Liberty Energy Inc. (NYSE:LBRT) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its stake in Liberty Energy Inc. (NYSE:LBRT - Free Report) by 286.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 42,953 shares of the company's stock after acquiring 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 filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC purchased a new position in shares of Liberty Energy during the 1st quarter worth $27,809,000. Hennessy Advisors Inc. raised its holdings in Liberty Energy by 48.0% in the 2nd quarter. Hennessy Advisors Inc. now owns 1,981,100 shares of the company's stock valued at $41,385,000 after buying an additional 642,700 shares during the period. American Century Companies Inc. raised its holdings in Liberty Energy by 17.6% in the 2nd quarter. American Century Companies Inc. now owns 3,961,415 shares of the company's stock valued at $82,754,000 after buying an additional 594,051 shares during the period. LSV Asset Management raised its holdings in Liberty Energy by 60.2% in the 1st quarter. LSV Asset Management now owns 1,437,041 shares of the company's stock valued at $29,775,000 after buying an additional 539,861 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in Liberty Energy by 345.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 573,200 shares of the company's stock valued at $11,974,000 after buying an additional 444,500 shares during the period. Institutional investors and hedge funds own 98.22% of the company's stock.

Insider Activity at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $20.01, for a total value of $300,150.00. Following the completion of the sale, the chief financial officer now owns 750,207 shares in the company, valued at approximately $15,011,642.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Liberty Energy news, CFO Michael Stock sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $20.01, for a total value of $300,150.00. Following the completion of the sale, the chief financial officer now owns 750,207 shares in the company, valued at approximately $15,011,642.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher A. Wright sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $19.77, for a total value of $395,400.00. Following the completion of the sale, the chief executive officer now owns 2,638,813 shares of the company's stock, 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. Insiders sold 75,000 shares of company stock valued at $1,487,250 over the last three months. 3.60% of the stock is owned by corporate insiders.

Liberty Energy Stock Down 2.3 %

Shares of Liberty Energy stock traded down $0.39 on Friday, reaching $16.68. 1,739,373 shares of the company were exchanged, compared to its average volume of 2,601,702. Liberty Energy Inc. has a 1-year low of $16.57 and a 1-year high of $24.75. The company has a market cap of $2.73 billion, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 1.25 and a beta of 1.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.97. The stock's 50 day moving average price is $19.41 and its 200-day moving average price is $20.96.

Liberty Energy (NYSE:LBRT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.10). The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. Liberty Energy had a net margin of 8.02% and a return on equity of 18.50%. The business's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.85 earnings per share. As a group, equities analysts forecast that Liberty Energy Inc. will post 1.75 EPS for the current year.

Liberty Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.92%. This is an increase from Liberty Energy's previous quarterly dividend of $0.07. The ex-dividend date is Friday, December 6th. Liberty Energy's dividend payout ratio is 13.33%.

Wall Street Analyst Weigh In

LBRT has been the topic of several research analyst reports. Stifel Nicolaus reduced their price objective on shares of Liberty Energy from $26.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, October 18th. Piper Sandler dropped their target price on Liberty Energy from $28.00 to $25.00 and set an "overweight" rating for the company in a research report on Monday, July 15th. Atb Cap Markets downgraded Liberty Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 17th. Barclays dropped 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. Finally, Wells Fargo & Company dropped their target price on Liberty Energy from $25.00 to $24.00 and set an "overweight" rating for the company in a research report on Friday, October 18th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Liberty Energy presently has an average rating of "Moderate Buy" and a consensus target price of $22.89.

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.