Vestcor Inc Sells 25,000 Shares of Liberty Energy Inc. (NYSE:LBRT)

Vestcor Inc trimmed its position in Liberty Energy Inc. (NYSE:LBRT) by 66.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,698 shares of the company’s stock after selling 25,000 shares during the period. Vestcor Inc’s holdings in Liberty Energy were worth $253,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP boosted its position in shares of Liberty Energy by 237.5% in the 3rd quarter. Quarry LP now owns 1,991 shares of the company’s stock worth $38,000 after purchasing an additional 1,401 shares in the last quarter. Blue Trust Inc. boosted its holdings in Liberty Energy by 604.9% in the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the company’s stock worth $47,000 after acquiring an additional 2,111 shares in the last quarter. Spire Wealth Management acquired a new stake in Liberty Energy in the fourth quarter worth about $60,000. Smartleaf Asset Management LLC grew its stake in shares of Liberty Energy by 176.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company’s stock worth $67,000 after acquiring an additional 2,184 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Liberty Energy by 24.8% during the third quarter. KBC Group NV now owns 4,906 shares of the company’s stock valued at $94,000 after acquiring an additional 974 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Energy Stock Down 0.0 %

Shares of LBRT stock opened at $14.54 on Tuesday. Liberty Energy Inc. has a twelve month low of $13.86 and a twelve month high of $24.75. The stock has a market cap of $2.35 billion, a P/E ratio of 7.77 and a beta of 1.58. The stock has a 50 day moving average of $18.62 and a 200 day moving average of $18.80. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data 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%. As a group, sell-side analysts expect that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.20%. Liberty Energy’s dividend payout ratio (DPR) is currently 17.11%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. TD Cowen dropped their target price on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company cut their target price on 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 lifted their price target on Liberty Energy from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. 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. 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 given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Liberty Energy has an average rating of “Moderate Buy” and an average target price of $22.30.

Insider Transactions at Liberty Energy

In related news, CFO Michael Stock sold 10,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was 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 of the company’s stock, valued at approximately $12,868,218.48. This represents a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 40,000 shares of company stock valued at $808,350 in the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

About Liberty Energy

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.