AQR Capital Management LLC decreased its position in Liberty Energy Inc. (NYSE:LBRT - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 481,576 shares of the company's stock after selling 50,121 shares during the quarter. AQR Capital Management LLC owned 0.29% of Liberty Energy worth $9,579,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Liberty Energy by 604.9% in the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the company's stock valued at $47,000 after buying an additional 2,111 shares during the last quarter. CIBC Private Wealth Group LLC raised 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 acquiring an additional 1,583 shares during the last quarter. Spire Wealth Management acquired a new position in shares of Liberty Energy during the fourth quarter worth approximately $60,000. Smartleaf Asset Management LLC lifted its position in shares of Liberty Energy by 176.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company's stock worth $67,000 after purchasing an additional 2,184 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in shares of Liberty Energy during the fourth quarter valued at approximately $99,000. Institutional investors own 98.22% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on LBRT shares. Cowen reiterated a "hold" rating on shares of Liberty Energy in a research report on Monday, April 21st. Royal Bank of Canada lowered Liberty Energy from an "outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $24.00 to $19.00 in a research report on Monday, March 24th. TD Cowen boosted their price target on shares of Liberty Energy from $10.00 to $13.00 and gave the stock a "hold" rating in a research note on Monday, April 21st. Citigroup cut their price objective on Liberty Energy from $16.00 to $13.50 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group lowered their target price on Liberty Energy from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Liberty Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.05.
Get Our Latest Analysis on Liberty Energy
Liberty Energy Stock Up 6.2%
NYSE LBRT traded up $0.75 during trading hours on Monday, hitting $12.84. 413,225 shares of the company traded hands, compared to its average volume of 2,759,962. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 6.87 and a beta of 0.71. Liberty Energy Inc. has a twelve month low of $9.50 and a twelve month high of $24.75. The business's 50-day moving average is $13.05 and its 200-day moving average is $16.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.27.
Liberty Energy (NYSE:LBRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. The company had revenue of $977.46 million during the quarter, compared to the consensus estimate of $960.64 million. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. During the same quarter last year, the firm posted $0.48 EPS. Sell-side analysts anticipate that Liberty Energy Inc. will post 0.58 earnings per share for the current year.
Liberty Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.32 dividend on an annualized basis and a yield of 2.49%. Liberty Energy's dividend payout ratio (DPR) is 21.19%.
About Liberty Energy
(
Free Report)
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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