Proficio Capital Partners LLC Makes New $203,000 Investment in Liberty Energy Inc. (NYSE:LBRT)

Proficio Capital Partners LLC acquired a new stake in shares of Liberty Energy Inc. (NYSE:LBRT) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 10,223 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LBRT. Ieq Capital LLC purchased a new stake in shares of Liberty Energy in the 4th quarter worth about $411,000. New York State Common Retirement Fund increased its holdings in shares of Liberty Energy by 369.9% during the fourth quarter. New York State Common Retirement Fund now owns 234,904 shares of the company’s stock valued at $4,672,000 after acquiring an additional 184,918 shares in the last quarter. CIBC Asset Management Inc purchased a new position in shares of Liberty Energy in the 4th quarter worth about $200,000. Sanctuary Advisors LLC boosted its stake in Liberty Energy by 6.9% in the 4th quarter. Sanctuary Advisors LLC now owns 33,216 shares of the company’s stock worth $637,000 after purchasing an additional 2,139 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in 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. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LBRT. TD Cowen decreased their target price 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. Stifel Nicolaus boosted their price target on Liberty Energy from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. The Goldman Sachs Group began coverage on Liberty Energy in a research report on Friday, December 13th. They set a “neutral” rating and a $19.00 price objective on the stock. Royal Bank of Canada decreased their target price on Liberty Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Finally, Atb Cap Markets raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Five equities research 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.30.

Liberty Energy Trading Up 0.3 %

NYSE:LBRT opened at $14.43 on Thursday. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 7.72 and a beta of 1.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97. The business has a fifty day moving average price of $18.99 and a 200-day moving average price of $18.93. Liberty Energy Inc. has a one year low of $14.10 and a one year high of $24.75.

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

Liberty Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Thursday, March 6th. Liberty Energy’s payout ratio is 17.11%.

Insider Buying and Selling at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 5,000 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $19.51, for a total value of $97,550.00. Following the completion of the sale, the chief financial officer now owns 700,207 shares in the company, valued at approximately $13,661,038.57. This represents a 0.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 40,000 shares of company stock valued at $808,350 over the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

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.