Interval Partners LP Purchases Shares of 65,384 Liberty Energy Inc. (NYSE:LBRT)

Interval Partners LP purchased a new stake in Liberty Energy Inc. (NYSE:LBRT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 65,384 shares of the company's stock, valued at approximately $1,300,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LBRT. Harbour Capital Advisors LLC acquired a new stake in shares of Liberty Energy during the 4th quarter worth about $498,000. Principal Financial Group Inc. raised its holdings in Liberty Energy by 2.8% during 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Liberty Energy during the 4th quarter worth approximately $6,792,000. Barclays PLC boosted its holdings in shares of Liberty Energy by 197.9% in the 3rd quarter. Barclays PLC now owns 286,661 shares of the company's stock valued at $5,471,000 after buying an additional 190,445 shares in the last quarter. Finally, Miller Howard Investments Inc. NY grew its position in shares of Liberty Energy by 315.8% in the 4th quarter. Miller Howard Investments Inc. NY now owns 133,169 shares of the company's stock valued at $2,649,000 after buying an additional 101,144 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Analysts Set New Price Targets

LBRT has been the subject of a number of research reports. Stifel Nicolaus reduced their price target on shares of Liberty Energy from $23.00 to $22.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Barclays reduced their target price on Liberty Energy from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Royal Bank of Canada cut Liberty Energy from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from $24.00 to $19.00 in a research report on Monday, March 24th. Citigroup cut their price target on Liberty Energy from $16.00 to $13.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company reissued 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. Seven 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.05.

Liberty Energy Stock Performance

Shares of NYSE:LBRT traded down $0.27 during trading on Thursday, reaching $12.23. The company had a trading volume of 2,516,102 shares, compared to its average volume of 2,767,425. 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 firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 6.54 and a beta of 0.71. The stock's fifty day moving average price is $12.89 and its 200 day moving average price is $16.68. Liberty Energy Inc. has a fifty-two week low of $9.50 and a fifty-two week high of $24.75.

Liberty Energy (NYSE:LBRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $977.46 million during the quarter, compared to analysts' expectations of $960.64 million. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. During the same period in the prior year, the company posted $0.48 earnings per share. As a group, equities research analysts predict that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.62%. Liberty Energy's dividend payout ratio (DPR) is presently 21.19%.

About Liberty Energy

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.