Apollon Wealth Management LLC Boosts Stock Position in Liberty Energy Inc. (NYSE:LBRT)

Apollon Wealth Management LLC grew its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 128,264 shares of the company’s stock after buying an additional 2,831 shares during the quarter. Apollon Wealth Management LLC owned 0.08% of Liberty Energy worth $2,551,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its position in shares of Liberty Energy by 17.1% in the 3rd quarter. FMR LLC now owns 18,115,282 shares of the company’s stock worth $345,821,000 after acquiring an additional 2,640,119 shares in 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 during the period. State Street Corp increased its stake in Liberty Energy by 2.7% during the third quarter. State Street Corp now owns 6,662,830 shares of the company’s stock valued at $127,193,000 after purchasing an additional 176,887 shares during the last quarter. Canoe Financial LP raised its holdings in shares of Liberty Energy by 20.4% during the third quarter. Canoe Financial LP now owns 4,124,695 shares of the company’s stock worth $79,408,000 after purchasing an additional 699,500 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Liberty Energy by 5.8% in the 3rd 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. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LBRT has been the topic of several research reports. Evercore ISI upgraded shares of Liberty Energy to a “strong-buy” rating in a research note on Thursday, October 17th. 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. Seaport Res Ptn upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, January 5th. TD Cowen dropped their target price on Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus boosted their price target on shares of Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, January 31st. Five analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Liberty Energy currently has a consensus rating of “Moderate Buy” and an average price target of $22.30.

Liberty Energy Price Performance

Shares of NYSE LBRT opened at $17.09 on Monday. The stock has a market cap of $2.79 billion, a P/E ratio of 9.14 and a beta of 1.63. The firm’s 50-day simple moving average is $19.76 and its 200 day simple moving average is $19.60. Liberty Energy Inc. has a fifty-two week low of $16.57 and a fifty-two week high of $24.75. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.10.

Liberty Energy (NYSE:LBRT) last released its earnings results on Wednesday, January 29th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.06). Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. Equities analysts expect that Liberty Energy Inc. will post 0.62 EPS for the current year.

Liberty Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a $0.08 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a yield of 1.87%. Liberty Energy’s dividend payout ratio (DPR) is 17.11%.

Insider Buying and Selling at Liberty Energy

In related news, CEO Christopher A. Wright sold 2,936 shares of the stock in a transaction that occurred 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 directly owns 2,543,877 shares of the company’s stock, valued at $48,740,683.32. This represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Stock sold 10,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 705,207 shares of the company’s stock, valued at $13,039,277.43. The trade was a 1.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 68,936 shares of company stock valued at $1,341,184. 3.60% of the stock is owned by corporate insiders.

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.