Fox Run Management L.L.C. Invests $208,000 in Liberty Energy Inc. (NYSE:LBRT)

Fox Run Management L.L.C. acquired a new stake in Liberty Energy Inc. (NYSE:LBRT) during the fourth quarter, Holdings Channel.com reports. The fund acquired 10,459 shares of the company’s stock, valued at approximately $208,000.

Several other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Liberty Energy by 61.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company’s stock valued at $60,061,000 after purchasing an additional 1,193,918 shares during the last quarter. Impala Asset Management LLC boosted its stake in Liberty Energy by 89.2% in the third quarter. Impala Asset Management LLC now owns 350,000 shares of the company’s stock valued at $6,682,000 after buying an additional 165,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Liberty Energy by 8.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,237,247 shares of the company’s stock valued at $42,709,000 after buying an additional 166,443 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in Liberty Energy in the fourth quarter valued at about $498,000. Finally, Intech Investment Management LLC acquired a new position in Liberty Energy during the third quarter worth about $904,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.94, for a total transaction of $179,400.00. Following the completion of the sale, the chief financial officer now directly owns 717,292 shares in the company, valued at approximately $12,868,218.48. This trade represents a 1.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 40,000 shares of company stock valued at $808,350 over the last quarter. Insiders own 1.90% of the company’s stock.

Liberty Energy Trading Down 2.7 %

NYSE LBRT opened at $15.78 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 current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $2.55 billion, a PE ratio of 8.44 and a beta of 1.58. The business’s 50-day moving average price is $17.28 and its two-hundred day moving average price is $18.49.

Liberty Energy (NYSE:LBRT) last announced its earnings results on Wednesday, January 29th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.06). Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. On average, analysts expect that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Thursday, March 6th. Liberty Energy’s dividend payout ratio (DPR) is presently 17.11%.

Analysts Set New Price Targets

LBRT has been the topic of several research reports. Seaport Res Ptn raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th. Royal Bank of Canada lowered shares of Liberty Energy from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $24.00 to $19.00 in a research report on Monday, March 24th. Morgan Stanley upgraded shares of Liberty Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $20.00 to $25.00 in a report on Thursday. Stifel Nicolaus raised their price objective on Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Citigroup upped their target price on Liberty Energy from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Five 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.90.

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.