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

Horizon Kinetics Asset Management LLC lowered its position in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 13.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 224,849 shares of the company's stock after selling 35,758 shares during the quarter. Horizon Kinetics Asset Management LLC owned about 0.14% of Liberty Energy worth $4,472,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LBRT. JPMorgan Chase & Co. grew its position in shares of Liberty Energy by 61.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company's stock worth $60,061,000 after buying an additional 1,193,918 shares during the period. Quest Partners LLC grew its holdings in Liberty Energy by 168.2% in the third quarter. Quest Partners LLC now owns 62,979 shares of the company's stock worth $1,202,000 after purchasing an additional 39,497 shares during the period. Impala Asset Management LLC grew its holdings in Liberty Energy by 89.2% in the third quarter. Impala Asset Management LLC now owns 350,000 shares of the company's stock worth $6,682,000 after purchasing an additional 165,000 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Liberty Energy by 8.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,237,247 shares of the company's stock valued at $42,709,000 after purchasing an additional 166,443 shares in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Liberty Energy during the fourth quarter valued at about $498,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

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Liberty Energy Stock Up 0.4 %

Shares of LBRT stock traded up $0.06 on Friday, hitting $14.63. The stock had a trading volume of 15,672,983 shares, compared to its average volume of 2,565,892. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97. The business has a 50 day moving average of $18.07 and a 200 day moving average of $18.66. Liberty Energy Inc. has a 12-month low of $13.86 and a 12-month high of $24.75. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 7.82 and a beta of 1.58.

Liberty Energy (NYSE:LBRT - Get Free Report) last posted its quarterly earnings data 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%. As a group, analysts expect that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a yield of 2.19%. Liberty Energy's dividend payout ratio (DPR) is currently 17.11%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Stifel Nicolaus raised their target price on Liberty Energy from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, January 31st. TD Cowen decreased their price objective on Liberty Energy from $18.00 to $16.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Seaport Res Ptn raised Liberty Energy from a "hold" rating to a "strong-buy" rating in a research report on Sunday, January 5th. The Goldman Sachs Group initiated coverage on shares of Liberty Energy in a research report on Friday, December 13th. They issued a "neutral" rating and a $19.00 price target for the company. Finally, Citigroup boosted their price target 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. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $22.30.

Insider Buying and Selling

In other Liberty Energy news, CFO Michael Stock sold 20,000 shares of Liberty Energy 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 40,000 shares of company stock worth $808,350. 1.90% of the stock is owned by company insiders.

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.