Andina Capital Management LLC Has $377,000 Holdings in Liberty Energy Inc. (NYSE:LBRT)

Andina Capital Management LLC decreased its position in Liberty Energy Inc. (NYSE:LBRT) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,947 shares of the company’s stock after selling 466 shares during the period. Andina Capital Management LLC’s holdings in Liberty Energy were worth $377,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Exchange Traded Concepts LLC boosted its holdings in Liberty Energy by 5.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 56,226 shares of the company’s stock worth $1,118,000 after purchasing an additional 2,984 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Liberty Energy in the 4th quarter worth approximately $311,000. Park Avenue Securities LLC grew its holdings in shares of Liberty Energy by 5.0% in the fourth quarter. Park Avenue Securities LLC now owns 29,700 shares of the company’s stock valued at $591,000 after acquiring an additional 1,423 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in shares of Liberty Energy in the fourth quarter valued at approximately $498,000. Finally, Cooper Financial Group purchased a new stake in shares of Liberty Energy during the fourth quarter valued at approximately $209,000. Institutional investors own 98.22% of the company’s stock.

Liberty Energy Price Performance

LBRT stock opened at $22.30 on Friday. The firm has a 50 day simple moving average of $19.67 and a two-hundred day simple moving average of $19.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.97. The stock has a market cap of $3.64 billion, a PE ratio of 10.62 and a beta of 1.66. Liberty Energy Inc. has a one year low of $16.57 and a one year high of $24.75.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, March 6th. This represents a $0.32 annualized dividend and a dividend yield of 1.43%. Liberty Energy’s dividend payout ratio (DPR) is presently 15.24%.

Insider Buying and Selling at Liberty Energy

In other Liberty Energy news, CEO Christopher A. Wright sold 2,936 shares of Liberty Energy stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $19.16, for a total value of $56,253.76. Following the transaction, the chief executive officer now directly owns 2,543,877 shares of the company’s stock, valued at $48,740,683.32. The trade was a 0.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Stock sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $17.21, for a total value of $86,050.00. Following the completion of the sale, the chief financial officer now owns 725,207 shares of the company’s stock, valued at $12,480,812.47. The trade was a 0.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,973 shares of company stock worth $1,586,335 over the last ninety days. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Evercore ISI raised Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. Citigroup boosted their price objective on Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Stifel Nicolaus reduced their target price on Liberty Energy from $25.00 to $23.00 and set a “buy” rating for the company in a report on Monday, January 6th. Royal Bank of Canada cut their price objective 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. Finally, Barclays decreased their target price on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Liberty Energy presently has an average rating of “Moderate Buy” and an average price target of $22.20.

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.