Stratos Wealth Partners LTD. Makes New $273,000 Investment in Liberty Energy Inc. (NYSE:LBRT)

Stratos Wealth Partners LTD. acquired a new stake in shares of Liberty Energy Inc. (NYSE:LBRT) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 13,739 shares of the company’s stock, valued at approximately $273,000.

Several other institutional investors have also added to or reduced their stakes in the business. Creative Planning boosted its position in Liberty Energy by 28.6% in the second quarter. Creative Planning now owns 18,753 shares of the company’s stock valued at $392,000 after buying an additional 4,169 shares during the last quarter. Cetera Investment Advisers boosted its position in Liberty Energy by 6.3% in the 2nd quarter. Cetera Investment Advisers now owns 52,948 shares of the company’s stock worth $1,106,000 after purchasing an additional 3,132 shares in the last quarter. GAMMA Investing LLC grew 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 purchasing an additional 1,431 shares during the period. CWM LLC increased its holdings in shares of Liberty Energy by 56.5% during the 3rd quarter. CWM LLC now owns 9,722 shares of the company’s stock valued at $186,000 after purchasing an additional 3,509 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Liberty Energy by 2,958.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 53,242 shares of the company’s stock valued at $1,016,000 after purchasing an additional 51,501 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Insiders Place Their Bets

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the company’s 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Christopher A. Wright sold 16,000 shares of Liberty Energy stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $18.23, for a total value of $291,680.00. Following the transaction, the chief executive officer now directly owns 2,562,813 shares in the company, valued at approximately $46,720,080.99. This trade represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,936 shares of company stock worth $1,341,184 in the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Liberty Energy Price Performance

Shares of LBRT opened at $17.54 on Friday. The firm has a 50-day simple moving average of $19.69 and a two-hundred day simple moving average of $19.51. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.27 and a quick ratio of 0.97. Liberty Energy Inc. has a 1-year low of $16.57 and a 1-year high of $24.75. The stock has a market cap of $2.87 billion, a PE ratio of 9.38 and a beta of 1.63.

Liberty Energy (NYSE:LBRT) last posted its earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share (EPS) 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%. As a group, analysts forecast that Liberty Energy Inc. will post 0.62 EPS for the current year.

Liberty Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders 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 yield of 1.82%. The ex-dividend date is Thursday, March 6th. Liberty Energy’s dividend payout ratio is currently 17.11%.

Analyst Upgrades and Downgrades

LBRT has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of Liberty Energy from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus upped their price target on shares of Liberty Energy from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Atb Cap Markets upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. TD Cowen dropped their target price on Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, Royal Bank of Canada reduced their price target on shares of Liberty Energy from $26.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Liberty Energy presently has an average rating of “Moderate Buy” and an average target price of $22.30.

Liberty Energy 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.