Mutual of America Capital Management LLC Has $9.25 Million Holdings in Liberty Energy Inc. (NYSE:LBRT)

Mutual of America Capital Management LLC lessened its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 0.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 465,063 shares of the company’s stock after selling 1,348 shares during the period. Mutual of America Capital Management LLC’s holdings in Liberty Energy were worth $9,250,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Covestor Ltd lifted its position in shares of Liberty Energy by 96.8% during the 3rd quarter. Covestor Ltd now owns 1,704 shares of the company’s stock worth $33,000 after purchasing an additional 838 shares during the last quarter. Quarry LP lifted its position in shares of Liberty Energy by 237.5% during the 3rd quarter. Quarry LP now owns 1,991 shares of the company’s stock worth $38,000 after purchasing an additional 1,401 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Liberty Energy by 604.9% during the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the company’s stock worth $47,000 after purchasing an additional 2,111 shares during the last quarter. Spire Wealth Management acquired a new position in shares of Liberty Energy during the 4th quarter worth about $60,000. Finally, US Bancorp DE lifted its position in shares of Liberty Energy by 93.2% during the 3rd quarter. US Bancorp DE now owns 4,180 shares of the company’s stock worth $80,000 after purchasing an additional 2,016 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LBRT. Wells Fargo & Company lowered their price target on Liberty Energy from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Seaport Res Ptn upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Sunday, January 5th. Royal Bank of Canada lowered their price target on Liberty Energy from $26.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Citigroup boosted their price target on Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, TD Cowen lowered their price target on Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.30.

Liberty Energy Trading Down 0.7 %

LBRT stock opened at $17.29 on Friday. Liberty Energy Inc. has a 1-year low of $16.57 and a 1-year high of $24.75. The firm has a market cap of $2.80 billion, a P/E ratio of 9.24 and a beta of 1.63. The business’s 50 day moving average is $19.51 and its 200-day moving average is $19.20. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share 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%. Equities analysts anticipate that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The firm also recently disclosed 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 1.85%. The ex-dividend date of this dividend is Thursday, March 6th. Liberty Energy’s payout ratio is presently 17.11%.

Insider Buying and Selling

In related news, CFO Michael Stock sold 10,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.94, for a total transaction of $179,400.00. Following the sale, the chief financial officer now owns 717,292 shares of the company’s stock, valued at approximately $12,868,218.48. This trade represents a 1.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Christopher A. Wright sold 2,936 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 2,543,877 shares in the company, valued at $48,740,683.32. The trade was a 0.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,936 shares of company stock valued at $1,341,184. 3.60% 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.