Lighthouse Investment Partners LLC Takes $2.39 Million Position in Liberty Energy Inc. (NYSE:LBRT)

Lighthouse Investment Partners LLC acquired a new position in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 120,000 shares of the company's stock, valued at approximately $2,387,000. Lighthouse Investment Partners LLC owned about 0.07% of Liberty Energy at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of LBRT. Interval Partners LP acquired a new stake in Liberty Energy during the 4th quarter valued at $1,300,000. Janus Henderson Group PLC raised its position in shares of Liberty Energy by 100.2% in the fourth quarter. Janus Henderson Group PLC now owns 154,252 shares of the company's stock valued at $3,069,000 after purchasing an additional 77,215 shares during the period. GeoSphere Capital Management LLC acquired a new stake in shares of Liberty Energy during the 4th quarter worth about $2,486,000. Gotham Asset Management LLC lifted its stake in shares of Liberty Energy by 59.9% during the 4th quarter. Gotham Asset Management LLC now owns 25,517 shares of the company's stock worth $508,000 after buying an additional 9,563 shares during the last quarter. Finally, Focus Partners Wealth boosted its holdings in shares of Liberty Energy by 56.2% during the 4th quarter. Focus Partners Wealth now owns 86,507 shares of the company's stock worth $1,721,000 after buying an additional 31,128 shares during the period. 98.22% of the stock is owned by institutional investors.

Liberty Energy Stock Down 2.6%

NYSE LBRT traded down $0.32 during mid-day trading on Monday, hitting $11.92. The company's stock had a trading volume of 406,569 shares, compared to its average volume of 2,773,003. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 6.36 and a beta of 0.71. The company's 50 day simple moving average is $12.80 and its 200 day simple moving average is $16.61. 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 Inc. has a twelve month low of $9.50 and a twelve month 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 (EPS) for the quarter, beating analysts' consensus estimates 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 last year, the company earned $0.48 earnings per share. Analysts anticipate that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

The firm 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 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%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LBRT shares. Morgan Stanley dropped their target price on Liberty Energy from $25.00 to $20.00 and set an "overweight" rating for the company in a report on Friday. TD Cowen raised their price target on shares of Liberty Energy from $10.00 to $13.00 and gave the stock a "hold" rating in a research report on Monday, April 21st. The Goldman Sachs Group cut their price objective 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. Stifel Nicolaus lowered their target price on shares of Liberty Energy from $23.00 to $22.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Citigroup dropped their price target on shares of Liberty Energy from $16.00 to $13.50 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Seven 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.55.

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.