Proficio Capital Partners LLC Takes $203,000 Position in Liberty Energy Inc. (NYSE:LBRT)

Proficio Capital Partners LLC bought a new position in shares of Liberty Energy Inc. (NYSE:LBRT) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 10,223 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors have also modified their holdings of the company. Natixis Advisors LLC grew its position in shares of Liberty Energy by 17.8% in the third quarter. Natixis Advisors LLC now owns 24,662 shares of the company’s stock valued at $471,000 after purchasing an additional 3,733 shares during the last quarter. Intech Investment Management LLC acquired a new position in Liberty Energy in the third quarter valued at $904,000. Charles Schwab Investment Management Inc. raised its holdings in Liberty Energy by 8.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,237,247 shares of the company’s stock valued at $42,709,000 after buying an additional 166,443 shares during the period. Citigroup Inc. raised its position in Liberty Energy by 95.5% in the third quarter. Citigroup Inc. now owns 224,165 shares of the company’s stock valued at $4,279,000 after purchasing an additional 109,489 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Liberty Energy by 11.2% during the third quarter. The Manufacturers Life Insurance Company now owns 1,666,741 shares of the company’s stock worth $31,818,000 after purchasing an additional 167,820 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Liberty Energy Price Performance

LBRT stock opened at $16.21 on Friday. Liberty Energy Inc. has a one year low of $13.86 and a one year high of $24.75. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $2.63 billion, a PE ratio of 8.67 and a beta of 1.58. The firm has a 50-day moving average of $17.42 and a two-hundred day moving average of $18.51.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share (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%. On average, analysts forecast that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.97%. The ex-dividend date was Thursday, March 6th. Liberty Energy’s dividend payout ratio is 17.11%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Royal Bank of Canada cut shares of Liberty Energy from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $24.00 to $19.00 in a research report on Monday. The Goldman Sachs Group began coverage on shares of Liberty Energy in a research report on Friday, December 13th. They set a “neutral” rating and a $19.00 price objective for the company. Atb Cap Markets raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Wells Fargo & Company reduced their target price on shares of Liberty Energy from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Finally, Seaport Res Ptn raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Liberty Energy currently has an average rating of “Moderate Buy” and an average price target of $21.90.

Insiders Place Their Bets

In other news, CFO Michael Stock sold 5,000 shares of Liberty Energy stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $23.00, for a total value of $115,000.00. Following the transaction, the chief financial officer now directly owns 675,207 shares in the company, valued at approximately $15,529,761. The trade was a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 40,000 shares of company stock valued at $808,350 over the last three months. 1.90% of the stock is currently owned by 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.