48,068 Shares in Liberty Energy Inc. (NYSE:LBRT) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC acquired a new stake in Liberty Energy Inc. (NYSE:LBRT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 48,068 shares of the company's stock, valued at approximately $761,000.

Several other institutional investors have also bought and sold shares of LBRT. Franklin Resources Inc. lifted its stake in Liberty Energy by 83.5% in the fourth quarter. Franklin Resources Inc. now owns 4,828,712 shares of the company's stock valued at $96,043,000 after purchasing an additional 2,197,352 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in Liberty Energy during the 4th quarter valued at $20,337,000. American Century Companies Inc. raised its holdings in Liberty Energy by 10.8% during the 4th quarter. American Century Companies Inc. now owns 5,178,089 shares of the company's stock valued at $102,992,000 after acquiring an additional 505,634 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Liberty Energy by 28.9% during 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 acquiring an additional 480,957 shares during the period. Finally, Norges Bank bought a new stake in Liberty Energy during the 4th quarter valued at $8,140,000. Hedge funds and other institutional investors own 98.22% of the company's stock.

Analysts Set New Price Targets

LBRT has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price 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. Stifel Nicolaus lowered their target price 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. Barclays lowered their target price on shares of Liberty Energy from $17.00 to $16.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their target price on shares of Liberty Energy from $16.00 to $13.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Finally, Royal Bank Of Canada cut shares of Liberty Energy from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $24.00 to $19.00 in a report on Monday, March 24th. Eight equities 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $17.23.

Liberty Energy Price Performance

Shares of LBRT stock traded down $0.20 during trading hours on Monday, hitting $11.88. 2,336,297 shares of the company's stock were exchanged, compared to its average volume of 2,844,889. The company has a market capitalization of $1.92 billion, a PE ratio of 7.87 and a beta of 0.66. Liberty Energy Inc. has a 12-month low of $9.50 and a 12-month high of $24.43. The business's 50 day simple moving average is $12.17 and its 200-day simple moving average is $15.12. 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 (NYSE:LBRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $977.46 million for the quarter, compared to the consensus estimate of $960.64 million. Liberty Energy had a net margin of 6.03% and a return on equity of 10.30%. During the same period last year, the firm posted $0.48 earnings per share. On average, equities research analysts anticipate that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Friday, June 6th. Liberty Energy's dividend payout ratio (DPR) is presently 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.