Peregrine Capital Management LLC Has $4.98 Million Stock Holdings in Liberty Energy Inc. (NYSE:LBRT)

Peregrine Capital Management LLC decreased its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 250,451 shares of the company’s stock after selling 9,108 shares during the quarter. Peregrine Capital Management LLC’s holdings in Liberty Energy were worth $4,981,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Creative Planning lifted its holdings in Liberty Energy by 3.7% during the 3rd quarter. Creative Planning now owns 19,456 shares of the company’s stock valued at $371,000 after purchasing an additional 703 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Liberty Energy by 0.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 82,223 shares of the company’s stock valued at $1,635,000 after purchasing an additional 708 shares during the last quarter. Andina Capital Management LLC lifted its holdings in Liberty Energy by 4.4% during the 3rd quarter. Andina Capital Management LLC now owns 19,413 shares of the company’s stock valued at $371,000 after purchasing an additional 814 shares during the last quarter. Covestor Ltd lifted its holdings in Liberty Energy by 96.8% during the 3rd quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after purchasing an additional 838 shares during the last quarter. Finally, KBC Group NV lifted its holdings in Liberty Energy by 24.8% during the 3rd quarter. KBC Group NV now owns 4,906 shares of the company’s stock valued at $94,000 after purchasing an additional 974 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Seaport Res Ptn raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th. Royal Bank of Canada dropped their target price on Liberty Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Wells Fargo & Company dropped their target price on Liberty Energy from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Stifel Nicolaus lifted their target price on Liberty Energy from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Atb Cap Markets raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Liberty Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.30.

Liberty Energy Stock Down 1.8 %

Shares of NYSE LBRT opened at $17.78 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.27. Liberty Energy Inc. has a 52 week low of $16.57 and a 52 week high of $24.75. The stock has a market capitalization of $2.88 billion, a P/E ratio of 9.51 and a beta of 1.63. The stock’s fifty day moving average is $19.66 and its 200 day moving average is $19.33.

Liberty Energy (NYSE:LBRT) last released 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 net margin of 7.32% and a return on equity of 14.28%. Sell-side analysts forecast that Liberty Energy Inc. will post 0.62 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Thursday, March 6th. Liberty Energy’s dividend payout ratio is presently 17.11%.

Insider Buying and Selling at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 5,000 shares of Liberty Energy stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $23.00, for a total value of $115,000.00. Following the transaction, the chief financial officer now owns 675,207 shares in the company, valued at $15,529,761. The trade was a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Christopher A. Wright sold 2,936 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $19.16, for a total value of $56,253.76. Following the sale, the chief executive officer now owns 2,543,877 shares in the company, valued at approximately $48,740,683.32. This trade represents a 0.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,936 shares of company stock worth $1,341,184 over the last 90 days. 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.