26,335 Shares in Liberty Energy Inc. (NYSE:LBRT) Acquired by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. acquired a new position in shares of Liberty Energy Inc. (NYSE:LBRT) during the first quarter, HoldingsChannel.com reports. The firm acquired 26,335 shares of the company’s stock, valued at approximately $417,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Yousif Capital Management LLC lifted its position in Liberty Energy by 1.5% during the first quarter. Yousif Capital Management LLC now owns 62,536 shares of the company’s stock worth $990,000 after buying an additional 914 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new position in Liberty Energy during the first quarter worth approximately $197,000. GAMMA Investing LLC lifted its position in Liberty Energy by 1,279.1% during the first quarter. GAMMA Investing LLC now owns 17,983 shares of the company’s stock worth $285,000 after buying an additional 16,679 shares in the last quarter. Palogic Value Management L.P. purchased a new position in Liberty Energy during the fourth quarter worth approximately $1,492,000. Finally, Alpha Wealth Funds LLC acquired a new stake in Liberty Energy during the fourth quarter worth $728,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LBRT shares. Royal Bank of Canada cut Liberty Energy from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $24.00 to $19.00 in a research note on Monday, March 24th. TD Cowen raised their target price on Liberty Energy from $10.00 to $13.00 and gave the stock a “hold” rating in a research note on Monday, April 21st. JPMorgan Chase & Co. cut their target price on Liberty Energy from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, May 28th. Stifel Nicolaus cut their target price on Liberty Energy from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Finally, Cowen reissued a “hold” rating on shares of Liberty Energy in a research note on Monday, April 21st. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Liberty Energy presently has a consensus rating of “Moderate Buy” and an average target price of $17.23.

Liberty Energy Trading Up 4.9%

Shares of NYSE LBRT opened at $13.71 on Friday. Liberty Energy Inc. has a twelve month low of $9.50 and a twelve month high of $24.43. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $11.94 and a 200-day simple moving average of $15.84. The stock has a market capitalization of $2.22 billion, a PE ratio of 7.33 and a beta of 0.68.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. The business had revenue of $977.46 million during the quarter, compared to analysts’ expectations of $960.64 million. During the same period in the previous year, the firm posted $0.48 earnings per share. On average, equities analysts forecast that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, June 6th. This represents a $0.32 annualized dividend and a yield of 2.33%. Liberty Energy’s payout ratio is 21.19%.

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.