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

Level Four Advisory Services LLC grew its holdings in Liberty Energy Inc. (NYSE:LBRT) by 17.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,738 shares of the company’s stock after acquiring an additional 18,629 shares during the quarter. Level Four Advisory Services LLC owned 0.08% of Liberty Energy worth $1,455,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Shields Capital Management LLC acquired a new position in Liberty Energy during the 2nd quarter valued at $29,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Liberty Energy during the 2nd quarter worth about $48,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Liberty Energy during the 1st quarter worth about $50,000. GAMMA Investing LLC raised its position in shares of Liberty Energy by 281.1% during the second quarter. GAMMA Investing LLC now owns 4,329 shares of the company’s stock valued at $50,000 after buying an additional 3,193 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted 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 valued at $71,000 after buying an additional 1,392 shares during the period. Institutional investors own 98.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LBRT shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Liberty Energy in a research report on Tuesday. Barclays raised their price objective on 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 boosted their price objective on Liberty Energy from $11.00 to $18.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. TD Cowen upped their target price on Liberty Energy from $10.00 to $15.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Finally, Royal Bank Of Canada raised their target price on Liberty Energy from $15.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 25th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.80.

Liberty Energy Trading Up 0.3%

LBRT stock opened at $17.78 on Friday. Liberty Energy Inc. has a 1-year low of $9.50 and a 1-year high of $23.58. 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 business’s 50 day moving average is $15.22 and its 200-day moving average is $12.97. The firm has a market cap of $2.88 billion, a P/E ratio of 15.88 and a beta of 0.72.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings results on Thursday, October 16th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate 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 analyst estimates of $967.05 million. During the same period in the prior year, the firm earned $0.45 EPS. Liberty Energy’s quarterly revenue was down 16.8% compared to the same quarter last year. Equities analysts anticipate that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a dividend of $0.09 per share. This is an increase from Liberty Energy’s previous quarterly dividend of $0.08. 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%. Liberty Energy’s dividend payout ratio is 32.14%.

About Liberty Energy

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.