Bridgewater Associates LP Purchases 26,567 Shares of Liberty Energy Inc. (NYSE:LBRT)

Bridgewater Associates LP boosted its holdings in Liberty Energy Inc. (NYSE:LBRT - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 727,381 shares of the company's stock after purchasing an additional 26,567 shares during the quarter. Bridgewater Associates LP owned about 0.45% of Liberty Energy worth $14,468,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its position in shares of Liberty Energy by 0.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 82,223 shares of the company's stock valued at $1,635,000 after purchasing an additional 708 shares in the last quarter. Xponance Inc. boosted its stake in shares of Liberty Energy by 7.0% in the 4th quarter. Xponance Inc. now owns 11,263 shares of the company's stock worth $224,000 after buying an additional 733 shares during the last quarter. Empirical Finance LLC grew its holdings in shares of Liberty Energy by 2.2% in the fourth quarter. Empirical Finance LLC now owns 54,149 shares of the company's stock valued at $1,077,000 after acquiring an additional 1,185 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Liberty Energy by 5.0% during the fourth quarter. Park Avenue Securities LLC now owns 29,700 shares of the company's stock valued at $591,000 after acquiring an additional 1,423 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in Liberty Energy by 257.8% during the fourth 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 period. Institutional investors own 98.22% of the company's stock.

Insider Buying and Selling at Liberty Energy

In other news, CFO Michael Stock sold 10,000 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.94, for a total transaction of $179,400.00. Following the sale, the chief financial officer now owns 717,292 shares in the company, valued at approximately $12,868,218.48. This trade represents a 1.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by company insiders.

Liberty Energy Price Performance

Shares of Liberty Energy stock traded down $0.62 during trading on Monday, hitting $11.46. The stock had a trading volume of 512,185 shares, compared to its average volume of 2,724,310. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 6.13 and a beta of 1.18. Liberty Energy Inc. has a 12 month low of $9.50 and a 12 month high of $24.75. The business's 50-day moving average is $14.70 and its 200 day moving average is $17.55. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly 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 firm had revenue of $977.46 million for the quarter, compared to analysts' expectations of $960.64 million. Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. During the same quarter last year, the firm posted $0.48 EPS. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.32 annualized dividend and a yield of 2.79%. Liberty Energy's payout ratio is presently 21.19%.

Analyst Upgrades and Downgrades

LBRT has been the subject of a number of recent analyst reports. Stifel Nicolaus reduced their price objective on Liberty Energy from $25.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $11.00 price objective (down previously from $20.00) on shares of Liberty Energy in a research report on Tuesday, April 8th. The Goldman Sachs Group dropped their price objective on Liberty Energy from $19.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Seaport Res Ptn upgraded Liberty Energy from a "hold" rating to a "strong-buy" rating in a research note on Sunday, January 5th. Finally, Royal Bank of Canada lowered Liberty Energy from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $24.00 to $19.00 in a report on Monday, March 24th. Six 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $19.10.

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.