Level Four Advisory Services LLC Cuts Stock Holdings in Liberty Energy Inc. (NYSE:LBRT)

Level Four Advisory Services LLC lowered its position in Liberty Energy Inc. (NYSE:LBRT) by 40.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 55,293 shares of the company’s stock after selling 36,912 shares during the period. Level Four Advisory Services LLC’s holdings in Liberty Energy were worth $1,100,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its position in Liberty Energy by 0.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 82,223 shares of the company’s stock worth $1,635,000 after purchasing an additional 708 shares in the last quarter. Xponance Inc. grew its holdings in shares of Liberty Energy by 7.0% in the fourth quarter. Xponance Inc. now owns 11,263 shares of the company’s stock valued at $224,000 after acquiring an additional 733 shares in the last quarter. Empirical Finance LLC increased its position in shares of Liberty Energy by 2.2% during the fourth quarter. Empirical Finance LLC now owns 54,149 shares of the company’s stock valued at $1,077,000 after acquiring an additional 1,185 shares during the last quarter. Quarry LP lifted its holdings in 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 acquiring an additional 1,401 shares during the period. Finally, Park Avenue Securities LLC boosted its position in Liberty Energy by 5.0% in the fourth quarter. Park Avenue Securities LLC now owns 29,700 shares of the company’s stock worth $591,000 after purchasing an additional 1,423 shares during the last quarter. 98.22% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Michael Stock sold 10,000 shares of the business’s 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 transaction, the chief financial officer now directly owns 717,292 shares in the company, valued at $12,868,218.48. The trade was a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 40,000 shares of company stock worth $808,350 in the last three months. 1.90% of the stock is currently owned by corporate insiders.

Liberty Energy Price Performance

Liberty Energy stock opened at $15.78 on Friday. The firm has a market capitalization of $2.55 billion, a P/E ratio of 8.44 and a beta of 1.58. Liberty Energy Inc. has a one year low of $13.86 and a one year high of $24.75. 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 business has a fifty day moving average price of $17.28 and a 200-day moving average price of $18.48.

Liberty Energy (NYSE:LBRT) last issued 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 return on equity of 14.28% and a net margin of 7.32%. As a group, equities research analysts forecast that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors 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 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%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LBRT shares. The Goldman Sachs Group assumed coverage on Liberty Energy in a research report on Friday, December 13th. They set a “neutral” rating and a $19.00 target price for the company. TD Cowen decreased their price objective on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. 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. Citigroup raised their price target on shares of Liberty Energy from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, Atb Cap Markets upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.90.

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.