Pacer Advisors Inc. Has $126.65 Million Stock Position in Liberty Energy Inc. (NYSE:LBRT)

Pacer Advisors Inc. lessened its holdings in Liberty Energy Inc. (NYSE:LBRT) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,367,592 shares of the company’s stock after selling 644,790 shares during the period. Pacer Advisors Inc. owned 3.90% of Liberty Energy worth $126,651,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LBRT. Creative Planning lifted its position in shares of Liberty Energy by 3.7% in 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 last quarter. Harbor Capital Advisors Inc. lifted its holdings 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 during the last quarter. Andina Capital Management LLC boosted its position in Liberty Energy by 4.4% during the third 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 grew its holdings in Liberty Energy by 96.8% during the third 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 shares of 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.

Analyst Upgrades and Downgrades

LBRT has been the topic of a number of research analyst reports. TD Cowen lowered their target price 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. Royal Bank of Canada lowered their price target on Liberty Energy from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. Barclays dropped their price objective on Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Citigroup increased their target price on Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Evercore ISI raised Liberty Energy to a “strong-buy” rating in a research report on Thursday, October 17th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.20.

Insiders Place Their Bets

In other Liberty Energy news, CFO Michael Stock sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $18.45, for a total transaction of $92,250.00. Following the completion of the transaction, the chief financial officer now owns 720,207 shares in the company, valued at $13,287,819.15. This trade represents a 0.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher A. Wright sold 2,037 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $18.15, for a total value of $36,971.55. Following the completion of the sale, the chief executive officer now owns 2,578,813 shares in the company, valued at approximately $46,805,455.95. This represents a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,973 shares of company stock worth $1,586,335 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Liberty Energy Price Performance

Shares of LBRT stock opened at $22.30 on Monday. Liberty Energy Inc. has a 12 month low of $16.57 and a 12 month high of $24.75. The company has a market capitalization of $3.64 billion, a P/E ratio of 10.62 and a beta of 1.66. The stock has a 50 day moving average of $19.67 and a two-hundred day moving average of $19.81. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17.

Liberty Energy Announces Dividend

The company 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 $0.08 dividend. 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 currently 15.24%.

Liberty Energy 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.