Liberty Energy Inc. (NYSE:LBRT) Shares Purchased by FourThought Financial LLC

FourThought Financial LLC boosted its stake in Liberty Energy Inc. (NYSE:LBRTGet Rating) by 84.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,364 shares of the company’s stock after acquiring an additional 1,993 shares during the period. FourThought Financial LLC’s holdings in Liberty Energy were worth $55,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC acquired a new position in Liberty Energy in the 2nd quarter valued at about $38,000. Freemont Management S.A. acquired a new position in Liberty Energy during the 3rd quarter worth approximately $81,000. CastleArk Alternatives LLC acquired a new position in Liberty Energy during the 2nd quarter worth approximately $86,000. Great West Life Assurance Co. Can acquired a new position in Liberty Energy during the 3rd quarter worth approximately $87,000. Finally, Rockefeller Capital Management L.P. increased its position in Liberty Energy by 8.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 9,427 shares of the company’s stock worth $119,000 after purchasing an additional 725 shares during the period. Institutional investors and hedge funds own 85.26% of the company’s stock.

Liberty Energy Stock Performance

LBRT opened at $12.66 on Friday. The stock has a market cap of $2.23 billion, a P/E ratio of 5.97, a P/E/G ratio of 0.64 and a beta of 2.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 1.14. The stock’s 50 day simple moving average is $15.28 and its 200 day simple moving average is $15.31. Liberty Energy Inc. has a 1-year low of $10.71 and a 1-year high of $20.05.

Liberty Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 20th. Investors of record on Monday, March 6th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Friday, March 3rd. Liberty Energy’s dividend payout ratio is currently 9.43%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Citigroup dropped their target price on Liberty Energy from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, January 27th. Morgan Stanley dropped their target price 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $20.41.

About Liberty Energy

(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.

See Also

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

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