Lee Danner & Bass Inc. Makes New Investment in Liberty Energy Inc. (NYSE:LBRT)

Lee Danner & Bass Inc. bought a new position in shares of Liberty Energy Inc. (NYSE:LBRT) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 5,000 shares of the company’s stock, valued at approximately $99,000.

Other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its stake in shares of Liberty Energy by 0.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 82,223 shares of the company’s stock worth $1,635,000 after buying an additional 708 shares during the last quarter. Xponance Inc. raised its stake in shares of Liberty Energy by 7.0% during the 4th quarter. Xponance Inc. now owns 11,263 shares of the company’s stock worth $224,000 after buying an additional 733 shares during the last quarter. KBC Group NV raised its stake in shares of Liberty Energy by 24.8% during the 3rd quarter. KBC Group NV now owns 4,906 shares of the company’s stock worth $94,000 after buying an additional 974 shares during the last quarter. Prospera Financial Services Inc raised its stake in shares of Liberty Energy by 7.3% during the 3rd quarter. Prospera Financial Services Inc now owns 16,047 shares of the company’s stock worth $306,000 after buying an additional 1,091 shares during the last quarter. Finally, Empirical Finance LLC raised its stake in shares of Liberty Energy by 2.2% during the 4th quarter. Empirical Finance LLC now owns 54,149 shares of the company’s stock worth $1,077,000 after buying an additional 1,185 shares during the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LBRT. Seaport Res Ptn raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Sunday, January 5th. Stifel Nicolaus boosted their target price on shares of Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Royal Bank of Canada cut their target price on shares of Liberty Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Citigroup boosted their target price on shares of Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, TD Cowen cut their target price on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Five analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.30.

Insider Transactions at Liberty Energy

In other news, CFO Michael Stock sold 5,000 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $19.51, for a total transaction of $97,550.00. Following the completion of the sale, the chief financial officer now owns 700,207 shares in the company, valued at approximately $13,661,038.57. The trade was a 0.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 40,000 shares of company stock worth $808,350. 1.90% of the stock is currently owned by company insiders.

Liberty Energy Trading Up 0.4 %

NYSE LBRT opened at $14.63 on Friday. Liberty Energy Inc. has a 12 month low of $13.86 and a 12 month high of $24.75. The company has a 50-day moving average of $17.94 and a 200-day moving average of $18.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97. The company has a market cap of $2.37 billion, a P/E ratio of 7.82 and a beta of 1.58.

Liberty Energy (NYSE:LBRT) last issued its earnings results 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 return on equity of 14.28% and a net margin of 7.32%. As a group, equities analysts predict that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Thursday, March 6th. Liberty Energy’s payout ratio is currently 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.