65,384 Shares in Liberty Energy Inc. (NYSE:LBRT) Purchased by Interval Partners LP

Interval Partners LP acquired a new stake in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 65,384 shares of the company's stock, valued at approximately $1,300,000.

A number of other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in Liberty Energy by 10.8% during the fourth quarter. American Century Companies Inc. now owns 5,178,089 shares of the company's stock valued at $102,992,000 after purchasing an additional 505,634 shares during the period. Franklin Resources Inc. boosted its holdings in shares of 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 buying an additional 2,197,352 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Liberty Energy by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,433,866 shares of the company's stock valued at $48,410,000 after buying an additional 196,619 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Liberty Energy by 28.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,147,698 shares of the company's stock valued at $42,718,000 after buying an additional 480,957 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of Liberty Energy by 8.1% in the fourth quarter. Van ECK Associates Corp now owns 2,082,239 shares of the company's stock valued at $41,416,000 after buying an additional 156,006 shares during the period. Institutional investors and hedge funds own 98.22% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays reduced their price target on shares of 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 shares of Liberty Energy from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from $24.00 to $19.00 in a report on Monday, March 24th. Citigroup reduced their price target on shares of Liberty Energy from $16.00 to $13.50 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley reduced their price target on shares of Liberty Energy from $25.00 to $20.00 and set an "overweight" rating for the company in a report on Friday. Finally, The Goldman Sachs Group reduced their price target on shares of Liberty Energy from $19.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Seven equities research 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.55.

Liberty Energy Stock Performance

LBRT stock traded up $0.03 during trading hours on Friday, reaching $12.24. The stock had a trading volume of 2,840,644 shares, compared to its average volume of 2,782,302. The stock has a market capitalization of $1.98 billion, a PE ratio of 6.54 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. The stock has a 50-day simple moving average of $12.80 and a 200 day simple moving average of $16.61. 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 issued its quarterly earnings data 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 for the quarter, compared to analyst estimates 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 firm earned $0.48 earnings per share. Analysts predict that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors 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 yield of 2.61%. The ex-dividend date is Friday, June 6th. Liberty Energy's dividend payout ratio is 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.