Rhumbline Advisers Reduces Holdings in Liberty Energy Inc. (NYSE:LBRT)

Rhumbline Advisers lessened its position in shares of Liberty Energy Inc. (NYSE:LBRT) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 481,912 shares of the company’s stock after selling 2,237 shares during the quarter. Rhumbline Advisers owned about 0.29% of Liberty Energy worth $9,585,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LBRT. Creative Planning boosted its stake in 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 buying an additional 703 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of 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 acquiring an additional 708 shares during the last quarter. Andina Capital Management LLC boosted its position in shares of Liberty Energy by 4.4% during the 3rd quarter. Andina Capital Management LLC now owns 19,413 shares of the company’s stock worth $371,000 after purchasing an additional 814 shares during the period. Covestor Ltd increased its holdings in Liberty Energy by 96.8% in 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 raised its position in Liberty Energy by 24.8% in the third 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 period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Energy Price Performance

Shares of LBRT opened at $17.94 on Tuesday. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 9.59 and a beta of 1.63. The firm’s fifty day simple moving average is $19.59 and its 200-day simple moving average is $19.28. Liberty Energy Inc. has a twelve month low of $16.57 and a twelve 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.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share 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%. Equities analysts forecast that Liberty Energy Inc. will post 0.58 EPS 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. Investors of record on Thursday, March 6th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Thursday, March 6th. Liberty Energy’s payout ratio is 17.11%.

Insider Activity at Liberty Energy

In other news, CEO Christopher A. Wright sold 2,936 shares of Liberty Energy stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $19.16, for a total transaction 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. The trade was a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Stock sold 10,000 shares of the company’s stock in a transaction dated 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 directly owns 705,207 shares of the company’s stock, valued at approximately $13,039,277.43. This trade represents a 1.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,936 shares of company stock valued at $1,341,184 over the last three months. 3.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LBRT has been the subject of several research analyst reports. Citigroup raised their price target on Liberty Energy from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Wells Fargo & Company lowered 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 boosted their price target on shares of Liberty Energy from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Seaport Res Ptn raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, January 5th. Finally, Royal Bank of Canada dropped their price objective on shares of Liberty Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Five investment 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.30.

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.