Liberty Energy Inc. (NYSE:LBRT) Position Lessened by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its stake in Liberty Energy Inc. (NYSE:LBRT) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 465,063 shares of the company’s stock after selling 1,348 shares during the period. Mutual of America Capital Management LLC owned 0.28% of Liberty Energy worth $9,250,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in LBRT. Covestor Ltd lifted its holdings in shares of Liberty Energy by 96.8% in the 3rd quarter. Covestor Ltd now owns 1,704 shares of the company’s stock worth $33,000 after purchasing an additional 838 shares during the last quarter. Quarry LP raised its stake in Liberty Energy by 237.5% during the 3rd quarter. Quarry LP now owns 1,991 shares of the company’s stock valued at $38,000 after acquiring an additional 1,401 shares in the last quarter. Blue Trust Inc. raised its stake in Liberty Energy by 604.9% during 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 in the last quarter. Spire Wealth Management bought a new stake in Liberty Energy during the 4th quarter valued at $60,000. Finally, US Bancorp DE raised its stake in Liberty Energy by 93.2% during the 3rd quarter. US Bancorp DE now owns 4,180 shares of the company’s stock valued at $80,000 after acquiring an additional 2,016 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Insider Buying and Selling

In other news, CEO Christopher A. Wright sold 2,936 shares of Liberty Energy stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $19.16, for a total transaction of $56,253.76. Following the transaction, the chief executive officer now owns 2,543,877 shares in the company, valued at approximately $48,740,683.32. The trade was a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael Stock sold 10,000 shares of Liberty Energy stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.94, for a total value of $179,400.00. Following the transaction, the chief financial officer now owns 717,292 shares in the company, valued at $12,868,218.48. This represents a 1.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 68,936 shares of company stock worth $1,341,184 in the last three months. 3.60% of the stock is currently owned by insiders.

Liberty Energy Stock Performance

Shares of NYSE LBRT opened at $17.29 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 9.24 and a beta of 1.63. The stock’s fifty day simple moving average is $19.51 and its 200 day simple moving average is $19.20. Liberty Energy Inc. has a 52-week low of $16.57 and a 52-week high of $24.75.

Liberty Energy (NYSE:LBRT) last issued its 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%. As a group, sell-side analysts forecast that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, March 6th. Liberty Energy’s payout ratio is 17.11%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LBRT shares. The Goldman Sachs Group started coverage on Liberty Energy in a research note on Friday, December 13th. They set a “neutral” rating and a $19.00 target price on the stock. Stifel Nicolaus lifted their target price on Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, January 31st. TD Cowen cut their target price on Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on Liberty Energy from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Citigroup boosted their price objective on Liberty Energy from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.30.

Liberty Energy Company 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.