Boston Partners Makes New $1.13 Million Investment in Liberty Energy Inc. $LBRT

Boston Partners bought a new position in Liberty Energy Inc. (NYSE:LBRT) during the second quarter, Holdings Channel.com reports. The firm bought 97,973 shares of the company’s stock, valued at approximately $1,125,000.

Other institutional investors also recently modified their holdings of the company. Wellington Shields Capital Management LLC bought a new stake in Liberty Energy during the second quarter worth $29,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Liberty Energy during the 2nd quarter worth $48,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Liberty Energy in the 1st quarter worth about $50,000. GAMMA Investing LLC boosted its holdings in shares of Liberty Energy by 281.1% in the 2nd quarter. GAMMA Investing LLC now owns 4,329 shares of the company’s stock worth $50,000 after buying an additional 3,193 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Liberty Energy by 45.3% during the first quarter. PNC Financial Services Group Inc. now owns 4,465 shares of the company’s stock valued at $71,000 after buying an additional 1,392 shares during the period. 98.22% of the stock is owned by institutional investors.

Liberty Energy Stock Up 0.3%

LBRT opened at $17.78 on Monday. Liberty Energy Inc. has a 12 month low of $9.50 and a 12 month high of $23.58. The company has a market cap of $2.88 billion, a PE ratio of 15.88 and a beta of 0.72. The company has a current ratio of 1.32, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $15.22 and a 200 day moving average of $12.97.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Thursday, October 16th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The business had revenue of $947.40 million for the quarter, compared to the consensus estimate of $967.05 million. Liberty Energy had a net margin of 4.76% and a return on equity of 1.69%. The company’s revenue was down 16.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 EPS. On average, sell-side analysts expect that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a dividend of $0.09 per share. This is a positive change from Liberty Energy’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.36 dividend on an annualized basis and a yield of 2.0%. Liberty Energy’s payout ratio is currently 32.14%.

Analyst Ratings Changes

Several analysts have commented on the stock. Barclays lifted their price objective on shares of Liberty Energy from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. The Goldman Sachs Group lifted their price target on shares of Liberty Energy from $11.00 to $18.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Wall Street Zen downgraded Liberty Energy from a “hold” rating to a “sell” rating in a research note on Sunday, October 19th. Cowen reissued a “hold” rating on shares of Liberty Energy in a research report on Wednesday, November 5th. Finally, Piper Sandler set a $16.00 target price on Liberty Energy and gave the company a “neutral” rating in a research note on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Liberty Energy currently has an average rating of “Moderate Buy” and an average price target of $16.80.

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.