Horizon Kinetics Asset Management LLC Reduces Stock Holdings in Liberty Energy Inc. (NYSE:LBRT)

Horizon Kinetics Asset Management LLC reduced its holdings in Liberty Energy Inc. (NYSE:LBRT) by 13.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 224,849 shares of the company’s stock after selling 35,758 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Liberty Energy were worth $4,472,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in LBRT. FMR LLC boosted its holdings in shares of Liberty Energy by 17.1% in the 3rd quarter. FMR LLC now owns 18,115,282 shares of the company’s stock valued at $345,821,000 after acquiring an additional 2,640,119 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Liberty Energy by 61.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company’s stock valued at $60,061,000 after acquiring an additional 1,193,918 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Liberty Energy by 15.9% in the 3rd quarter. Pacer Advisors Inc. now owns 7,012,382 shares of the company’s stock valued at $133,866,000 after acquiring an additional 963,068 shares during the last quarter. Bridgewater Associates LP boosted its holdings in shares of Liberty Energy by 285.1% in the 3rd quarter. Bridgewater Associates LP now owns 700,814 shares of the company’s stock valued at $13,379,000 after acquiring an additional 518,830 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Liberty Energy in the 4th quarter valued at $6,792,000. 98.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Energy Stock Performance

NYSE:LBRT opened at $14.55 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.27. The company has a fifty day moving average of $18.62 and a two-hundred day moving average of $18.80. The stock has a market capitalization of $2.36 billion, a PE ratio of 7.78 and a beta of 1.58. Liberty Energy Inc. has a fifty-two week low of $13.85 and a fifty-two week high of $24.75.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, January 29th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. As a group, research analysts forecast that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, March 6th. Liberty Energy’s dividend payout ratio (DPR) is 17.11%.

Insider Activity

In other news, CFO Michael Stock sold 5,000 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $19.51, for a total value of $97,550.00. Following the completion of the sale, the chief financial officer now directly owns 700,207 shares in the company, valued at $13,661,038.57. This represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 40,000 shares of company stock worth $808,350 over the last three months. Insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of Liberty Energy from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Citigroup boosted their target price on shares of Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group assumed coverage on shares of Liberty Energy in a research note on Friday, December 13th. They issued a “neutral” rating and a $19.00 target price for the company. Stifel Nicolaus boosted their target price on shares of Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Seaport Res Ptn upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Sunday, January 5th. Five analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Liberty Energy currently has a consensus rating of “Moderate Buy” and an average target price of $22.30.

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.