Liberty Energy Inc. (NYSE:LBRT) Shares Bought by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC raised its stake in Liberty Energy Inc. (NYSE:LBRT) by 24.1% in the fourth quarter, HoldingsChannel reports. The fund owned 33,360 shares of the company’s stock after purchasing an additional 6,481 shares during the period. Snowden Capital Advisors LLC’s holdings in Liberty Energy were worth $664,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. ProShare Advisors LLC lifted its holdings in Liberty Energy by 41.6% in the fourth quarter. ProShare Advisors LLC now owns 47,814 shares of the company’s stock valued at $951,000 after acquiring an additional 14,053 shares during the period. Numerai GP LLC raised its stake in shares of Liberty Energy by 54.7% during the 4th quarter. Numerai GP LLC now owns 16,102 shares of the company’s stock worth $320,000 after buying an additional 5,694 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Liberty Energy by 1.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 90,110 shares of the company’s stock worth $1,792,000 after buying an additional 1,703 shares during the period. Lighthouse Investment Partners LLC acquired a new position in shares of Liberty Energy during the 4th quarter worth approximately $2,387,000. Finally, Interval Partners LP acquired a new position in shares of Liberty Energy during the 4th quarter worth approximately $1,300,000. 98.22% of the stock is owned by institutional investors and hedge funds.

Liberty Energy Stock Down 1.4%

NYSE LBRT opened at $11.80 on Wednesday. The business has a fifty day moving average price of $12.70 and a 200 day moving average price of $16.54. Liberty Energy Inc. has a one year low of $9.50 and a one year high of $24.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.27. The company has a market cap of $1.91 billion, a P/E ratio of 6.31 and a beta of 0.71.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. The firm had revenue of $977.46 million during the quarter, compared to the consensus estimate of $960.64 million. During the same period in the prior year, the company earned $0.48 EPS. Research analysts anticipate that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Friday, June 6th. Liberty Energy’s dividend payout ratio is currently 21.19%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LBRT. Citigroup reduced their target price on Liberty Energy from $16.00 to $13.50 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. Cowen reaffirmed a “hold” rating on shares of Liberty Energy in a research note on Monday, April 21st. The Goldman Sachs Group reduced their target price on Liberty Energy from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Stifel Nicolaus reduced their target price on Liberty Energy from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Finally, Royal Bank of Canada downgraded Liberty Energy from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $24.00 to $19.00 in a research note on Monday, March 24th. Seven 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.55.

Liberty Energy 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.