Focus Partners Wealth Has $1.72 Million Stock Position in Liberty Energy Inc. (NYSE:LBRT)

Focus Partners Wealth boosted its holdings in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 56.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 86,507 shares of the company's stock after acquiring an additional 31,128 shares during the quarter. Focus Partners Wealth owned 0.05% of Liberty Energy worth $1,721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of LBRT. Principal Financial Group Inc. raised its holdings in shares of Liberty Energy by 2.8% during the 4th quarter. Principal Financial Group Inc. now owns 897,040 shares of the company's stock valued at $17,842,000 after purchasing an additional 24,825 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Liberty Energy during the 4th quarter worth about $6,792,000. Barclays PLC lifted its holdings in Liberty Energy by 197.9% in the 3rd quarter. Barclays PLC now owns 286,661 shares of the company's stock worth $5,471,000 after purchasing an additional 190,445 shares during the last quarter. Miller Howard Investments Inc. NY boosted its position in Liberty Energy by 315.8% during the fourth quarter. Miller Howard Investments Inc. NY now owns 133,169 shares of the company's stock worth $2,649,000 after purchasing an additional 101,144 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in Liberty Energy during the fourth quarter valued at approximately $311,000. Hedge funds and other institutional investors own 98.22% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Cowen reissued a "hold" rating on shares of Liberty Energy in a research report on Monday, April 21st. Barclays lowered their price objective on shares of Liberty Energy from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley dropped their price objective on shares of Liberty Energy from $25.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday. Citigroup cut their price target on Liberty Energy from $16.00 to $13.50 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. 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. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $17.55.

Liberty Energy Price Performance

Shares of LBRT traded down $0.17 during mid-day trading on Tuesday, hitting $11.80. 1,835,777 shares of the company traded hands, compared to its average volume of 2,776,899. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 6.31 and a beta of 0.71. The business has a 50-day moving average of $12.75 and a 200 day moving average of $16.57. Liberty Energy Inc. has a one year low of $9.50 and a one year high of $24.75.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share 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 quarter in the previous year, the company posted $0.48 earnings per share. As a group, equities analysts expect that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Friday, June 6th. 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.