Hsbc Holdings PLC Purchases New Position in Liberty Energy Inc. (NYSE:LBRT)

Hsbc Holdings PLC purchased a new stake in shares of Liberty Energy Inc. (NYSE:LBRT – Get Rating) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 54,234 shares of the company’s stock, valued at approximately $691,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new position in Liberty Energy during the second quarter valued at approximately $38,000. Freemont Management S.A. purchased a new stake in Liberty Energy during the third quarter valued at approximately $81,000. CastleArk Alternatives LLC purchased a new stake in Liberty Energy during the second quarter valued at approximately $86,000. Great West Life Assurance Co. Can purchased a new stake in Liberty Energy during the third quarter valued at approximately $87,000. Finally, Rockefeller Capital Management L.P. raised its position in Liberty Energy by 8.3% during the third quarter. Rockefeller Capital Management L.P. now owns 9,427 shares of the company’s stock valued at $119,000 after purchasing an additional 725 shares during the period. 85.26% of the stock is owned by institutional investors.

Liberty Energy Stock Up 0.1 %

Shares of NYSE:LBRT opened at $16.40 on Friday. Liberty Energy Inc. has a 52-week low of $10.71 and a 52-week high of $20.05. The stock has a market cap of $2.89 billion, a P/E ratio of 7.74, a price-to-earnings-growth ratio of 0.83 and a beta of 2.14. The business’s 50 day moving average is $15.51 and its 200 day moving average is $15.36. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 0.16.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. Investors of record on Monday, March 6th will be paid a $0.05 dividend. The ex-dividend date is Friday, March 3rd. This represents a $0.20 annualized dividend and a yield of 1.22%. Liberty Energy’s dividend payout ratio (DPR) is currently 9.43%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LBRT. Morgan Stanley decreased their price objective on Liberty Energy from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 4th. Citigroup reduced their price target on Liberty Energy from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, January 27th. Finally, Piper Sandler increased their price target on Liberty Energy from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, November 18th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Liberty Energy currently has an average rating of “Moderate Buy” and a consensus target price of $20.41.

Liberty Energy Profile

(Get Rating)

Liberty Energy, Inc engages in the provision of hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America. The company was founded on December 21, 2016 and is headquartered in Denver, CO.