BNP Paribas Financial Markets cut its position in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 53.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,931 shares of the company's stock after selling 53,614 shares during the period. BNP Paribas Financial Markets' holdings in Liberty Energy were worth $933,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in shares of Liberty Energy by 604.9% in the 4th 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 last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Liberty Energy by 257.8% in the 4th 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 during the last quarter. Spire Wealth Management bought a new stake in shares of Liberty Energy in the 4th quarter valued at approximately $60,000. Smartleaf Asset Management LLC lifted its stake in shares of Liberty Energy by 176.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company's stock valued at $67,000 after purchasing an additional 2,184 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in shares of Liberty Energy in the 4th quarter valued at approximately $99,000. 98.22% of the stock is owned by institutional investors.
Liberty Energy Stock Up 1.2%
Shares of NYSE:LBRT traded up $0.14 on Tuesday, reaching $11.85. The company had a trading volume of 2,064,950 shares, compared to its average volume of 2,777,922. Liberty Energy Inc. has a 52-week low of $9.50 and a 52-week high of $24.75. The firm's 50 day simple moving average is $12.41 and its 200-day simple moving average is $16.32. The firm has a market capitalization of $1.92 billion, a PE ratio of 6.34 and a beta of 0.71. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20.
Liberty Energy (NYSE:LBRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $960.64 million. During the same period last year, the business posted $0.48 EPS. As a group, analysts expect that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.
Liberty Energy Dividend Announcement
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. The ex-dividend date is Friday, June 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.70%. Liberty Energy's payout ratio is 21.19%.
Analyst Ratings Changes
LBRT has been the subject of several analyst reports. Stifel Nicolaus lowered 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. 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. Citigroup decreased their price target on Liberty Energy from $16.00 to $13.50 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Cowen reissued a "hold" rating on shares of Liberty Energy in a research note on Monday, April 21st. Finally, Morgan Stanley reduced their price objective on Liberty Energy from $25.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.55.
Get Our Latest Report on LBRT
Liberty Energy Company Profile
(
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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