Sanctuary Advisors LLC Buys 3,160 Shares of Liberty Energy Inc. (NYSE:LBRT)

Sanctuary Advisors LLC lifted its stake in shares of Liberty Energy Inc. (NYSE:LBRT) by 11.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,077 shares of the company’s stock after purchasing an additional 3,160 shares during the quarter. Sanctuary Advisors LLC’s holdings in Liberty Energy were worth $590,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Creative Planning grew its stake in shares of Liberty Energy by 3.7% during the third quarter. Creative Planning now owns 19,456 shares of the company’s stock worth $371,000 after buying an additional 703 shares during the last quarter. Andina Capital Management LLC grew its position in Liberty Energy by 4.4% during the 3rd quarter. Andina Capital Management LLC now owns 19,413 shares of the company’s stock worth $371,000 after acquiring an additional 814 shares during the last quarter. Covestor Ltd increased its holdings in Liberty Energy by 96.8% in the 3rd quarter. Covestor Ltd now owns 1,704 shares of the company’s stock worth $33,000 after purchasing an additional 838 shares in the last quarter. nVerses Capital LLC raised its position in Liberty Energy by 45.0% in the second quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock valued at $61,000 after purchasing an additional 900 shares during the last quarter. Finally, KBC Group NV boosted its stake 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 in the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Energy Trading Up 1.1 %

Shares of LBRT stock opened at $18.71 on Wednesday. Liberty Energy Inc. has a fifty-two week low of $16.57 and a fifty-two week high of $24.75. 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 stock has a 50 day simple moving average of $18.07 and a two-hundred day simple moving average of $19.77. The company has a market cap of $3.06 billion, a P/E ratio of 8.91 and a beta of 1.71.

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

Liberty Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued 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 1.71%. This is a positive change from Liberty Energy’s previous quarterly dividend of $0.07. Liberty Energy’s dividend payout ratio is currently 15.24%.

Wall Street Analysts Forecast Growth

LBRT has been the subject of a number of research reports. Evercore ISI upgraded shares of Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. Atb Cap Markets raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Stifel Nicolaus reduced their price objective on shares of Liberty Energy from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. The Goldman Sachs Group assumed coverage on Liberty Energy in a research report on Friday, December 13th. They set a “neutral” rating and a $19.00 target price for the company. Finally, Royal Bank of Canada decreased their price target on Liberty Energy from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, October 18th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.50.

Insider Activity

In other Liberty Energy news, CFO Michael Stock sold 15,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $19.23, for a total value of $288,450.00. Following the transaction, the chief financial officer now owns 730,207 shares in the company, valued at approximately $14,041,880.61. This represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher A. Wright sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $19.77, for a total value of $395,400.00. Following the sale, the chief executive officer now owns 2,638,813 shares of the company’s stock, valued at approximately $52,169,333.01. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 87,973 shares of company stock worth $1,641,235 in the last three months. Company insiders own 3.70% of the company’s stock.

Liberty Energy Company 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.