Mutual Advisors LLC Trims Holdings in Liberty Energy Inc. (NYSE:LBRT)

Mutual Advisors LLC reduced its stake in shares of Liberty Energy Inc. (NYSE:LBRT) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,910 shares of the company’s stock after selling 3,292 shares during the quarter. Mutual Advisors LLC’s holdings in Liberty Energy were worth $1,032,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LBRT. Mercer Global Advisors Inc. ADV raised its position in Liberty Energy by 13.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 29,002 shares of the company’s stock valued at $606,000 after purchasing an additional 3,408 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Liberty Energy by 18.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,434 shares of the company’s stock valued at $343,000 after acquiring an additional 2,560 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Liberty Energy by 13.1% in the second quarter. Hsbc Holdings PLC now owns 78,994 shares of the company’s stock valued at $1,657,000 after acquiring an additional 9,137 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Liberty Energy by 34.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,498,921 shares of the company’s stock worth $31,312,000 after acquiring an additional 381,841 shares during the period. Finally, Scientech Research LLC bought a new position in shares of Liberty Energy during the second quarter valued at approximately $234,000. 98.22% of the stock is currently owned by institutional investors.

Liberty Energy Trading Down 1.9 %

Shares of LBRT opened at $22.30 on Friday. The firm’s fifty day moving average is $19.67 and its two-hundred day moving average is $19.81. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.64 billion, a PE ratio of 10.62 and a beta of 1.66. Liberty Energy Inc. has a 52-week low of $16.57 and a 52-week high of $24.75.

Liberty Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Thursday, March 6th. Liberty Energy’s dividend payout ratio is currently 15.24%.

Insiders Place Their Bets

In related news, CEO Christopher A. Wright sold 2,037 shares of Liberty Energy 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 trade represents a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Stock sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $18.45, for a total value of $92,250.00. Following the completion of the sale, the chief financial officer now owns 720,207 shares in the company, valued at $13,287,819.15. This represents a 0.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,973 shares of company stock valued at $1,586,335. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LBRT. Seaport Res Ptn raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, January 5th. The Goldman Sachs Group began coverage on Liberty Energy in a research report on Friday, December 13th. They issued a “neutral” rating and a $19.00 target price on the stock. Evercore ISI raised shares of Liberty Energy to a “strong-buy” rating in a research report on Thursday, October 17th. Wells Fargo & Company reduced their price objective on Liberty Energy from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Finally, Stifel Nicolaus decreased their target price on shares of Liberty Energy from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Five analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.20.

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.