $24.75. The business has a 50-day simple moving average of $16.28 and a 200 day simple moving average of $18.21.

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

Liberty Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders 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 annualized dividend and a dividend yield of 3.05%. Liberty Energy’s payout ratio is 17.11%.

Insider Transactions at Liberty Energy

In related news, CFO Michael Stock sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.94, for a total value of $179,400.00. Following the sale, the chief financial officer now directly owns 717,292 shares of the company’s stock, valued at $12,868,218.48. This trade represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is owned by insiders.

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.