Liberty Energy Inc. (NYSE:LBRT) Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC cut its position in Liberty Energy Inc. (NYSE:LBRT) by 6.0% during the fourth quarter, HoldingsChannel reports. The firm owned 51,910 shares of the company’s stock after selling 3,292 shares during the quarter. Mutual Advisors LLC’s holdings in Liberty Energy were worth $1,032,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Covestor Ltd raised its holdings in 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 purchasing an additional 838 shares in the last quarter. Quarry LP grew its holdings in shares of Liberty Energy by 237.5% during the third quarter. Quarry LP now owns 1,991 shares of the company’s stock worth $38,000 after buying an additional 1,401 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Liberty Energy by 82.1% in the third quarter. GAMMA Investing LLC now owns 3,174 shares of the company’s stock valued at $61,000 after purchasing an additional 1,431 shares during the period. US Bancorp DE raised its position in Liberty Energy by 93.2% during the 3rd quarter. US Bancorp DE now owns 4,180 shares of the company’s stock worth $80,000 after buying an additional 2,016 shares during the last quarter. Finally, KBC Group NV raised its holdings in Liberty Energy by 24.8% during the third quarter. KBC Group NV now owns 4,906 shares of the company’s stock worth $94,000 after purchasing an additional 974 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Energy Trading Down 1.9 %

Shares of LBRT opened at $22.30 on Friday. Liberty Energy Inc. has a fifty-two week low of $16.57 and a fifty-two week high of $24.75. The stock has a fifty day moving average of $19.67 and a two-hundred day moving average of $19.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.23. The company has a market capitalization of $3.64 billion, a PE ratio of 10.62 and a beta of 1.66.

Liberty Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.32 annualized dividend and a yield of 1.43%. Liberty Energy’s dividend payout ratio (DPR) is presently 15.24%.

Insiders Place Their Bets

In other news, CEO Christopher A. Wright sold 12,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $17.44, for a total transaction of $209,280.00. Following the completion of the sale, the chief executive officer now directly owns 2,606,813 shares of the company’s stock, valued at $45,462,818.72. The trade was a 0.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Stock sold 5,000 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $23.00, for a total value of $115,000.00. Following the completion of the transaction, the chief financial officer now directly owns 675,207 shares in the company, valued at $15,529,761. This trade represents a 0.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,973 shares of company stock valued at $1,586,335. Insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

LBRT has been the subject of several research analyst reports. Seaport Res Ptn upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, January 5th. Barclays cut their price target on Liberty Energy from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. TD Cowen lowered their price objective on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Citigroup lifted their target price on shares of Liberty Energy from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus dropped their price objective on shares of Liberty Energy from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Five research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.20.

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.