Liberty Energy Inc. (NYSE:LBRT) Stock Holdings Decreased by Choreo LLC

Choreo LLC lessened its stake in Liberty Energy Inc. (NYSE:LBRT) by 9.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 25,576 shares of the company’s stock after selling 2,736 shares during the period. Choreo LLC’s holdings in Liberty Energy were worth $503,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LBRT. Covestor Ltd increased its holdings in Liberty Energy by 96.8% in the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after buying an additional 838 shares during the last quarter. Quarry LP grew its position in shares of Liberty Energy by 237.5% in the 3rd quarter. Quarry LP now owns 1,991 shares of the company’s stock worth $38,000 after acquiring an additional 1,401 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Liberty Energy by 604.9% in the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the company’s stock valued at $47,000 after acquiring an additional 2,111 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of Liberty Energy during the 4th quarter valued at approximately $60,000. Finally, GAMMA Investing LLC raised its position in shares of Liberty Energy by 82.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,174 shares of the company’s stock valued at $61,000 after acquiring an additional 1,431 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Michael Stock sold 10,000 shares of Liberty Energy stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $18.49, for a total transaction of $184,900.00. Following the transaction, the chief financial officer now directly owns 705,207 shares in the company, valued at approximately $13,039,277.43. This trade represents a 1.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher A. Wright sold 2,936 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $19.16, for a total value of $56,253.76. Following the completion of the sale, the chief executive officer now owns 2,543,877 shares of the company’s stock, valued at approximately $48,740,683.32. This trade represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,936 shares of company stock worth $1,341,184. 3.60% of the stock is owned by corporate insiders.

Liberty Energy Stock Performance

Shares of LBRT stock opened at $17.75 on Wednesday. Liberty Energy Inc. has a 12-month low of $16.57 and a 12-month high of $24.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.27 and a quick ratio of 0.97. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 9.49 and a beta of 1.63. The business has a 50 day simple moving average of $19.71 and a 200 day simple moving average of $19.53.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings results 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%. On average, equities research analysts anticipate that Liberty Energy Inc. will post 0.62 EPS for the current year.

Liberty Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, March 6th. This represents a $0.32 annualized dividend and a yield of 1.80%. Liberty Energy’s payout ratio is 17.11%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LBRT shares. Royal Bank of Canada lowered 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 note on Friday, January 31st. Stifel Nicolaus increased their price objective 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. Citigroup raised their target price on shares of Liberty Energy from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Atb Cap Markets raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Barclays cut their price target on Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Five equities 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 stock. According to data from MarketBeat.com, Liberty Energy has a consensus rating of “Moderate Buy” and an average target price of $22.30.

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.