Two Sigma Advisers LP Acquires Shares of 139,700 Liberty Energy Inc. (NYSE:LBRT)

Two Sigma Advisers LP purchased a new position in Liberty Energy Inc. (NYSE:LBRT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 139,700 shares of the company's stock, valued at approximately $2,779,000. Two Sigma Advisers LP owned approximately 0.09% of Liberty Energy at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its stake 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 worth $47,000 after acquiring an additional 2,111 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Liberty Energy by 257.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company's stock valued at $47,000 after purchasing an additional 1,583 shares in the last quarter. Spire Wealth Management purchased a new position in Liberty Energy in the 4th quarter worth approximately $60,000. Smartleaf Asset Management LLC boosted 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 acquiring an additional 2,184 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in Liberty Energy during the fourth quarter valued at approximately $99,000. Hedge funds and other institutional investors own 98.22% of the company's stock.

Liberty Energy Stock Down 3.7%

LBRT stock traded down $0.45 during mid-day trading on Friday, reaching $11.59. The company had a trading volume of 2,936,335 shares, compared to its average volume of 2,790,710. Liberty Energy Inc. has a fifty-two week low of $9.50 and a fifty-two week high of $24.75. The firm has a fifty day simple moving average of $12.29 and a 200 day simple moving average of $16.25. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.27. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 6.20 and a beta of 0.71.

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, beating the consensus estimate of $0.03 by $0.01. Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. The business had revenue of $977.46 million during the quarter, compared to the consensus estimate of $960.64 million. During the same period in the prior year, the company earned $0.48 earnings per share. Analysts forecast that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Friday, June 6th. Liberty Energy's dividend payout ratio is currently 21.19%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LBRT shares. Cowen reaffirmed a "hold" rating on shares of Liberty Energy in a research note on Monday, April 21st. Citigroup decreased their target price on Liberty Energy from $16.00 to $13.50 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Barclays reduced their price target 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. Wells Fargo & Company reissued an "equal weight" rating and issued a $11.00 price objective (down from $20.00) on shares of Liberty Energy in a research report on Tuesday, April 8th. Finally, Stifel Nicolaus decreased their price target on shares of Liberty Energy from $23.00 to $22.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Liberty Energy currently has an average rating of "Moderate Buy" and an average price target of $17.14.

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.