Harbor Capital Advisors Inc. Buys 708 Shares of Liberty Energy Inc. (NYSE:LBRT)

Harbor Capital Advisors Inc. raised its stake in Liberty Energy Inc. (NYSE:LBRT) by 0.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 82,223 shares of the company’s stock after acquiring an additional 708 shares during the period. Harbor Capital Advisors Inc.’s holdings in Liberty Energy were worth $1,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Covestor Ltd raised its position in shares of Liberty Energy by 96.8% during 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 last quarter. Quarry LP raised its holdings in Liberty Energy by 237.5% in the 3rd quarter. Quarry LP now owns 1,991 shares of the company’s stock valued at $38,000 after acquiring an additional 1,401 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Liberty Energy by 82.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,174 shares of the company’s stock worth $61,000 after acquiring an additional 1,431 shares during the period. US Bancorp DE grew its holdings in shares of Liberty Energy by 93.2% during the 3rd quarter. US Bancorp DE now owns 4,180 shares of the company’s stock worth $80,000 after purchasing an additional 2,016 shares in the last quarter. Finally, KBC Group NV increased its position 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 purchasing an additional 974 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Energy Price Performance

Liberty Energy stock opened at $21.39 on Monday. Liberty Energy Inc. has a 52 week low of $16.57 and a 52 week high of $24.75. The firm has a market cap of $3.50 billion, a P/E ratio of 10.19 and a beta of 1.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.23. The business’s fifty day moving average is $18.74 and its two-hundred day moving average is $19.67.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the company earned $0.85 EPS. The firm’s revenue was down 6.4% compared to the same quarter last year. Equities research analysts forecast that Liberty Energy Inc. will post 1.72 earnings per share for the current fiscal year.

Liberty Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Friday, December 6th. This is a boost from Liberty Energy’s previous quarterly dividend of $0.07. Liberty Energy’s payout ratio is 15.24%.

Analyst Ratings Changes

LBRT has been the subject of several research reports. TD Cowen reduced their target price on Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. 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 target price on the stock. Royal Bank of Canada dropped their price target on shares of Liberty Energy from $26.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. Stifel Nicolaus decreased their price objective on Liberty Energy from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Barclays lowered their price objective on Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Five investment 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 stock. According to data from MarketBeat, Liberty Energy presently has an average rating of “Moderate Buy” and an average price target of $22.20.

Insiders Place Their Bets

In other news, CFO Michael Stock sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $18.45, for a total transaction of $92,250.00. Following the completion of the sale, the chief financial officer now owns 720,207 shares in the company, valued at $13,287,819.15. The trade was a 0.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher A. Wright sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $17.44, for a total value of $209,280.00. Following the completion of the transaction, the chief executive officer now owns 2,606,813 shares in the company, valued at approximately $45,462,818.72. This represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,973 shares of company stock valued at $1,471,335. 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.