GeoSphere Capital Management LLC purchased a new position in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 125,000 shares of the company's stock, valued at approximately $2,486,000. Liberty Energy makes up approximately 1.2% of GeoSphere Capital Management LLC's holdings, making the stock its 15th largest holding. GeoSphere Capital Management LLC owned about 0.08% of Liberty Energy as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. raised its holdings 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 valued at $47,000 after buying an additional 2,111 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in Liberty Energy by 257.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company's stock worth $47,000 after acquiring an additional 1,583 shares during the last quarter. Spire Wealth Management bought a new stake in shares of Liberty Energy during the 4th quarter worth approximately $60,000. Smartleaf Asset Management LLC raised its stake in shares of Liberty Energy by 176.3% during the 4th 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 in the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in Liberty Energy in the 4th quarter valued at $99,000. Institutional investors and hedge funds own 98.22% of the company's stock.
Liberty Energy Price Performance
NYSE:LBRT traded down $0.56 during trading hours on Thursday, hitting $11.94. The company's stock had a trading volume of 165,699 shares, compared to its average volume of 2,758,284. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97. The company has a market capitalization of $1.93 billion, a P/E ratio of 6.40 and a beta of 0.71. Liberty Energy Inc. has a twelve month low of $9.50 and a twelve month high of $24.75. The stock has a fifty day simple moving average of $12.89 and a 200-day simple moving average of $16.68.
Liberty Energy (NYSE:LBRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 last year, the company earned $0.48 earnings per share. On average, analysts anticipate that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.
Liberty Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.32 dividend on an annualized basis and a yield of 2.68%. Liberty Energy's dividend payout ratio (DPR) is presently 21.19%.
Analyst Ratings Changes
LBRT has been the topic of a number of research reports. The Goldman Sachs Group decreased their price objective on Liberty Energy from $19.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Morgan Stanley raised Liberty Energy from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $20.00 to $25.00 in a report on Thursday, March 27th. Barclays reduced their target price on Liberty Energy from $17.00 to $16.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Cowen reissued a "hold" rating on shares of Liberty Energy in a report on Monday, April 21st. Finally, Stifel Nicolaus reduced their target price on Liberty Energy from $23.00 to $22.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $18.05.
Read Our Latest Analysis 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.
See Also
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
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
