Farther Finance Advisors LLC Has $493,000 Stock Holdings in Liberty Energy Inc. (NYSE:LBRT)

Farther Finance Advisors LLC raised its stake in Liberty Energy Inc. (NYSE:LBRT) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,810 shares of the company’s stock after buying an additional 2,197 shares during the quarter. Farther Finance Advisors LLC’s holdings in Liberty Energy were worth $493,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. increased its stake in Liberty Energy by 0.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 82,223 shares of the company’s stock valued at $1,635,000 after buying an additional 708 shares during the period. KBC Group NV increased its stake in Liberty Energy by 24.8% in the 3rd quarter. KBC Group NV now owns 4,906 shares of the company’s stock valued at $94,000 after buying an additional 974 shares during the period. Prospera Financial Services Inc increased its stake in Liberty Energy by 7.3% in the 3rd quarter. Prospera Financial Services Inc now owns 16,047 shares of the company’s stock valued at $306,000 after buying an additional 1,091 shares during the period. Empirical Finance LLC increased its stake in Liberty Energy by 2.2% in the 4th quarter. Empirical Finance LLC now owns 54,149 shares of the company’s stock valued at $1,077,000 after buying an additional 1,185 shares during the period. Finally, Quarry LP increased its stake 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 buying an additional 1,401 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Insider Activity at Liberty Energy

In other news, CFO Michael Stock sold 5,000 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $23.00, for a total value of $115,000.00. Following the completion of the transaction, the chief financial officer now owns 675,207 shares in the company, valued at approximately $15,529,761. This represents a 0.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 40,000 shares of company stock worth $808,350 in the last ninety days. 1.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Atb Cap Markets raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Stifel Nicolaus boosted their target price on shares of Liberty Energy from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Royal Bank of Canada decreased 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 report on Friday, January 31st. The Goldman Sachs Group assumed coverage on shares of Liberty Energy in a research report on Friday, December 13th. They issued a “neutral” rating and a $19.00 target price for the company. Finally, TD Cowen decreased their target price on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Liberty Energy has a consensus rating of “Moderate Buy” and a consensus price target of $22.30.

Liberty Energy Price Performance

NYSE LBRT opened at $14.55 on Monday. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $18.62 and a 200 day simple moving average of $18.80. The company has a market cap of $2.36 billion, a P/E ratio of 7.78 and a beta of 1.58. Liberty Energy Inc. has a 1 year low of $13.85 and a 1 year high of $24.75.

Liberty Energy (NYSE:LBRT) last released 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%. On average, sell-side analysts predict that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Thursday, March 6th. Liberty Energy’s payout ratio is currently 17.11%.

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.