Liberty Energy Inc. (NYSE:LBRT) Plans Quarterly Dividend of $0.09

Liberty Energy Inc. (NYSE:LBRT) declared a quarterly dividend on Tuesday, January 20th. Stockholders of record on Wednesday, March 4th will be paid a dividend of 0.09 per share on Wednesday, March 18th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, March 4th.

Liberty Energy has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. Liberty Energy has a payout ratio of 78.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Liberty Energy to earn $1.24 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 29.0%.

Liberty Energy Stock Performance

NYSE LBRT opened at $20.13 on Wednesday. The stock has a market cap of $3.26 billion, a PE ratio of 17.97 and a beta of 0.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.32. The firm has a 50-day moving average of $18.44 and a 200-day moving average of $14.75. Liberty Energy has a 52-week low of $9.50 and a 52-week high of $22.94.

Hedge Funds Weigh In On Liberty Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Shields Capital Management LLC acquired a new stake in shares of Liberty Energy during the 2nd quarter worth $29,000. Kelleher Financial Advisors bought a new stake in Liberty Energy during the third quarter worth about $29,000. Advisory Services Network LLC acquired a new stake in Liberty Energy during the third quarter worth about $35,000. Smartleaf Asset Management LLC increased its holdings in Liberty Energy by 213.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,607 shares of the company’s stock valued at $42,000 after buying an additional 2,457 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Liberty Energy in the 2nd quarter valued at approximately $48,000. 98.22% of the stock is owned by institutional investors and hedge funds.

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. As of as of December 31, 2023, the company owned and operated a fleet of approximately 40 active hydraulic fracturing; and two sand mines in the Permian Basin.