Two Sigma Investments LP purchased a new stake in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 167,872 shares of the company's stock, valued at approximately $3,339,000. Two Sigma Investments LP owned approximately 0.10% of Liberty Energy as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of Liberty Energy by 2.8% in the fourth quarter. Principal Financial Group Inc. now owns 897,040 shares of the company's stock worth $17,842,000 after purchasing an additional 24,825 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Liberty Energy during the fourth quarter valued at about $6,792,000. Barclays PLC grew its holdings in Liberty Energy by 197.9% during the third quarter. Barclays PLC now owns 286,661 shares of the company's stock valued at $5,471,000 after purchasing an additional 190,445 shares during the period. Miller Howard Investments Inc. NY grew its holdings in Liberty Energy by 315.8% during the fourth quarter. Miller Howard Investments Inc. NY now owns 133,169 shares of the company's stock valued at $2,649,000 after purchasing an additional 101,144 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in shares of Liberty Energy in the fourth quarter worth about $311,000. 98.22% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently commented on LBRT. Cowen reiterated a "hold" rating on shares of Liberty Energy in a research report on Monday, April 21st. Barclays dropped their target price on Liberty Energy from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Citigroup lowered their price objective on Liberty Energy from $16.00 to $13.50 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $11.00 price target (down previously from $20.00) on shares of Liberty Energy in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group reduced their price objective on Liberty Energy from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Eight research 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 data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $17.14.
View Our Latest Report on LBRT
Liberty Energy Trading Up 6.2%
Shares of LBRT stock traded up $0.73 on Tuesday, hitting $12.56. The stock had a trading volume of 2,909,834 shares, compared to its average volume of 2,798,628. The company's 50 day moving average price is $12.07 and its 200-day moving average price is $16.13. Liberty Energy Inc. has a 1 year low of $9.50 and a 1 year high of $24.43. The firm has a market capitalization of $2.03 billion, a P/E ratio of 6.72 and a beta of 0.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97.
Liberty Energy (NYSE:LBRT - Get Free Report) last released its earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $977.46 million during 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 company posted $0.48 EPS. Analysts anticipate that Liberty Energy Inc. will post 0.58 earnings per share for the current year.
Liberty Energy Announces Dividend
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 2.55%. The ex-dividend date of this dividend is Friday, June 6th. Liberty Energy's dividend payout ratio is presently 21.19%.
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.
Featured Articles
Before you consider Liberty Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Liberty Energy wasn't on the list.
While Liberty Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
