Nuveen Asset Management LLC lowered its stake in Liberty Energy Inc. (NYSE:LBRT - Free Report) by 17.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 400,595 shares of the company's stock after selling 85,269 shares during the period. Nuveen Asset Management LLC owned approximately 0.25% of Liberty Energy worth $7,968,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Private Wealth Group LLC lifted its position in shares of 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 buying an additional 1,583 shares during the last quarter. Blue Trust Inc. increased its stake in shares of 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 purchasing an additional 2,111 shares during the period. Spire Wealth Management bought a new position in shares of Liberty Energy in the fourth quarter worth about $60,000. Smartleaf Asset Management LLC increased its stake in shares of 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 purchasing an additional 2,184 shares during the period. Finally, Lee Danner & Bass Inc. bought a new position in shares of Liberty Energy in the fourth quarter worth about $99,000. Institutional investors and hedge funds own 98.22% of the company's stock.
Liberty Energy Price Performance
NYSE LBRT traded up $0.22 during trading on Monday, reaching $11.81. 2,884,741 shares of the company traded hands, compared to its average volume of 2,796,713. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.27. The stock's 50 day moving average price is $12.14 and its two-hundred day moving average price is $16.15. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 6.31 and a beta of 0.71. Liberty Energy Inc. has a 1-year low of $9.50 and a 1-year high of $24.75.
Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. The company had revenue of $977.46 million for the quarter, compared to the consensus estimate of $960.64 million. Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. During the same period in the previous year, the business earned $0.48 earnings per share. As a group, analysts anticipate that Liberty Energy Inc. will post 0.58 EPS for the current year.
Liberty Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Friday, June 6th. Liberty Energy's payout ratio is 21.19%.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. Royal Bank of Canada lowered Liberty Energy from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $24.00 to $19.00 in a research note on Monday, March 24th. Barclays dropped their price objective on Liberty Energy from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Cowen reiterated a "hold" rating on shares of Liberty Energy in a research note on Monday, April 21st. 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. Finally, Stifel Nicolaus dropped their price objective on Liberty Energy from $23.00 to $22.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Liberty Energy presently has an average rating of "Moderate Buy" and a consensus price target of $17.14.
View 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.
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