Liberty Energy Inc. $LBRT Shares Sold by Raymond James Financial Inc.

Raymond James Financial Inc. cut its position in shares of Liberty Energy Inc. (NYSE:LBRT) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 337,194 shares of the company’s stock after selling 4,281 shares during the quarter. Raymond James Financial Inc. owned 0.21% of Liberty Energy worth $5,338,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LBRT. Vanguard Group Inc. raised its holdings in Liberty Energy by 6.5% during the first quarter. Vanguard Group Inc. now owns 18,443,909 shares of the company’s stock worth $291,967,000 after purchasing an additional 1,128,491 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in Liberty Energy during the 4th quarter worth about $20,337,000. Nuveen LLC purchased a new stake in Liberty Energy during the 1st quarter worth about $7,743,000. American Century Companies Inc. increased its position in Liberty Energy by 6.4% during the 1st quarter. American Century Companies Inc. now owns 5,508,609 shares of the company’s stock worth $87,201,000 after purchasing an additional 330,520 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in Liberty Energy by 1,081.4% in the fourth quarter. Squarepoint Ops LLC now owns 316,073 shares of the company’s stock valued at $6,287,000 after purchasing an additional 289,320 shares during the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LBRT has been the subject of several analyst reports. Stifel Nicolaus dropped their target price on Liberty Energy from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, July 28th. Barclays lowered their price target on Liberty Energy from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Tuesday, July 29th. Piper Sandler lowered their price target on Liberty Energy from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, August 14th. Wall Street Zen downgraded Liberty Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Finally, Wells Fargo & Company upped their target price on Liberty Energy from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 5th. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.05.

Liberty Energy Stock Performance

LBRT opened at $10.74 on Friday. The business has a fifty day simple moving average of $11.64 and a 200-day simple moving average of $12.71. The firm has a market cap of $1.74 billion, a PE ratio of 8.26 and a beta of 0.63. Liberty Energy Inc. has a fifty-two week low of $9.50 and a fifty-two week high of $23.58. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 0.18.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.12 earnings per share (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 firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business posted $0.64 earnings per share. Liberty Energy’s revenue was down 10.1% on a year-over-year basis. As a group, equities analysts predict that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, September 4th. Liberty Energy’s dividend payout ratio (DPR) is currently 24.62%.

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.