Stratos Wealth Partners LTD. Reduces Holdings in Liberty Energy Inc. (NYSE:LBRT)

Stratos Wealth Partners LTD. lowered its position in shares of Liberty Energy Inc. (NYSE:LBRT) by 6.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,800 shares of the company’s stock after selling 939 shares during the period. Stratos Wealth Partners LTD.’s holdings in Liberty Energy were worth $203,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LBRT. CIBC Private Wealth Group LLC increased its stake in shares of Liberty Energy by 257.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company’s stock worth $47,000 after buying an additional 1,583 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Liberty Energy in the fourth quarter worth $99,000. Meeder Asset Management Inc. bought a new stake in shares of Liberty Energy in the fourth quarter worth $120,000. New Age Alpha Advisors LLC bought a new stake in shares of Liberty Energy in the fourth quarter worth $195,000. Finally, Pekin Hardy Strauss Inc. bought a new stake in shares of Liberty Energy in the first quarter worth $161,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Liberty Energy Price Performance

Shares of NYSE LBRT opened at $11.16 on Thursday. Liberty Energy Inc. has a fifty-two week low of $9.50 and a fifty-two week high of $24.43. The firm’s 50-day simple moving average is $12.23 and its 200 day simple moving average is $14.85. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.81 billion, a P/E ratio of 7.39 and a beta of 0.66.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Liberty Energy had a net margin of 6.03% and a return on equity of 10.30%. The business had revenue of $977.46 million for the quarter, compared to analysts’ expectations of $960.64 million. During the same period in the previous year, the business earned $0.48 earnings per share. Equities analysts expect that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Thursday, September 4th. Liberty Energy’s dividend payout ratio is currently 21.19%.

Analyst Upgrades and Downgrades

LBRT has been the subject of a number of research reports. The Goldman Sachs Group decreased their price objective on shares of Liberty Energy from $19.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Morgan Stanley decreased their price objective on shares of Liberty Energy from $25.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, May 16th. Citigroup decreased their price objective on shares of Liberty Energy from $16.00 to $13.50 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Piper Sandler began coverage on shares of Liberty Energy in a report on Tuesday. They issued a “neutral” rating and a $14.00 price objective for the company. Finally, Wells Fargo & Company boosted their price target on shares of Liberty Energy from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Thursday, June 5th. Eight equities research analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.65.

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.