269,374 Shares in Liberty Energy Inc. (NYSE:LBRT) Bought by Corigliano Investment Advisers LLC

Corigliano Investment Advisers LLC acquired a new stake in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 269,374 shares of the company's stock, valued at approximately $5,358,000. Liberty Energy comprises 2.6% of Corigliano Investment Advisers LLC's holdings, making the stock its 20th biggest holding. Corigliano Investment Advisers LLC owned about 0.16% of Liberty Energy at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Cresset Asset Management LLC lifted its holdings in shares of Liberty Energy by 8.3% in the 4th quarter. Cresset Asset Management LLC now owns 107,400 shares of the company's stock worth $2,136,000 after buying an additional 8,214 shares during the period. BOKF NA lifted its stake in Liberty Energy by 24.1% during the 4th quarter. BOKF NA now owns 28,445 shares of the company's stock worth $609,000 after acquiring an additional 5,522 shares in the last quarter. Caxton Associates LP acquired a new stake in Liberty Energy in the 4th quarter valued at about $7,570,000. Balyasny Asset Management L.P. acquired a new position in shares of Liberty Energy in the 4th quarter valued at $20,337,000. Finally, Bank of America Corp DE raised its position in Liberty Energy by 1.6% during the 4th quarter. Bank of America Corp DE now owns 1,147,464 shares of the company's stock worth $22,823,000 after buying an additional 17,676 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Cowen reissued a "hold" rating on shares of Liberty Energy in a research report on Monday, April 21st. The Goldman Sachs Group decreased their target price on Liberty Energy from $19.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Royal Bank of Canada lowered Liberty Energy from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $24.00 to $19.00 in a research report on Monday, March 24th. 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, Barclays cut their price objective on shares of Liberty Energy from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Seven equities research 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 company's stock. According to MarketBeat.com, Liberty Energy has a consensus rating of "Moderate Buy" and a consensus price target of $18.05.

Liberty Energy Stock Performance

NYSE LBRT traded up $0.65 during trading on Monday, hitting $12.74. 758,254 shares of the company's stock traded hands, compared to its average volume of 2,761,167. The business has a 50 day moving average of $13.05 and a 200-day moving average of $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 Inc. has a 12-month low of $9.50 and a 12-month high of $24.75. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 6.81 and a beta of 0.71.

Liberty Energy (NYSE:LBRT - Get Free Report) last posted its quarterly earnings results 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 analyst estimates of $960.64 million. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. During the same period in the prior year, the business posted $0.48 EPS. As a group, equities research 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 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 of this dividend is Friday, June 6th. This represents a $0.32 dividend on an annualized basis and a yield of 2.51%. Liberty Energy's dividend payout ratio is presently 21.19%.

Liberty Energy Company 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.