Alpha Wealth Funds LLC purchased a new position in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 37,000 shares of the company's stock, valued at approximately $728,000. Liberty Energy makes up 0.7% of Alpha Wealth Funds LLC's holdings, making the stock its 25th largest holding.
A number of other hedge funds and other institutional investors have also made changes to their positions in LBRT. Blue Trust Inc. grew its position 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 purchasing an additional 2,111 shares during the period. CIBC Private Wealth Group LLC grew its position 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 acquiring an additional 1,583 shares during the period. Spire Wealth Management purchased a new stake in Liberty Energy during the fourth quarter valued at about $60,000. Smartleaf Asset Management LLC grew its position in Liberty Energy by 176.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company's stock valued at $67,000 after acquiring an additional 2,184 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new stake in Liberty Energy during the fourth quarter valued at about $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 trading 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. Liberty Energy Inc. has a one year low of $9.50 and a one year high of $24.75. 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 company's 50 day moving average is $12.21 and its two-hundred day moving average is $16.19. 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 announced its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm 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 period last year, the firm earned $0.48 EPS. Equities research analysts forecast that Liberty Energy Inc. will post 0.58 EPS for the current year.
Liberty Energy Announces Dividend
The company also recently declared 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 dividend yield of 2.76%. Liberty Energy's dividend payout ratio is presently 21.19%.
Wall Street Analyst Weigh In
Several research analysts recently commented on LBRT shares. Cowen reiterated a "hold" rating on shares of Liberty Energy in a research note on Monday, April 21st. Barclays decreased their price objective on Liberty Energy from $17.00 to $16.00 and set an "overweight" rating for the company in a report 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 report on Tuesday, April 8th. The Goldman Sachs Group decreased their price target 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. Finally, 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 note on Tuesday, April 22nd. Eight equities 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 MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.14.
View Our Latest Stock Report on Liberty Energy
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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