Liberty Energy Inc. (NYSE:LBRT) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC decreased its stake in Liberty Energy Inc. (NYSE:LBRT) by 6.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,006 shares of the company’s stock after selling 768 shares during the period. International Assets Investment Management LLC’s holdings in Liberty Energy were worth $251,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LBRT. EdgeRock Capital LLC acquired a new stake in Liberty Energy during the 4th quarter worth $27,000. GAMMA Investing LLC boosted its stake in Liberty Energy by 69.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,743 shares of the company’s stock worth $36,000 after purchasing an additional 713 shares during the period. Principal Securities Inc. acquired a new stake in Liberty Energy during the 4th quarter worth $39,000. Quadrant Capital Group LLC boosted its stake in Liberty Energy by 70.8% during the 4th quarter. Quadrant Capital Group LLC now owns 2,909 shares of the company’s stock worth $53,000 after purchasing an additional 1,206 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in Liberty Energy by 27.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company’s stock worth $59,000 after purchasing an additional 709 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Liberty Energy Price Performance

Shares of NYSE LBRT opened at $20.59 on Friday. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 1.33 and a beta of 1.74. Liberty Energy Inc. has a 52 week low of $15.64 and a 52 week high of $24.75. The company’s 50-day moving average price is $20.99 and its 200 day moving average price is $21.57. The company has a current ratio of 1.35, a quick ratio of 1.07 and a debt-to-equity ratio of 0.17.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Liberty Energy had a net margin of 9.53% and a return on equity of 22.85%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the company earned $0.87 EPS. The firm’s revenue was down 2.9% on a year-over-year basis. As a group, research analysts forecast that Liberty Energy Inc. will post 2.19 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.28 annualized dividend and a dividend yield of 1.36%. Liberty Energy’s dividend payout ratio is currently 10.22%.

Insiders Place Their Bets

In other Liberty Energy news, CFO Michael Stock sold 15,626 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $20.82, for a total transaction of $325,333.32. Following the sale, the chief financial officer now directly owns 789,581 shares of the company’s stock, valued at approximately $16,439,076.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Christopher A. Wright sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $20.26, for a total value of $405,200.00. Following the sale, the chief executive officer now directly owns 2,758,813 shares of the company’s stock, valued at $55,893,551.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Stock sold 15,626 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $20.82, for a total transaction of $325,333.32. Following the completion of the sale, the chief financial officer now directly owns 789,581 shares in the company, valued at $16,439,076.42. The disclosure for this sale can be found here. Insiders have sold 80,000 shares of company stock valued at $1,767,231 in the last ninety days. Insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays decreased their price target on shares of Liberty Energy from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Tuesday, July 23rd. Citigroup upgraded shares of Liberty Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $24.00 to $32.00 in a research note on Wednesday, May 29th. Piper Sandler cut their price objective on shares of Liberty Energy from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, July 15th. TD Cowen cut their price objective on shares of Liberty Energy from $21.00 to $20.00 and set a “hold” rating for the company in a research report on Friday, July 19th. Finally, Bank of America cut their price objective on shares of Liberty Energy from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Liberty Energy currently has a consensus rating of “Moderate Buy” and an average target price of $24.78.

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.