Bessemer Group Inc. grew its holdings in Liberty Energy Inc. (NYSE:LBRT - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 607,431 shares of the company's stock after acquiring an additional 27,649 shares during the quarter. Bessemer Group Inc. owned 0.38% of Liberty Energy worth $9,615,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in LBRT. Blue Trust Inc. boosted its holdings in Liberty Energy by 604.9% in the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the company's stock worth $47,000 after acquiring an additional 2,111 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in Liberty Energy by 257.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company's stock worth $47,000 after acquiring an additional 1,583 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Liberty Energy by 176.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company's stock worth $67,000 after acquiring an additional 2,184 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in Liberty Energy in the fourth quarter worth about $99,000. Finally, Meeder Asset Management Inc. acquired a new stake in Liberty Energy in the fourth quarter worth about $120,000. Institutional investors and hedge funds own 98.22% of the company's stock.
Liberty Energy Stock Performance
Shares of Liberty Energy stock opened at $11.58 on Friday. Liberty Energy Inc. has a 52 week low of $9.50 and a 52 week high of $24.43. The business's fifty day simple moving average is $12.18 and its 200-day simple moving average is $15.49. The firm has a market cap of $1.87 billion, a PE ratio of 7.67 and a beta of 0.68. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 0.21.
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. Liberty Energy had a return on equity of 10.30% and a net margin of 6.03%. The business had revenue of $977.46 million for the quarter, compared to analyst estimates of $960.64 million. During the same quarter in the prior year, the company posted $0.48 EPS. Equities analysts forecast that Liberty Energy Inc. will post 0.58 earnings per share for the current year.
Liberty Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a $0.08 dividend. The ex-dividend date of this dividend was 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%.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Royal Bank Of Canada downgraded Liberty Energy from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from $24.00 to $19.00 in a report on Monday, March 24th. Morgan Stanley decreased their target price on Liberty Energy from $25.00 to $20.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Citigroup decreased their target price on Liberty Energy from $16.00 to $13.50 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their target price on Liberty Energy from $16.00 to $13.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Finally, Cowen reaffirmed a "hold" rating on shares of Liberty Energy in a report on Monday, April 21st. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $17.23.
Check Out Our Latest Analysis on LBRT
Liberty Energy 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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