Empowered Funds LLC Has $3.06 Million Stake in Liberty Energy Inc. (NYSE:LBRT)

Empowered Funds LLC lowered its position in Liberty Energy Inc. (NYSE:LBRT) by 69.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 153,839 shares of the company’s stock after selling 341,739 shares during the period. Empowered Funds LLC owned 0.09% of Liberty Energy worth $3,060,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LBRT. FMR LLC increased its stake in shares of Liberty Energy by 17.1% during the 3rd quarter. FMR LLC now owns 18,115,282 shares of the company’s stock worth $345,821,000 after purchasing an additional 2,640,119 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Liberty Energy by 15.9% in the third quarter. Pacer Advisors Inc. now owns 7,012,382 shares of the company’s stock worth $133,866,000 after purchasing an additional 963,068 shares in the last quarter. State Street Corp increased its position in Liberty Energy by 2.7% during the third quarter. State Street Corp now owns 6,662,830 shares of the company’s stock worth $127,193,000 after buying an additional 176,887 shares during the last quarter. Canoe Financial LP raised its holdings in Liberty Energy by 20.4% during the third quarter. Canoe Financial LP now owns 4,124,695 shares of the company’s stock valued at $79,408,000 after buying an additional 699,500 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Liberty Energy by 5.8% in the third quarter. Geode Capital Management LLC now owns 3,779,906 shares of the company’s stock worth $72,173,000 after buying an additional 207,527 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.

Liberty Energy Stock Up 2.3 %

NYSE LBRT opened at $17.54 on Friday. Liberty Energy Inc. has a twelve month low of $16.57 and a twelve month high of $24.75. The stock has a market cap of $2.87 billion, a PE ratio of 9.38 and a beta of 1.63. The firm has a 50-day simple moving average of $19.69 and a 200 day simple moving average of $19.51. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.27.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. On average, research analysts forecast that Liberty Energy Inc. will post 0.62 EPS for the current year.

Liberty Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Thursday, March 6th. Liberty Energy’s dividend payout ratio is 17.11%.

Insider Transactions at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $18.49, for a total transaction of $184,900.00. Following the completion of the transaction, the chief financial officer now directly owns 705,207 shares in the company, valued at $13,039,277.43. This represents a 1.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher A. Wright sold 2,936 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $19.16, for a total transaction of $56,253.76. Following the completion of the sale, the chief executive officer now owns 2,543,877 shares in the company, valued at $48,740,683.32. This represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 68,936 shares of company stock valued at $1,341,184. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LBRT. Evercore ISI raised Liberty Energy to a “strong-buy” rating in a research note on Thursday, October 17th. Royal Bank of Canada dropped their price target on shares of Liberty Energy from $26.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Atb Cap Markets upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Stifel Nicolaus raised their target price on shares of Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Seaport Res Ptn raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, January 5th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.30.

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.