Andina Capital Management LLC Decreases Holdings in Liberty Energy Inc. (NYSE:LBRT)

Andina Capital Management LLC decreased its stake in shares of Liberty Energy Inc. (NYSE:LBRT) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,947 shares of the company’s stock after selling 466 shares during the period. Andina Capital Management LLC’s holdings in Liberty Energy were worth $377,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Covestor Ltd raised its position 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 purchasing an additional 838 shares during the period. Quarry LP lifted its holdings 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 purchasing an additional 1,401 shares during the last quarter. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 1,431 shares during the period. US Bancorp DE grew its stake 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 worth $80,000 after purchasing an additional 2,016 shares in the last quarter. Finally, KBC Group NV raised its holdings in Liberty Energy by 24.8% during the third quarter. KBC Group NV now owns 4,906 shares of the company’s stock worth $94,000 after purchasing an additional 974 shares in the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on LBRT shares. Evercore ISI raised Liberty Energy to a “strong-buy” rating in a research note on Thursday, October 17th. Wells Fargo & Company lowered their price target on shares of Liberty Energy from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 18th. Citigroup lifted their price objective on Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. TD Cowen lowered their target price on Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group started coverage on Liberty Energy in a research note on Friday, December 13th. They issued a “neutral” rating and a $19.00 price target on the stock. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.20.

Insider Buying and Selling at Liberty Energy

In other news, CFO Michael Stock sold 5,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $17.21, for a total value of $86,050.00. Following the completion of the transaction, the chief financial officer now directly owns 725,207 shares in the company, valued at approximately $12,480,812.47. This represents a 0.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher A. Wright sold 12,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $17.44, for a total value of $209,280.00. Following the sale, the chief executive officer now owns 2,606,813 shares in the company, valued at $45,462,818.72. This represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,973 shares of company stock worth $1,586,335 over the last three months. Corporate insiders own 3.60% of the company’s stock.

Liberty Energy Price Performance

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

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a $0.08 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a yield of 1.43%. Liberty Energy’s dividend payout ratio (DPR) is 15.24%.

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.