128,570 Shares in Liberty Energy Inc. (NYSE:LBRT) Purchased by Sagefield Capital LP

Sagefield Capital LP purchased a new position in Liberty Energy Inc. (NYSE:LBRT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 128,570 shares of the company's stock, valued at approximately $2,557,000. Sagefield Capital LP owned about 0.08% of Liberty Energy at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Liberty Energy by 604.9% in the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the company's stock valued at $47,000 after purchasing an additional 2,111 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Liberty Energy by 257.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company's stock worth $47,000 after purchasing an additional 1,583 shares in the last quarter. Spire Wealth Management bought a new position in shares of Liberty Energy in the fourth quarter worth $60,000. Smartleaf Asset Management LLC lifted its holdings in shares of Liberty Energy by 176.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company's stock valued at $67,000 after buying an additional 2,184 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of Liberty Energy during the fourth quarter valued at $99,000. 98.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on LBRT shares. TD Cowen upped their target price on Liberty Energy from $10.00 to $13.00 and gave the stock a "hold" rating in a research report on Monday, April 21st. Barclays lowered their price objective on Liberty Energy from $17.00 to $16.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Cowen restated a "hold" rating on shares of Liberty Energy in a research note on Monday, April 21st. Stifel Nicolaus reduced their price objective on Liberty Energy from $23.00 to $22.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada downgraded Liberty Energy from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $24.00 to $19.00 in a research report on Monday, March 24th. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $17.55.

Liberty Energy Stock Up 0.2%

Shares of LBRT opened at $12.24 on Friday. The company has a market capitalization of $1.98 billion, a PE ratio of 6.54 and a beta of 0.71. Liberty Energy Inc. has a 12 month low of $9.50 and a 12 month high of $24.75. The stock's 50-day moving average price is $12.80 and its two-hundred day moving average price is $16.61. 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $977.46 million during the quarter, compared to analyst estimates of $960.64 million. Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. During the same period last year, the company posted $0.48 EPS. On average, analysts anticipate that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.08 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.61%. Liberty Energy's dividend payout ratio (DPR) is presently 21.19%.

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.

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