Fort Sheridan Advisors LLC Has $491,000 Stock Holdings in Liberty Energy Inc. (NYSE:LBRT)

Fort Sheridan Advisors LLC reduced its position in Liberty Energy Inc. (NYSE:LBRT) by 32.8% in the 4th quarter, HoldingsChannel reports. The firm owned 24,675 shares of the company’s stock after selling 12,037 shares during the period. Fort Sheridan Advisors LLC’s holdings in Liberty Energy were worth $491,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of LBRT. Covestor Ltd raised its stake in Liberty Energy by 96.8% in the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after buying an additional 838 shares during the period. Quarry LP increased its holdings in shares of Liberty Energy by 237.5% during the 3rd 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 last quarter. Blue Trust Inc. raised its stake in Liberty Energy by 604.9% in 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 during the period. Spire Wealth Management acquired a new stake in Liberty Energy during the 4th quarter valued at $60,000. Finally, US Bancorp DE boosted its position in Liberty Energy by 93.2% during the third quarter. US Bancorp DE now owns 4,180 shares of the company’s stock worth $80,000 after purchasing an additional 2,016 shares during the period. Institutional investors own 98.22% of the company’s stock.

Insider Activity

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $18.49, for a total transaction of $184,900.00. Following the completion of the transaction, the chief financial officer now owns 705,207 shares of the company’s stock, valued at approximately $13,039,277.43. The trade was a 1.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher A. Wright sold 2,936 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $19.16, for a total transaction of $56,253.76. Following the completion of the sale, the chief executive officer now owns 2,543,877 shares in the company, valued at approximately $48,740,683.32. The trade was a 0.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,936 shares of company stock worth $1,341,184. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on LBRT shares. Royal Bank of Canada cut their target price on shares of Liberty Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a research note 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. Seaport Res Ptn raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, January 5th. Wells Fargo & Company dropped their price target on Liberty Energy from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Citigroup boosted their price target on Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.30.

Liberty Energy Stock Up 0.9 %

LBRT stock opened at $17.37 on Friday. The company has a market cap of $2.81 billion, a PE ratio of 9.29 and a beta of 1.63. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. Liberty Energy Inc. has a 52 week low of $16.57 and a 52 week high of $24.75. The business has a 50-day simple moving average of $19.55 and a 200 day simple moving average of $19.24.

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

Liberty Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, March 6th. Liberty Energy’s dividend payout ratio is presently 17.11%.

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.