Y Intercept Hong Kong Ltd Cuts Stock Position in Liberty Energy Inc. (NYSE:LBRT)

Y Intercept Hong Kong Ltd cut its holdings in Liberty Energy Inc. (NYSE:LBRT) by 47.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,077 shares of the company’s stock after selling 38,212 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Liberty Energy were worth $837,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Covestor Ltd grew its holdings in shares of 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 purchasing an additional 838 shares in the last quarter. Quarry LP grew its holdings in shares of Liberty Energy by 237.5% in the third quarter. Quarry LP now owns 1,991 shares of the company’s stock valued at $38,000 after purchasing an additional 1,401 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Liberty Energy by 604.9% in the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the company’s stock valued at $47,000 after purchasing an additional 2,111 shares in the last quarter. Spire Wealth Management purchased a new position in shares of Liberty Energy in the fourth quarter valued at $60,000. Finally, US Bancorp DE grew its holdings in shares of Liberty Energy by 93.2% in the third quarter. US Bancorp DE now owns 4,180 shares of the company’s stock valued at $80,000 after purchasing an additional 2,016 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Michael Stock sold 10,000 shares of the firm’s 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 owns 705,207 shares in the company, valued at approximately $13,039,277.43. This trade represents a 1.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Christopher A. Wright sold 16,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $18.23, for a total value of $291,680.00. Following the transaction, the chief executive officer now owns 2,562,813 shares in the company, valued at approximately $46,720,080.99. This represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,936 shares of company stock worth $1,341,184. Company insiders own 3.70% of the company’s stock.

Liberty Energy Stock Up 0.9 %

NYSE:LBRT opened at $17.37 on Friday. Liberty Energy Inc. has a twelve month low of $16.57 and a twelve month high of $24.75. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 9.29 and a beta of 1.63. The stock has a fifty day simple moving average of $19.55 and a 200-day simple moving average of $19.24. 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 released its earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.06). Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. Analysts anticipate that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.32 annualized dividend and a dividend yield of 1.84%. Liberty Energy’s dividend payout ratio is currently 17.11%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LBRT. Royal Bank of Canada cut their target price 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. The Goldman Sachs Group initiated coverage on Liberty Energy in a research report on Friday, December 13th. They issued a “neutral” rating and a $19.00 price target for the company. Wells Fargo & Company lowered their price target on Liberty Energy from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Atb Cap Markets upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Stifel Nicolaus raised their price target on Liberty Energy from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Five analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Liberty Energy currently has an average rating of “Moderate Buy” and an average price target 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.