Horizon Kinetics Asset Management LLC Reduces Stock Position in Liberty Energy Inc. (NYSE:LBRT)

Horizon Kinetics Asset Management LLC reduced its holdings in Liberty Energy Inc. (NYSE:LBRT) by 13.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 224,849 shares of the company’s stock after selling 35,758 shares during the period. Horizon Kinetics Asset Management LLC owned approximately 0.14% of Liberty Energy worth $4,472,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in LBRT. Quarry LP boosted its stake in shares of Liberty Energy by 237.5% during 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 period. Blue Trust Inc. boosted its stake in shares of Liberty Energy by 604.9% during the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the company’s stock worth $47,000 after purchasing an additional 2,111 shares during the period. Spire Wealth Management purchased a new position in shares of Liberty Energy during the 4th quarter worth about $60,000. Smartleaf Asset Management LLC boosted its stake in shares of Liberty Energy by 176.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company’s stock worth $67,000 after purchasing an additional 2,184 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Liberty Energy by 93.2% during the 3rd quarter. US Bancorp DE now owns 4,180 shares of the company’s stock worth $80,000 after purchasing an additional 2,016 shares during the period. 98.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LBRT shares. Atb Cap Markets raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. TD Cowen decreased their price objective on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company decreased their price objective on shares of Liberty Energy from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Seaport Res Ptn upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th. Finally, Royal Bank of Canada decreased their price objective 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. Five investment 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 stock. According to MarketBeat, Liberty Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.30.

Insiders Place Their Bets

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $17.94, for a total transaction of $179,400.00. Following the sale, the chief financial officer now owns 717,292 shares of the company’s stock, valued at approximately $12,868,218.48. The trade was a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 40,000 shares of company stock valued at $808,350. Insiders own 1.90% of the company’s stock.

Liberty Energy Trading Up 3.0 %

NYSE:LBRT opened at $14.55 on Monday. Liberty Energy Inc. has a one year low of $13.85 and a one year high of $24.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.27. The firm has a market cap of $2.36 billion, a P/E ratio of 7.78 and a beta of 1.58. The firm has a 50-day simple moving average of $18.62 and a 200-day simple moving average of $18.80.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.06). Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. Equities analysts anticipate that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, March 6th. Liberty Energy’s payout ratio is currently 17.11%.

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.