South Dakota Investment Council Has $2.69 Million Holdings in Liberty Energy Inc. (NYSE:LBRT)

South Dakota Investment Council grew its holdings in Liberty Energy Inc. (NYSE:LBRT - Free Report) by 225.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 169,692 shares of the company's stock after purchasing an additional 117,505 shares during the quarter. South Dakota Investment Council owned 0.10% of Liberty Energy worth $2,686,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in shares of Liberty Energy in the 4th quarter valued at $203,000. Raymond James Financial Inc. purchased a new position in Liberty Energy in the 4th quarter valued at about $6,792,000. HighTower Advisors LLC lifted its holdings in Liberty Energy by 10.2% in the 4th quarter. HighTower Advisors LLC now owns 27,683 shares of the company's stock valued at $551,000 after purchasing an additional 2,568 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Liberty Energy by 15.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,359 shares of the company's stock valued at $465,000 after acquiring an additional 3,058 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Liberty Energy during the 4th quarter valued at about $295,000. Hedge funds and other institutional investors own 98.22% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Royal Bank Of Canada downgraded shares of Liberty Energy from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $24.00 to $19.00 in a research report on Monday, March 24th. Morgan Stanley dropped their target price on shares of Liberty Energy from $25.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. TD Cowen increased their target price on shares of Liberty Energy from $10.00 to $13.00 and gave the stock a "hold" rating in a research report on Monday, April 21st. Cowen reissued a "hold" rating on shares of Liberty Energy in a research report on Monday, April 21st. Finally, Citigroup dropped their target price on shares of Liberty Energy from $16.00 to $13.50 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Eight research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.65.

Liberty Energy Price Performance

NYSE:LBRT traded up $0.01 during mid-day trading on Tuesday, reaching $11.26. 2,756,545 shares of the stock were exchanged, compared to its average volume of 2,865,754. The business has a fifty day moving average price of $12.20 and a 200 day moving average price of $14.66. The firm has a market capitalization of $1.82 billion, a PE ratio of 7.46 and a beta of 0.66. Liberty Energy Inc. has a 1-year low of $9.50 and a 1-year high of $24.43. The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21.

Liberty Energy Dividend Announcement

The business also recently declared 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 is Thursday, September 4th. This represents a $0.32 dividend on an annualized basis and a yield of 2.84%. Liberty Energy's dividend payout ratio is currently 21.19%.

Liberty Energy Company 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.