Wealth Enhancement Advisory Services LLC Acquires Shares of 48,068 Liberty Energy Inc. (NYSE:LBRT)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of Liberty Energy Inc. (NYSE:LBRTFree Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 48,068 shares of the company’s stock, valued at approximately $761,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in Liberty Energy by 1,279.1% in the first quarter. GAMMA Investing LLC now owns 17,983 shares of the company’s stock valued at $285,000 after acquiring an additional 16,679 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Liberty Energy in the 4th quarter worth about $6,792,000. Two Sigma Advisers LP acquired a new stake in shares of Liberty Energy in the 4th quarter valued at about $2,779,000. Yousif Capital Management LLC raised its stake in shares of Liberty Energy by 1.5% in the 1st quarter. Yousif Capital Management LLC now owns 62,536 shares of the company’s stock valued at $990,000 after purchasing an additional 914 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Liberty Energy during the fourth quarter worth about $3,365,000. 98.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Energy Trading Down 0.1%

NYSE:LBRT opened at $12.24 on Friday. The firm has a market capitalization of $1.98 billion, a P/E ratio of 8.10 and a beta of 0.66. The business has a 50 day simple moving average of $12.17 and a 200 day simple moving average of $15.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 0.91. Liberty Energy Inc. has a 12-month low of $9.50 and a 12-month high of $24.43.

Liberty Energy (NYSE:LBRTGet Free Report) last posted its earnings results 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. Liberty Energy had a return on equity of 10.30% and a net margin of 6.03%. The company had revenue of $977.46 million for the quarter, compared to analysts’ expectations of $960.64 million. During the same period last year, the business posted $0.48 earnings per share. Equities research analysts predict that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a $0.08 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.32 annualized dividend and a yield of 2.62%. Liberty Energy’s dividend payout ratio is presently 21.19%.

Analysts Set New Price Targets

LBRT has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on Liberty Energy from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Thursday, June 5th. Stifel Nicolaus decreased their target price on Liberty Energy from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Cowen reiterated a “hold” rating on shares of Liberty Energy in a report on Monday, April 21st. Royal Bank Of Canada lowered Liberty Energy from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $24.00 to $19.00 in a research report on Monday, March 24th. Finally, Citigroup reduced their price objective on Liberty Energy from $16.00 to $13.50 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Eight investment 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, Liberty Energy currently has an average rating of “Moderate Buy” and a consensus target price of $17.23.

Get Our Latest Research Report on Liberty Energy

Liberty Energy Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Liberty Energy (NYSE:LBRT)

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