Interval Partners LP Makes New $1.30 Million Investment in Liberty Energy Inc. (NYSE:LBRT)

Interval Partners LP acquired a new position in shares of Liberty Energy Inc. (NYSE:LBRT) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 65,384 shares of the company’s stock, valued at approximately $1,300,000.

Several other large investors also recently bought and sold shares of LBRT. Harbor Capital Advisors Inc. lifted its holdings in Liberty Energy by 0.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 82,223 shares of the company’s stock valued at $1,635,000 after acquiring an additional 708 shares during the last quarter. Xponance Inc. lifted its holdings in Liberty Energy by 7.0% in the fourth quarter. Xponance Inc. now owns 11,263 shares of the company’s stock valued at $224,000 after acquiring an additional 733 shares during the last quarter. Empirical Finance LLC lifted its holdings in Liberty Energy by 2.2% in the fourth 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 during the last quarter. Park Avenue Securities LLC lifted its holdings in Liberty Energy by 5.0% in the fourth quarter. Park Avenue Securities LLC now owns 29,700 shares of the company’s stock valued at $591,000 after acquiring an additional 1,423 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in Liberty Energy by 257.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company’s stock valued at $47,000 after acquiring an additional 1,583 shares during the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Energy Stock Performance

Liberty Energy stock opened at $12.08 on Monday. Liberty Energy Inc. has a 12-month low of $9.50 and a 12-month high of $24.75. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 6.46 and a beta of 0.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97. The firm’s fifty day moving average price is $13.05 and its 200 day moving average price is $16.78.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $977.46 million for the quarter, compared to the consensus estimate of $960.64 million. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. During the same quarter in the previous year, the firm posted $0.48 EPS. On average, research analysts forecast that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The firm 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 dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Friday, June 6th. Liberty Energy’s dividend payout ratio is presently 21.19%.

Wall Street Analyst Weigh In

LBRT has been the topic of a number of research reports. 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 research note on Tuesday, April 8th. Morgan Stanley upgraded Liberty Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $20.00 to $25.00 in a research note on Thursday, March 27th. Royal Bank of Canada cut Liberty Energy from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $24.00 to $19.00 in a research note on Monday, March 24th. Stifel Nicolaus decreased their price target on Liberty Energy from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, Citigroup decreased their price target on Liberty Energy from $16.00 to $13.50 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.05.

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.