Cetera Investment Advisers Has $997,000 Position in Liberty Energy Inc. (NYSE:LBRT)

Cetera Investment Advisers raised its position in shares of Liberty Energy Inc. (NYSE:LBRT) by 10.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,952 shares of the company’s stock after purchasing an additional 5,971 shares during the quarter. Cetera Investment Advisers’ holdings in Liberty Energy were worth $997,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Yousif Capital Management LLC increased its stake in shares of Liberty Energy by 1.5% in the first quarter. Yousif Capital Management LLC now owns 62,536 shares of the company’s stock worth $990,000 after acquiring an additional 914 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Liberty Energy by 1.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 90,110 shares of the company’s stock worth $1,792,000 after acquiring an additional 1,703 shares during the last quarter. Benjamin Edwards Inc. increased its stake in shares of Liberty Energy by 4.9% in the fourth quarter. Benjamin Edwards Inc. now owns 42,471 shares of the company’s stock worth $845,000 after acquiring an additional 1,966 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Liberty Energy by 0.6% in the fourth quarter. Legal & General Group Plc now owns 437,741 shares of the company’s stock worth $8,707,000 after acquiring an additional 2,511 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of Liberty Energy by 35.7% in the fourth quarter. LPL Financial LLC now owns 14,788 shares of the company’s stock worth $294,000 after acquiring an additional 3,887 shares during the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Liberty Energy Price Performance

Liberty Energy stock opened at $11.41 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.16 and a quick ratio of 0.91. The company has a market capitalization of $1.85 billion, a PE ratio of 8.77 and a beta of 0.67. Liberty Energy Inc. has a one year low of $9.50 and a one year high of $23.58. The business has a 50 day simple moving average of $12.19 and a 200 day simple moving average of $13.53.

Liberty Energy (NYSE:LBRT) last posted its earnings results on Thursday, July 24th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). Liberty Energy had a return on equity of 6.01% and a net margin of 5.29%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the business earned $0.64 EPS. Liberty Energy’s quarterly revenue was down 10.1% compared to the same quarter last year. On average, sell-side analysts forecast that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, September 4th. Liberty Energy’s dividend payout ratio (DPR) is 24.62%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Piper Sandler assumed coverage on shares of Liberty Energy in a research note on Tuesday, July 15th. They issued a “neutral” rating and a $14.00 price target on the stock. 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. Cowen reissued a “hold” rating on shares of Liberty Energy in a research report on Monday, April 21st. Wells Fargo & Company increased their target price on shares of Liberty Energy from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 5th. Finally, Wall Street Zen downgraded shares of Liberty Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.15.

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.