Liberty Energy Inc. (NYSE:LBRT) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its position in shares of Liberty Energy Inc. (NYSE:LBRT) by 47.6% in the fourth quarter, HoldingsChannel reports. The firm owned 42,077 shares of the company’s stock after selling 38,212 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Liberty Energy were worth $837,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of LBRT. Creative Planning lifted its holdings in shares of Liberty Energy by 3.7% during the third quarter. Creative Planning now owns 19,456 shares of the company’s stock worth $371,000 after purchasing an additional 703 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Liberty Energy by 1,702.1% during the third quarter. International Assets Investment Management LLC now owns 216,366 shares of the company’s stock worth $4,130,000 after purchasing an additional 204,360 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Liberty Energy by 4.7% during the third quarter. Louisiana State Employees Retirement System now owns 79,900 shares of the company’s stock worth $1,525,000 after purchasing an additional 3,600 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Liberty Energy by 286.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 42,953 shares of the company’s stock worth $820,000 after purchasing an additional 31,847 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Liberty Energy by 6.0% during the third quarter. State of Alaska Department of Revenue now owns 94,347 shares of the company’s stock worth $1,801,000 after purchasing an additional 5,308 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Insider Buying and Selling

In related news, CEO Christopher A. Wright sold 16,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $18.23, for a total transaction of $291,680.00. Following the completion of the sale, the chief executive officer now directly owns 2,562,813 shares in the company, valued at approximately $46,720,080.99. The trade was a 0.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Stock sold 10,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $18.49, for a total value of $184,900.00. Following the completion of the sale, the chief financial officer now owns 705,207 shares of the company’s stock, valued at approximately $13,039,277.43. The trade was a 1.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,936 shares of company stock worth $1,341,184. 3.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LBRT shares. Citigroup lifted 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. TD Cowen decreased their price target on Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group assumed coverage on Liberty Energy in a report on Friday, December 13th. They issued a “neutral” rating and a $19.00 price target for the company. Wells Fargo & Company decreased their price target on Liberty Energy from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Stifel Nicolaus boosted their price target on Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Liberty Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.30.

Liberty Energy Trading Up 0.9 %

Shares of LBRT stock opened at $17.37 on Friday. 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 company has a market cap of $2.81 billion, a price-to-earnings ratio of 9.29 and a beta of 1.63. The stock has a 50 day simple moving average of $19.55 and a 200-day simple moving average of $19.24. Liberty Energy Inc. has a 1-year low of $16.57 and a 1-year high of $24.75.

Liberty Energy (NYSE:LBRT) last issued its quarterly 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%. On average, equities research analysts expect that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The company also recently declared 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. This represents a $0.32 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Thursday, March 6th. Liberty Energy’s payout ratio is 17.11%.

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.