State of Alaska Department of Revenue Has $3.30 Million Stock Holdings in Liberty Energy Inc. (NYSE:LBRT)

State of Alaska Department of Revenue boosted its stake in Liberty Energy Inc. (NYSE:LBRT) by 75.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 165,873 shares of the company’s stock after buying an additional 71,526 shares during the period. State of Alaska Department of Revenue’s holdings in Liberty Energy were worth $3,298,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Covestor Ltd boosted its holdings in shares of Liberty Energy by 96.8% during the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock worth $33,000 after acquiring an additional 838 shares during the period. Quarry LP lifted its holdings in Liberty Energy by 237.5% during the 3rd quarter. Quarry LP now owns 1,991 shares of the company’s stock worth $38,000 after purchasing an additional 1,401 shares during the last quarter. Blue Trust Inc. boosted its stake in 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 purchasing an additional 2,111 shares during the period. Spire Wealth Management acquired a new position in Liberty Energy in the 4th quarter valued at $60,000. Finally, GAMMA Investing LLC increased its position in Liberty Energy by 82.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,174 shares of the company’s stock worth $61,000 after buying an additional 1,431 shares during the period. 98.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LBRT has been the subject of a number of recent research reports. Seaport Res Ptn raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, January 5th. Royal Bank of Canada decreased their target price on shares of Liberty Energy from $26.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus lifted their price target on shares of Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Citigroup boosted their price target on Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Evercore ISI upgraded Liberty Energy to a “strong-buy” rating in a research note on Thursday, October 17th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.30.

Liberty Energy Stock Down 2.3 %

Shares of LBRT opened at $17.09 on Monday. The firm has a 50 day simple moving average of $19.76 and a two-hundred day simple moving average of $19.60. The company has a market cap of $2.79 billion, a P/E ratio of 9.14 and a beta of 1.63. Liberty Energy Inc. has a one year low of $16.57 and a one year high of $24.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.27 and a quick ratio of 0.97.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 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%. Research analysts forecast that Liberty Energy Inc. will post 0.62 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The business also recently announced 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 is Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.87%. Liberty Energy’s dividend payout ratio (DPR) is currently 17.11%.

Insider Activity

In other news, CEO Christopher A. Wright sold 16,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $18.23, for a total value of $291,680.00. Following the completion of the transaction, the chief executive officer now directly owns 2,562,813 shares in the company, valued at approximately $46,720,080.99. This represents a 0.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Stock sold 10,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $18.49, for a total value of $184,900.00. Following the sale, the chief financial officer now owns 705,207 shares in the company, valued at $13,039,277.43. This represents a 1.40 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,936 shares of company stock worth $1,341,184. Corporate insiders own 3.60% of the company’s stock.

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.