Squarepoint Ops LLC raised its position in Liberty Energy Inc. (NYSE:LBRT - Free Report) by 1,081.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 316,073 shares of the company's stock after purchasing an additional 289,320 shares during the period. Squarepoint Ops LLC owned 0.19% of Liberty Energy worth $6,287,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Liberty Energy by 197.9% during the 3rd quarter. Barclays PLC now owns 286,661 shares of the company's stock worth $5,471,000 after acquiring an additional 190,445 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Liberty Energy during the 4th quarter worth $311,000. Exchange Traded Concepts LLC raised its holdings in shares of Liberty Energy by 5.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 56,226 shares of the company's stock worth $1,118,000 after acquiring an additional 2,984 shares during the period. Blue Trust Inc. raised its holdings in shares of Liberty Energy by 604.9% during the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the company's stock worth $47,000 after acquiring an additional 2,111 shares during the period. Finally, KBC Group NV raised its holdings in shares of Liberty Energy by 60.7% during the 4th quarter. KBC Group NV now owns 7,884 shares of the company's stock worth $157,000 after acquiring an additional 2,978 shares during the period. Hedge funds and other institutional investors own 98.22% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently commented on LBRT. JPMorgan Chase & Co. reduced their price target on Liberty Energy from $16.00 to $13.00 and set a "neutral" rating on the stock in a report on Wednesday. Stifel Nicolaus reduced their price objective on shares of Liberty Energy from $23.00 to $22.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company restated an "equal weight" rating and issued a $11.00 price objective (down from $20.00) on shares of Liberty Energy in a report on Tuesday, April 8th. TD Cowen boosted their price objective on shares of Liberty Energy from $10.00 to $13.00 and gave the company a "hold" rating in a report on Monday, April 21st. Finally, The Goldman Sachs Group reduced their price objective on shares of Liberty Energy from $19.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Eight 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 stock. According to MarketBeat.com, Liberty Energy currently has an average rating of "Moderate Buy" and an average target price of $17.14.
Check Out Our Latest Stock Report on Liberty Energy
Liberty Energy Trading Down 2.4%
NYSE LBRT traded down $0.29 during trading on Friday, hitting $11.76. The stock had a trading volume of 414,502 shares, compared to its average volume of 2,780,756. The company has a market capitalization of $1.90 billion, a PE ratio of 6.28 and a beta of 0.71. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average price of $12.29 and a 200 day moving average price of $16.25. Liberty Energy Inc. has a twelve month low of $9.50 and a twelve month high of $24.75.
Liberty Energy (NYSE:LBRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. The business had revenue of $977.46 million during the quarter, compared to the consensus estimate of $960.64 million. During the same period in the previous year, the company posted $0.48 earnings per share. As a group, equities research analysts forecast that Liberty Energy Inc. will post 0.58 earnings per share for the current year.
Liberty Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Friday, June 6th. Liberty Energy's dividend payout ratio is presently 21.19%.
Liberty Energy Company 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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