Liberty Energy Inc. (NYSE:LBRT) Shares Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lifted its stake in shares of Liberty Energy Inc. (NYSE:LBRT) by 11.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,416 shares of the company’s stock after purchasing an additional 9,223 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.06% of Liberty Energy worth $1,798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in LBRT. Principal Financial Group Inc. increased its position in Liberty Energy by 2.8% in the 4th quarter. Principal Financial Group Inc. now owns 897,040 shares of the company’s stock valued at $17,842,000 after acquiring an additional 24,825 shares during the period. Raymond James Financial Inc. acquired a new stake in Liberty Energy in the 4th quarter valued at approximately $6,792,000. Barclays PLC increased its position in Liberty Energy by 197.9% in the 3rd quarter. Barclays PLC now owns 286,661 shares of the company’s stock valued at $5,471,000 after acquiring an additional 190,445 shares during the period. Miller Howard Investments Inc. NY increased its position in Liberty Energy by 315.8% in the 4th quarter. Miller Howard Investments Inc. NY now owns 133,169 shares of the company’s stock valued at $2,649,000 after acquiring an additional 101,144 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in Liberty Energy in the 4th quarter valued at approximately $311,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on LBRT shares. Wells Fargo & Company restated an “equal weight” rating and issued a $11.00 target price (down from $20.00) on shares of Liberty Energy in a research report on Tuesday, April 8th. Stifel Nicolaus lowered their target price on Liberty Energy from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley lowered their target price on Liberty Energy from $25.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, May 16th. The Goldman Sachs Group decreased their price target 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. Finally, Cowen reaffirmed a “hold” rating on shares of Liberty Energy in a research note on Monday, April 21st. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Liberty Energy has a consensus rating of “Moderate Buy” and a consensus price target of $17.55.

Liberty Energy Stock Performance

LBRT opened at $11.32 on Thursday. The firm has a market cap of $1.83 billion, a PE ratio of 6.05 and a beta of 0.71. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $12.64 and a 200-day simple moving average of $16.50. Liberty Energy Inc. has a fifty-two week low of $9.50 and a fifty-two week high of $24.75.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $977.46 million during the quarter, compared to analyst estimates of $960.64 million. Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. During the same period last year, the company posted $0.48 EPS. As a group, equities analysts predict that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Friday, June 6th. Liberty Energy’s dividend payout ratio is presently 21.19%.

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.