Caxton Associates LP Invests $7.57 Million in Liberty Energy Inc. (NYSE:LBRT)

Caxton Associates LP acquired a new position in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 380,589 shares of the company's stock, valued at approximately $7,570,000. Caxton Associates LP owned 0.23% of Liberty Energy at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake 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 last quarter. Harbour Capital Advisors LLC acquired a new position in Liberty Energy during the fourth quarter valued at approximately $498,000. Principal Financial Group Inc. grew its stake in Liberty Energy by 2.8% in the fourth quarter. Principal Financial Group Inc. now owns 897,040 shares of the company's stock valued at $17,842,000 after purchasing an additional 24,825 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Liberty Energy during the 4th quarter worth approximately $6,792,000. Finally, Franklin Resources Inc. raised its stake in shares of Liberty Energy by 2.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,631,360 shares of the company's stock worth $53,706,000 after purchasing an additional 61,909 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LBRT. TD Cowen boosted their target price on shares of Liberty Energy from $10.00 to $13.00 and gave the stock a "hold" rating in a report on Monday, April 21st. Stifel Nicolaus dropped their target price on shares of Liberty Energy from $23.00 to $22.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Royal Bank of Canada cut Liberty Energy from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $24.00 to $19.00 in a report on Monday, March 24th. Barclays lowered their price target on Liberty Energy from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Morgan Stanley upgraded Liberty Energy from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $20.00 to $25.00 in a research note on Thursday, March 27th. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Liberty Energy currently has a consensus rating of "Moderate Buy" and an average target price of $18.05.

Liberty Energy Stock Performance

NYSE LBRT traded down $0.02 during trading on Wednesday, reaching $11.16. The company's stock had a trading volume of 3,012,414 shares, compared to its average volume of 2,761,740. Liberty Energy Inc. has a 12 month low of $9.50 and a 12 month high of $24.75. The firm has a 50 day moving average price of $13.20 and a 200 day moving average price of $16.86. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 5.97 and a beta of 0.71. 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 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The firm had revenue of $977.46 million for 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 quarter last year, the company earned $0.48 EPS. As a group, equities analysts anticipate that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, June 6th. This represents a $0.32 annualized dividend and a yield of 2.87%. Liberty Energy's dividend payout ratio is 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.