Miller Howard Investments Inc. NY Acquires 101,144 Shares of Liberty Energy Inc. (NYSE:LBRT)

Miller Howard Investments Inc. NY raised its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 315.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 133,169 shares of the company’s stock after purchasing an additional 101,144 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Liberty Energy were worth $2,649,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Empowered Funds LLC lifted its holdings in Liberty Energy by 45.1% during the 3rd quarter. Empowered Funds LLC now owns 495,578 shares of the company’s stock valued at $9,461,000 after buying an additional 154,070 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Liberty Energy by 61.2% during the third quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company’s stock valued at $60,061,000 after acquiring an additional 1,193,918 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Liberty Energy by 4.5% in the third quarter. Principal Financial Group Inc. now owns 872,215 shares of the company’s stock valued at $16,651,000 after purchasing an additional 37,927 shares during the period. Quest Partners LLC grew its stake in Liberty Energy by 168.2% in the third quarter. Quest Partners LLC now owns 62,979 shares of the company’s stock worth $1,202,000 after purchasing an additional 39,497 shares in the last quarter. Finally, Impala Asset Management LLC increased its holdings in Liberty Energy by 89.2% during the 3rd quarter. Impala Asset Management LLC now owns 350,000 shares of the company’s stock worth $6,682,000 after purchasing an additional 165,000 shares during the period. 98.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LBRT. Royal Bank of Canada dropped their price target on Liberty Energy from $26.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Barclays dropped their target price on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Evercore ISI upgraded shares of Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. Seaport Res Ptn upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Sunday, January 5th. Finally, TD Cowen reduced their price objective on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.30.

Liberty Energy Stock Performance

Shares of LBRT opened at $17.09 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10. The firm has a market cap of $2.79 billion, a PE ratio of 9.14 and a beta of 1.63. Liberty Energy Inc. has a 12 month low of $16.57 and a 12 month high of $24.75. The stock has a fifty day moving average price of $19.76 and a 200-day moving average price of $19.62.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings results 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 net margin of 7.32% and a return on equity of 14.28%. Equities research analysts predict that Liberty Energy Inc. will post 0.62 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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 yield of 1.87%. The ex-dividend date is Thursday, March 6th. Liberty Energy’s dividend payout ratio (DPR) is presently 17.11%.

Insiders Place Their Bets

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.94, for a total transaction of $179,400.00. Following the sale, the chief financial officer now owns 717,292 shares in the company, valued at approximately $12,868,218.48. The trade was a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher A. Wright sold 2,936 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $19.16, for a total value of $56,253.76. Following the completion of the transaction, the chief executive officer now owns 2,543,877 shares of the company’s stock, valued at approximately $48,740,683.32. The trade was a 0.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,936 shares of company stock valued at $1,341,184. Insiders own 3.60% of the company’s stock.

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.