23 hours Ago By Defense World Staff
Renaissance Technologies LLC boosted its position in shares of Liberty Energy Inc. ( NYSE:LBRT – Free Report ) by 23.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 58,300 shares of the company’s stock after buying an additional 11,200 shares during the period. Renaissance Technologies LLC’s holdings in Liberty Energy were worth $1,160,000 at the end of the most recent quarter. Several other large investors also recently bought and sold shares of the company.
Blue Trust Inc. boosted its stake in shares of Liberty Energy by 604.9% in the fourth quarter.
Blue Trust Inc. now owns 2,460 shares of the company’s stock worth $47,000 after acquiring an additional 2,111 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in Liberty Energy by 257.
8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company’s stock worth $47,000 after purchasing an additional 1,583 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of Liberty Energy during the fourth quarter worth $60,000.
Smartleaf Asset Management LLC raised its position in shares of Liberty Energy by 176.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company’s stock valued at $67,000 after buying an additional 2,184 shares during the last quarter.
Finally, Lee Danner & Bass Inc. purchased a new position in shares of Liberty Energy in the fourth quarter worth about $99,000. 98.
22% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth Several analysts recently issued reports on LBRT shares. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $11.
00 price objective (down previously from $20.00) on shares of Liberty Energy in a research note on Tuesday, April 8th. Barclays cut their price target on Liberty Energy from $17.
00 to $16.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. The Goldman Sachs Group lowered their price objective on Liberty Energy from $19.
00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. TD Cowen raised their target price on Liberty Energy from $10.
00 to $13.00 and gave the stock a “hold” rating in a research note on Monday, April 21st. Finally, Cowen reissued a “hold” rating on shares of Liberty Energy in a research report on Monday, April 21st.
Seven analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Liberty Energy has a consensus rating of “Moderate Buy” and an average target price of $18.
05. Liberty Energy Price Performance Shares of LBRT opened at $12.23 on Wednesday.
The firm has a 50-day simple moving average of $13.92 and a two-hundred day simple moving average of $17.16.
The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.
97. Liberty Energy Inc. has a 1-year low of $9.
50 and a 1-year high of $24.75. The stock has a market cap of $1.
98 billion, a PE ratio of 6.54 and a beta of 1.18.
Liberty Energy ( NYSE:LBRT – Get Free Report ) last announced its earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
03 by $0.01. Liberty Energy had a return on equity of 14.
28% and a net margin of 7.32%. The company had revenue of $977.
46 million for the quarter, compared to analyst estimates of $960.64 million. During the same quarter in the previous year, the company earned $0.
48 earnings per share. As a group, analysts forecast that Liberty Energy Inc. will post 0.
58 EPS for the current year. Liberty Energy Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors 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 yield of 2.
62%. The ex-dividend date is Friday, June 6th. Liberty Energy’s payout ratio is 21.
19%. Insider Activity at Liberty Energy In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $17.
94, for a total transaction of $179,400.00. Following the sale, the chief financial officer now directly owns 717,292 shares in the company, valued at $12,868,218.
48. This represents a 1.37 % decrease in their position.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link . 1.90% of the stock is currently owned by company insiders.
About Liberty Energy ( Free Report ) 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. Further Reading Five stocks we like better than Liberty Energy EV Stocks and How to Profit from Them Don’t Be Fooled by the Bounce: The Market Storm Isn’t Over Yet Stock Ratings and Recommendations: Understanding Analyst Ratings Coca-Cola Company Stock Can Bubble to New Highs This Year The Risks of Owning Bonds 3 Stocks Lifting 2025 Guidance Despite Market Jitters Want to see what other hedge funds are holding LBRT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Liberty Energy Inc. ( NYSE:LBRT – Free Report ). Receive News & Ratings for Liberty Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Energy and related companies with MarketBeat.
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