Bridgewater Associates LP Purchases 26,567 Shares of Liberty Energy Inc. (NYSE:LBRT)

Bridgewater Associates LP boosted its position in Liberty Energy Inc. (NYSE:LBRT - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 727,381 shares of the company's stock after acquiring an additional 26,567 shares during the period. Bridgewater Associates LP owned 0.45% of Liberty Energy worth $14,468,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LBRT. Harbor Capital Advisors Inc. grew its position in Liberty Energy by 0.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 82,223 shares of the company's stock valued at $1,635,000 after purchasing an additional 708 shares during the period. Xponance Inc. raised its holdings in shares of Liberty Energy by 7.0% in the 4th quarter. Xponance Inc. now owns 11,263 shares of the company's stock worth $224,000 after acquiring an additional 733 shares during the last quarter. Empirical Finance LLC lifted its position in Liberty Energy by 2.2% in the 4th quarter. Empirical Finance LLC now owns 54,149 shares of the company's stock valued at $1,077,000 after acquiring an additional 1,185 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Liberty Energy by 5.0% during the 4th quarter. Park Avenue Securities LLC now owns 29,700 shares of the company's stock valued at $591,000 after purchasing an additional 1,423 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Liberty Energy by 257.8% in the fourth 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. Institutional investors and hedge funds own 98.22% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on LBRT. Stifel Nicolaus cut their target price on Liberty Energy from $25.00 to $23.00 and set a "buy" rating on the stock in a research report on Tuesday. Wells Fargo & Company restated an "equal weight" rating and set a $11.00 price target (down from $20.00) on shares of Liberty Energy in a report on Tuesday, April 8th. Seaport Res Ptn upgraded Liberty Energy from a "hold" rating to a "strong-buy" rating in a research note on Sunday, January 5th. TD Cowen dropped their price target on Liberty Energy from $18.00 to $16.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Finally, Morgan Stanley raised Liberty Energy from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $20.00 to $25.00 in a research report on Thursday, March 27th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $19.40.

Liberty Energy Stock Performance

Shares of NYSE:LBRT traded up $0.62 during midday trading on Friday, reaching $12.05. 5,368,809 shares of the company traded hands, compared to its average volume of 2,737,099. Liberty Energy Inc. has a 12 month low of $9.50 and a 12 month high of $24.75. The firm's fifty day moving average price is $14.82 and its two-hundred day moving average price is $17.64. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 6.44 and a beta of 1.18.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. The company had revenue of $977.46 million during the quarter, compared to analyst estimates of $960.64 million. During the same period last year, the business earned $0.48 earnings per share. On average, equities analysts expect that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Friday, June 6th. Liberty Energy's dividend payout ratio (DPR) is 21.19%.

Insider Activity at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $17.94, for a total value of $179,400.00. Following the completion of the sale, the chief financial officer now owns 717,292 shares of the company's stock, valued at $12,868,218.48. This represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by insiders.

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.