Sanctuary Advisors LLC Purchases 2,139 Shares of Liberty Energy Inc. (NYSE:LBRT)

Sanctuary Advisors LLC increased its position in Liberty Energy Inc. (NYSE:LBRT) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,216 shares of the company’s stock after purchasing an additional 2,139 shares during the period. Sanctuary Advisors LLC’s holdings in Liberty Energy were worth $637,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of Liberty Energy by 2.8% in the 4th quarter. Principal Financial Group Inc. now owns 897,040 shares of the company’s stock worth $17,842,000 after purchasing an additional 24,825 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Liberty Energy by 27.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 120,989 shares of the company’s stock valued at $2,406,000 after acquiring an additional 26,036 shares in the last quarter. Principal Securities Inc. lifted its stake in Liberty Energy by 13.7% during the 4th quarter. Principal Securities Inc. now owns 15,334 shares of the company’s stock valued at $305,000 after acquiring an additional 1,849 shares in the last quarter. Blue Trust Inc. lifted 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. Finally, Van ECK Associates Corp lifted its stake in Liberty Energy by 8.1% during the 4th quarter. Van ECK Associates Corp now owns 2,082,239 shares of the company’s stock valued at $41,416,000 after acquiring an additional 156,006 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.

Liberty Energy Trading Down 0.7 %

Shares of LBRT opened at $17.29 on Friday. The business has a 50-day moving average of $19.53 and a 200 day moving average of $19.23. Liberty Energy Inc. has a fifty-two week low of $16.57 and a fifty-two week high of $24.75. The firm has a market cap of $2.80 billion, a P/E ratio of 9.24 and a beta of 1.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.27.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data 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 return on equity of 14.28% and a net margin of 7.32%. As a group, research analysts forecast that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Announces Dividend

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 issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, March 6th. Liberty Energy’s dividend payout ratio (DPR) is currently 17.11%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. 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. The Goldman Sachs Group assumed coverage on Liberty Energy in a research note on Friday, December 13th. They set a “neutral” rating and a $19.00 price objective on the stock. Citigroup raised their price objective on Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. TD Cowen dropped their price objective 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. Finally, Seaport Res Ptn upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Sunday, January 5th. Five research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.30.

Insider Buying and Selling

In other Liberty Energy news, CFO Michael Stock sold 5,000 shares of Liberty Energy stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $19.51, for a total transaction of $97,550.00. Following the completion of the transaction, the chief financial officer now owns 700,207 shares of the company’s stock, valued at $13,661,038.57. The trade was a 0.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher A. Wright sold 2,936 shares of Liberty Energy stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $19.16, for a total value of $56,253.76. Following the transaction, the chief executive officer now directly owns 2,543,877 shares of the company’s stock, valued at $48,740,683.32. The trade was a 0.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,936 shares of company stock valued at $1,341,184. 3.60% of the stock is owned by insiders.

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.