Yousif Capital Management LLC Sells 1,794 Shares of Liberty Energy Inc. (NYSE:LBRT)

Yousif Capital Management LLC reduced its position in shares of Liberty Energy Inc. (NYSE:LBRT) by 2.8% during the fourth quarter, Holdings Channel reports. The firm owned 61,622 shares of the company’s stock after selling 1,794 shares during the period. Yousif Capital Management LLC’s holdings in Liberty Energy were worth $1,226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Creative Planning lifted its position in shares of Liberty Energy by 3.7% during the 3rd quarter. Creative Planning now owns 19,456 shares of the company’s stock worth $371,000 after buying an additional 703 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Liberty Energy by 0.9% in the fourth 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% in 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 last quarter. Covestor Ltd grew its stake 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 period. Finally, KBC Group NV increased its position in shares of Liberty Energy by 24.8% during the 3rd 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 last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LBRT has been the subject of several research reports. Evercore ISI upgraded shares of Liberty Energy to a “strong-buy” rating in a research report on Thursday, October 17th. Royal Bank of Canada reduced their target price on shares of Liberty Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Stifel Nicolaus upped their price objective on Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Seaport Res Ptn raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, January 5th. Finally, The Goldman Sachs Group initiated coverage on Liberty Energy in a research report on Friday, December 13th. They set a “neutral” rating and a $19.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Liberty Energy has an average rating of “Moderate Buy” and an average target price of $22.30.

Insider Activity at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of Liberty Energy stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $18.49, for a total transaction 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 $13,039,277.43. The trade was a 1.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher A. Wright sold 2,936 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $19.16, for a total value of $56,253.76. Following the transaction, the chief executive officer now owns 2,543,877 shares in the company, valued at $48,740,683.32. This trade represents a 0.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 68,936 shares of company stock valued at $1,341,184 over the last three months. 3.60% of the stock is owned by corporate insiders.

Liberty Energy Stock Performance

Liberty Energy stock opened at $17.54 on Friday. Liberty Energy Inc. has a 1-year low of $16.57 and a 1-year 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 0.10. The firm has a market capitalization of $2.87 billion, a PE ratio of 9.38 and a beta of 1.63. The firm’s 50 day simple moving average is $19.69 and its 200 day simple moving average is $19.51.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, analysts expect that Liberty Energy Inc. will post 0.62 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The business also recently disclosed 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. This represents a $0.32 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Thursday, March 6th. Liberty Energy’s dividend payout ratio (DPR) is 17.11%.

About Liberty Energy

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.