CWA Asset Management Group LLC Sells 487 Shares of Liberty Energy Inc. (NYSE:LBRT)

CWA Asset Management Group LLC lessened its stake in Liberty Energy Inc. (NYSE:LBRT) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,287 shares of the company’s stock after selling 487 shares during the quarter. CWA Asset Management Group LLC’s holdings in Liberty Energy were worth $463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Creative Planning boosted its position in shares of Liberty Energy by 3.7% during the third quarter. Creative Planning now owns 19,456 shares of the company’s stock valued at $371,000 after buying an additional 703 shares during the last quarter. Andina Capital Management LLC boosted its holdings in shares of Liberty Energy by 4.4% during the 3rd quarter. Andina Capital Management LLC now owns 19,413 shares of the company’s stock valued at $371,000 after acquiring an additional 814 shares during the last quarter. Covestor Ltd grew its stake in shares of Liberty Energy by 96.8% in the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock worth $33,000 after acquiring an additional 838 shares during the period. KBC Group NV raised 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 purchasing an additional 974 shares during the last quarter. Finally, Prospera Financial Services Inc lifted its position in Liberty Energy by 7.3% during the third quarter. Prospera Financial Services Inc now owns 16,047 shares of the company’s stock valued at $306,000 after purchasing an additional 1,091 shares during the period. Institutional investors own 98.22% of the company’s stock.

Insider Buying and Selling

In other Liberty Energy news, CEO Christopher A. Wright sold 2,037 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $18.15, for a total value of $36,971.55. Following the sale, the chief executive officer now owns 2,578,813 shares in the company, valued at $46,805,455.95. The trade was a 0.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Stock sold 20,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $20.82, for a total value of $416,400.00. Following the transaction, the chief financial officer now owns 680,207 shares of the company’s stock, valued at approximately $14,161,909.74. The trade was a 2.86 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,973 shares of company stock worth $1,471,335. 3.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

LBRT has been the subject of a number of research reports. The Goldman Sachs Group assumed coverage on shares of Liberty Energy in a research note on Friday, December 13th. They set a “neutral” rating and a $19.00 target price for the company. TD Cowen reduced their price objective on Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday. Atb Cap Markets raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Evercore ISI upgraded Liberty Energy to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Stifel Nicolaus lowered their price objective on shares of Liberty Energy from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday. Five 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.20.

Liberty Energy Price Performance

NYSE LBRT opened at $21.34 on Thursday. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. Liberty Energy Inc. has a 12 month low of $16.57 and a 12 month high of $24.75. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 10.16 and a beta of 1.66. The company’s 50 day moving average is $18.48 and its two-hundred day moving average is $19.65.

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

Liberty Energy Increases Dividend

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

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.