Nisa Investment Advisors LLC Reduces Stock Holdings in Liberty Energy Inc. (NYSE:LBRT)

Nisa Investment Advisors LLC lessened its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,151 shares of the company’s stock after selling 1,161 shares during the period. Nisa Investment Advisors LLC’s holdings in Liberty Energy were worth $401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LBRT. Covestor Ltd increased its holdings in shares of Liberty Energy by 96.8% during the 3rd 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 raised its position in shares of Liberty Energy by 237.5% in the third quarter. Quarry LP now owns 1,991 shares of the company’s stock worth $38,000 after acquiring an additional 1,401 shares during the period. GAMMA Investing LLC boosted its stake in shares of Liberty Energy by 82.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,174 shares of the company’s stock worth $61,000 after acquiring an additional 1,431 shares in the last quarter. US Bancorp DE grew its position 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 valued at $80,000 after acquiring an additional 2,016 shares during the period. Finally, KBC Group NV increased its stake in shares of Liberty Energy by 24.8% in the 3rd quarter. KBC Group NV now owns 4,906 shares of the company’s stock valued at $94,000 after purchasing an additional 974 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Energy Trading Up 2.9 %

LBRT opened at $20.63 on Thursday. The firm has a market cap of $3.37 billion, a P/E ratio of 9.82 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. 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 business has a fifty day simple moving average of $19.83 and a 200-day simple moving average of $19.80.

Liberty Energy (NYSE:LBRT) last issued 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 net margin of 8.02% and a return on equity of 18.50%. On average, equities analysts expect that Liberty Energy Inc. will post 1.66 earnings per share for the current year.

Liberty Energy Announces Dividend

The company also recently announced 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. This represents a $0.32 annualized dividend and a yield of 1.55%. The ex-dividend date is Thursday, March 6th. Liberty Energy’s payout ratio is 15.24%.

Insider Transactions at Liberty Energy

In related news, CFO Michael Stock sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $20.82, for a total transaction of $416,400.00. Following the completion of the transaction, the chief financial officer now owns 680,207 shares in the company, valued at $14,161,909.74. The trade was a 2.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders have sold 82,973 shares of company stock worth $1,586,335 over the last quarter. 3.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Citigroup upped their price objective on shares of Liberty Energy from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Wells Fargo & Company reduced 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. Seaport Res Ptn upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th. Evercore ISI raised Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Atb Cap Markets upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.