Level Four Advisory Services LLC Has $1.46 Million Stake in Liberty Energy Inc. $LBRT

Level Four Advisory Services LLC raised its holdings in Liberty Energy Inc. (NYSE:LBRT) by 17.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 126,738 shares of the company’s stock after purchasing an additional 18,629 shares during the quarter. Level Four Advisory Services LLC’s holdings in Liberty Energy were worth $1,455,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Wellington Shields Capital Management LLC acquired a new stake in shares of Liberty Energy in the second quarter valued at $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Liberty Energy during the 1st quarter worth about $50,000. Caitong International Asset Management Co. Ltd acquired a new stake in Liberty Energy in the 2nd quarter valued at about $48,000. GAMMA Investing LLC raised its stake in shares of Liberty Energy by 281.1% in the second quarter. GAMMA Investing LLC now owns 4,329 shares of the company’s stock worth $50,000 after acquiring an additional 3,193 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Liberty Energy by 45.3% in the first quarter. PNC Financial Services Group Inc. now owns 4,465 shares of the company’s stock worth $71,000 after acquiring an additional 1,392 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.

Wall Street Analysts Forecast Growth

LBRT has been the topic of several research analyst reports. Barclays increased their price target on shares of Liberty Energy from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 21st. Cowen reaffirmed a “hold” rating on shares of Liberty Energy in a report on Wednesday, November 5th. TD Cowen increased their price objective on Liberty Energy from $10.00 to $15.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Wall Street Zen cut Liberty Energy from a “hold” rating to a “sell” rating in a research note on Sunday, October 19th. Finally, The Goldman Sachs Group boosted their target price on Liberty Energy from $11.00 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.80.

Liberty Energy Stock Performance

LBRT stock opened at $17.78 on Friday. Liberty Energy Inc. has a twelve month low of $9.50 and a twelve month high of $23.58. The company has a quick ratio of 1.05, a current ratio of 1.32 and a debt-to-equity ratio of 0.22. The company has a market cap of $2.88 billion, a P/E ratio of 15.88 and a beta of 0.72. The business’s fifty day moving average is $15.22 and its 200-day moving average is $12.97.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings data on Thursday, October 16th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). Liberty Energy had a net margin of 4.76% and a return on equity of 1.69%. The company had revenue of $947.40 million during the quarter, compared to the consensus estimate of $967.05 million. During the same quarter in the prior year, the company posted $0.45 EPS. The company’s revenue for the quarter was down 16.8% compared to the same quarter last year. Equities research analysts forecast that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Increases Dividend

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

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.