Dimensional Fund Advisors LP lessened its stake in Liberty Energy Inc. (NYSE:LBRT - Free Report) by 0.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,869,093 shares of the company's stock after selling 35,686 shares during the period. Dimensional Fund Advisors LP owned about 6.09% of Liberty Energy worth $156,225,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. PNC Financial Services Group Inc. increased its stake in Liberty Energy by 45.3% during the first quarter. PNC Financial Services Group Inc. now owns 4,465 shares of the company's stock valued at $71,000 after acquiring an additional 1,392 shares during the period. Pekin Hardy Strauss Inc. bought a new stake in shares of Liberty Energy in the 1st quarter worth approximately $161,000. Sowell Financial Services LLC acquired a new stake in shares of Liberty Energy during the 1st quarter worth approximately $162,000. Cerity Partners LLC bought a new stake in shares of Liberty Energy during the fourth quarter valued at approximately $214,000. Finally, Syon Capital LLC bought a new stake in shares of Liberty Energy during the fourth quarter valued at approximately $230,000. Institutional investors own 98.22% of the company's stock.
Liberty Energy Trading Down 1.4%
Shares of LBRT stock opened at $10.6480 on Thursday. Liberty Energy Inc. has a 12-month low of $9.50 and a 12-month high of $23.58. The company has a market capitalization of $1.72 billion, a P/E ratio of 8.19 and a beta of 0.67. The firm has a 50-day moving average price of $12.01 and a 200 day moving average price of $13.22. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 0.18.
Liberty Energy (NYSE:LBRT - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Liberty Energy had a return on equity of 6.01% and a net margin of 5.29%.Liberty Energy's quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 earnings per share. Research analysts forecast that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.
Liberty Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, September 4th. Liberty Energy's dividend payout ratio (DPR) is currently 24.62%.
Wall Street Analyst Weigh In
LBRT has been the subject of several research reports. Morgan Stanley reduced their target price on Liberty Energy from $25.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Piper Sandler reduced their price objective 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. Stifel Nicolaus decreased their target price on shares of Liberty Energy from $20.00 to $19.00 and set a "buy" rating on the stock in a research report on Monday, July 28th. Wells Fargo & Company increased their price target on shares of Liberty Energy from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 5th. Finally, JPMorgan Chase & Co. decreased their price objective on Liberty Energy from $16.00 to $13.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $15.05.
Check Out 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.
Further Reading
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