Liberty Energy Inc. $LBRT Holdings Raised by American Century Companies Inc.

Key Points

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American Century Companies Inc. increased its stake in Liberty Energy Inc. (NYSE:LBRT - Free Report) by 6.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,508,609 shares of the company's stock after acquiring an additional 330,520 shares during the period. American Century Companies Inc. owned approximately 3.40% of Liberty Energy worth $87,201,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in LBRT. LPL Financial LLC boosted its holdings in shares of Liberty Energy by 35.7% in the fourth quarter. LPL Financial LLC now owns 14,788 shares of the company's stock valued at $294,000 after acquiring an additional 3,887 shares in the last quarter. Cerity Partners LLC bought a new position in shares of Liberty Energy in the fourth quarter valued at approximately $214,000. Renaissance Technologies LLC boosted its holdings in shares of Liberty Energy by 23.8% in the fourth quarter. Renaissance Technologies LLC now owns 58,300 shares of the company's stock valued at $1,160,000 after acquiring an additional 11,200 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Liberty Energy in the fourth quarter valued at approximately $6,792,000. Finally, Barclays PLC boosted its holdings in shares of Liberty Energy by 31.3% in the fourth quarter. Barclays PLC now owns 376,401 shares of the company's stock valued at $7,487,000 after acquiring an additional 89,740 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.

Liberty Energy Trading Down 0.4%

Liberty Energy stock traded down $0.0450 during midday trading on Thursday, reaching $10.6050. The stock had a trading volume of 2,267,991 shares, compared to its average volume of 3,423,334. The firm's fifty day simple moving average is $12.01 and its two-hundred day simple moving average is $13.22. Liberty Energy Inc. has a twelve month low of $9.50 and a twelve month high of $23.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.16 and a quick ratio of 0.91. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 8.16 and a beta of 0.67.

Liberty Energy (NYSE:LBRT - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.02). Liberty Energy had a return on equity of 6.01% and a net margin of 5.29%.The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business posted $0.64 EPS. The company's revenue for the quarter was down 10.1% on a year-over-year basis. 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 Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.32 dividend on an annualized basis and a yield of 3.0%. Liberty Energy's dividend payout ratio (DPR) is currently 24.62%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LBRT shares. Stifel Nicolaus decreased their price objective on shares of Liberty Energy from $20.00 to $19.00 and set a "buy" rating for the company in a report on Monday, July 28th. Piper Sandler reduced their target price on shares of Liberty Energy from $14.00 to $13.00 and set a "neutral" rating for the company in a report on Thursday, August 14th. Wall Street Zen cut shares of Liberty Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Wells Fargo & Company raised their target price on shares of Liberty Energy from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Thursday, June 5th. Finally, Barclays reduced their target price on shares of Liberty Energy from $16.00 to $14.00 and set an "overweight" rating for the company in a report on Tuesday, July 29th. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Liberty Energy has an average rating of "Moderate Buy" and a consensus target price of $15.05.

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.