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

FourThought Financial LLC boosted its stake in Liberty Energy Inc. (NYSE:LBRT – Get Rating) by 84.1% in the 3rd quarter, Holdings Channel reports. The firm owned 4,364 shares of the company’s stock after buying an additional 1,993 shares during the quarter. FourThought Financial LLC’s holdings in Liberty Energy were worth $55,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in Liberty Energy by 1.7% in the 2nd quarter. FMR LLC now owns 28,027,045 shares of the company’s stock valued at $357,625,000 after purchasing an additional 469,909 shares in the last quarter. Vanguard Group Inc. increased its holdings in Liberty Energy by 20.0% in the 3rd quarter. Vanguard Group Inc. now owns 16,972,147 shares of the company’s stock valued at $215,207,000 after purchasing an additional 2,831,183 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Liberty Energy by 5.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 13,553,932 shares of the company’s stock valued at $172,948,000 after purchasing an additional 734,764 shares in the last quarter. BlackRock Inc. grew its stake in shares of Liberty Energy by 38.1% during the third quarter. BlackRock Inc. now owns 13,136,514 shares of the company’s stock valued at $166,571,000 after acquiring an additional 3,621,253 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Liberty Energy by 20.1% during the third quarter. Dimensional Fund Advisors LP now owns 4,761,674 shares of the company’s stock valued at $60,379,000 after acquiring an additional 795,503 shares in the last quarter. 85.26% of the stock is currently owned by institutional investors and hedge funds.

Liberty Energy Stock Performance

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

Liberty Energy Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on LBRT. Citigroup lowered their target price on Liberty Energy from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, January 27th. Morgan Stanley lowered their target price on Liberty Energy from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, January 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $20.41.

Liberty Energy Profile

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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.