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

Two Sigma Advisers LP acquired a new stake in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 139,700 shares of the company's stock, valued at approximately $2,779,000. Two Sigma Advisers LP owned about 0.09% of Liberty Energy as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. American Century Companies Inc. lifted its position in Liberty Energy by 10.8% in the fourth quarter. American Century Companies Inc. now owns 5,178,089 shares of the company's stock worth $102,992,000 after buying an additional 505,634 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Liberty Energy by 83.5% in the fourth quarter. Franklin Resources Inc. now owns 4,828,712 shares of the company's stock valued at $96,043,000 after acquiring an additional 2,197,352 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Liberty Energy by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,433,866 shares of the company's stock worth $48,410,000 after acquiring an additional 196,619 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Liberty Energy by 28.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,147,698 shares of the company's stock worth $42,718,000 after purchasing an additional 480,957 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of Liberty Energy by 8.1% during the 4th quarter. Van ECK Associates Corp now owns 2,082,239 shares of the company's stock worth $41,416,000 after purchasing an additional 156,006 shares during the period. 98.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LBRT has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Liberty Energy from $16.00 to $13.00 and set a "neutral" rating for the company in a research note on Wednesday. Royal Bank of Canada cut Liberty Energy from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $24.00 to $19.00 in a report on Monday, March 24th. 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. Citigroup cut their price target on shares of Liberty Energy from $16.00 to $13.50 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, Barclays decreased their price objective on shares of Liberty Energy from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Liberty Energy presently has an average rating of "Moderate Buy" and a consensus target price of $17.14.

Liberty Energy Stock Down 3.7%

Shares of Liberty Energy stock traded down $0.45 on Friday, reaching $11.59. The stock had a trading volume of 2,936,335 shares, compared to its average volume of 2,796,372. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.88 billion, a P/E ratio of 6.20 and a beta of 0.71. The company has a 50 day moving average price of $12.21 and a 200 day moving average price of $16.19. Liberty Energy Inc. has a 1 year low of $9.50 and a 1 year high of $24.75.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. The business had revenue of $977.46 million for the quarter, compared to analyst estimates of $960.64 million. During the same period in the previous year, the company earned $0.48 earnings per share. As a group, equities research analysts forecast that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Announces Dividend

The business 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 $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Friday, June 6th. Liberty Energy's payout ratio is currently 21.19%.

About Liberty Energy

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.