Liberty Energy Inc. $LBRT Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC trimmed its position in Liberty Energy Inc. (NYSE:LBRT) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,865 shares of the company’s stock after selling 1,767 shares during the quarter. Knights of Columbus Asset Advisors LLC owned about 0.08% of Liberty Energy worth $1,525,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of Liberty Energy by 1,279.1% during the first quarter. GAMMA Investing LLC now owns 17,983 shares of the company’s stock valued at $285,000 after acquiring an additional 16,679 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new position in shares of Liberty Energy in the first quarter valued at approximately $197,000. Yousif Capital Management LLC grew its holdings in shares of Liberty Energy by 1.5% in the first quarter. Yousif Capital Management LLC now owns 62,536 shares of the company’s stock valued at $990,000 after purchasing an additional 914 shares in the last quarter. Salem Investment Counselors Inc. acquired a new position in shares of Liberty Energy in the first quarter valued at approximately $417,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Liberty Energy in the first quarter valued at approximately $761,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Energy Trading Up 1.6%

NYSE LBRT opened at $13.12 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.16 and a quick ratio of 0.91. The firm’s fifty day moving average price is $11.44 and its 200 day moving average price is $12.02. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 10.09 and a beta of 0.74. Liberty Energy Inc. has a 12 month low of $9.50 and a 12 month high of $23.58.

Liberty Energy (NYSE:LBRT) last posted its earnings results on Thursday, July 24th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Liberty Energy had a net margin of 5.29% and a return on equity of 6.01%. The company’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period last year, the business earned $0.64 earnings per share. On average, sell-side analysts expect that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Liberty Energy’s dividend payout ratio (DPR) is 24.62%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Stifel Nicolaus dropped their price objective on shares of Liberty Energy from $20.00 to $19.00 and set a “buy” rating for the company in a report on Monday, July 28th. Barclays reduced their target price on shares of Liberty Energy from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Tuesday, July 29th. Wall Street Zen cut shares of Liberty Energy from a “hold” rating to a “sell” rating in a report on Saturday, September 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Liberty Energy in a report on Saturday, September 27th. Finally, Piper Sandler reduced their target price on shares of Liberty Energy from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.05.

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.