Manning & Napier Advisors LLC acquired a new position in Liberty Energy Inc. (NYSE:LBRT - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 70,094 shares of the company's stock, valued at approximately $1,110,000.
Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in shares of Liberty Energy by 10.8% in the fourth quarter. American Century Companies Inc. now owns 5,178,089 shares of the company's stock worth $102,992,000 after purchasing an additional 505,634 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Liberty Energy by 83.5% in the fourth quarter. Franklin Resources Inc. now owns 4,828,712 shares of the company's stock worth $96,043,000 after purchasing an additional 2,197,352 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Liberty Energy by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,433,866 shares of the company's stock worth $48,410,000 after purchasing an additional 196,619 shares during the period. The Manufacturers Life Insurance Company grew its position in Liberty Energy by 28.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,147,698 shares of the company's stock valued at $42,718,000 after buying an additional 480,957 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Liberty Energy by 7.9% during the 4th quarter. Northern Trust Corp now owns 2,067,391 shares of the company's stock valued at $41,120,000 after buying an additional 151,019 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.
Liberty Energy Trading Down 0.0%
Shares of NYSE LBRT traded down $0.01 during mid-day trading on Friday, hitting $11.58. 4,490,536 shares of the company traded hands, compared to its average volume of 2,842,969. 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 Inc. has a 1 year low of $9.50 and a 1 year high of $24.43. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 7.67 and a beta of 0.68. The business has a 50 day moving average of $12.18 and a two-hundred day moving average of $15.49.
Liberty Energy (NYSE:LBRT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. Liberty Energy had a net margin of 6.03% and a return on equity of 10.30%. The company had revenue of $977.46 million during the quarter, compared to analyst estimates of $960.64 million. During the same period in the prior year, the firm earned $0.48 earnings per share. On average, sell-side analysts anticipate that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.
Liberty Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given 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 (DPR) is presently 21.19%.
Analyst Ratings Changes
LBRT has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their price target on shares of Liberty Energy from $23.00 to $22.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their target price on Liberty Energy from $16.00 to $13.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Royal Bank Of Canada lowered Liberty Energy from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from $24.00 to $19.00 in a research note on Monday, March 24th. TD Cowen lifted their price target on Liberty Energy from $10.00 to $13.00 and gave the company a "hold" rating in a research report on Monday, April 21st. Finally, Citigroup dropped their price objective on Liberty Energy from $16.00 to $13.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Eight analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.23.
View Our Latest Stock Analysis on LBRT
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.
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