Barclays Adjusts Liberty Energy Rating to Neutral Amid Rising Institutional Interest
Barclays updated its rating for Liberty Energy Inc. (NYSE:LBRT) to Neutral and raised the price target to $17 USD on Dec 18, 2024.
Callodine Capital Management LP increased its position in the hydraulic fracturing service provider by 203.3% in the recent quarter. The firm acquired 708,453 additional shares, bringing its total holding to 1,057,000 shares valued at approximately $12.1M USD.
This investment represents 1.3% of the firm's portfolio, making Liberty Energy its 27th largest holding. Other institutional investors like Vanguard Group Inc. expanded stakes by 6.5%, holding 18,443,909 shares valued at $292M USD.
On Dec 18, 2024, LBRT shares were priced at $17.97 USD, representing a 6.1% decrease. The stock maintained a market capitalization of $2.91B USD with a trading volume of 6,387,010 shares during the session.
- Liberty Energy provides hydraulic fracturing services to the oil and gas industry within the United States.
- The company competes with energy service providers such as Halliburton and Schlumberger.
- Further details are available via LBRT and LBRT.
- Information on LBRT and the LBRT is also provided.
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