DekaBank Deutsche Girozentrale Has $820,000 Stock Position in Liberty Energy Inc. (NYSE:LBRT)

DekaBank Deutsche Girozentrale increased its position in Liberty Energy Inc. (NYSE:LBRT) by 286.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,953 shares of the company’s stock after purchasing an additional 31,847 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Liberty Energy were worth $820,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Foundry Partners LLC increased its position in Liberty Energy by 15.6% in the first quarter. Foundry Partners LLC now owns 209,056 shares of the company’s stock worth $4,332,000 after purchasing an additional 28,153 shares during the period. Russell Investments Group Ltd. grew its position in shares of Liberty Energy by 114.2% during the 1st quarter. Russell Investments Group Ltd. now owns 174,265 shares of the company’s stock worth $3,611,000 after buying an additional 92,923 shares during the period. LSV Asset Management grew its position in shares of Liberty Energy by 60.2% during the 1st quarter. LSV Asset Management now owns 1,437,041 shares of the company’s stock worth $29,775,000 after buying an additional 539,861 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Liberty Energy during the 1st quarter worth about $690,000. Finally, Empowered Funds LLC grew its position in shares of Liberty Energy by 19.8% during the 1st quarter. Empowered Funds LLC now owns 331,432 shares of the company’s stock worth $6,867,000 after buying an additional 54,777 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Liberty Energy

In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $19.77, for a total value of $395,400.00. Following the sale, the chief executive officer now owns 2,638,813 shares in the company, valued at approximately $52,169,333.01. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Michael Stock sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $19.23, for a total transaction of $288,450.00. Following the sale, the chief financial officer now owns 730,207 shares in the company, valued at $14,041,880.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Christopher A. Wright sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $19.77, for a total value of $395,400.00. Following the sale, the chief executive officer now owns 2,638,813 shares in the company, valued at approximately $52,169,333.01. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,000 shares of company stock worth $1,487,250. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays decreased their target price on Liberty Energy from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Bank of America decreased their target price on Liberty Energy from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. Evercore ISI upgraded Liberty Energy to a “strong-buy” rating in a research report on Thursday, October 17th. Royal Bank of Canada decreased their target price on Liberty Energy from $26.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. Finally, Atb Cap Markets lowered Liberty Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.89.

Liberty Energy Trading Down 2.3 %

NYSE LBRT opened at $16.68 on Friday. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 1.25 and a beta of 1.70. The stock’s 50 day moving average price is $19.41 and its two-hundred day moving average price is $20.97. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.23. Liberty Energy Inc. has a 52 week low of $16.57 and a 52 week high of $24.75.

Liberty Energy (NYSE:LBRT) last released its earnings results on Wednesday, October 16th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.10). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Liberty Energy had a net margin of 8.02% and a return on equity of 18.50%. The company’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. As a group, analysts anticipate that Liberty Energy Inc. will post 1.75 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 Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.08 dividend. This is a boost from Liberty Energy’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.32 annualized dividend and a yield of 1.92%. Liberty Energy’s payout ratio is presently 13.33%.

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.