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

International Assets Investment Management LLC reduced its position in Liberty Energy Inc. (NYSE:LBRT) by 95.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,819 shares of the company’s stock after selling 205,547 shares during the period. International Assets Investment Management LLC’s holdings in Liberty Energy were worth $224,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Empowered Funds LLC increased its position in shares of Liberty Energy by 45.1% in the third quarter. Empowered Funds LLC now owns 495,578 shares of the company’s stock worth $9,461,000 after acquiring an additional 154,070 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Liberty Energy by 61.2% in the third quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company’s stock worth $60,061,000 after acquiring an additional 1,193,918 shares in the last quarter. Principal Financial Group Inc. increased its position 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 worth $16,651,000 after acquiring an additional 37,927 shares in the last quarter. Quest Partners LLC increased its position in shares of 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 acquiring an additional 39,497 shares in the last quarter. Finally, Impala Asset Management LLC increased its position in shares of Liberty Energy by 89.2% in the third quarter. Impala Asset Management LLC now owns 350,000 shares of the company’s stock worth $6,682,000 after acquiring an additional 165,000 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Liberty Energy

In other news, CEO Christopher A. Wright sold 2,037 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $18.15, for a total value of $36,971.55. Following the completion of the sale, the chief executive officer now directly owns 2,578,813 shares in the company, valued at approximately $46,805,455.95. The trade was a 0.08 % 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, CFO Michael Stock sold 20,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $20.82, for a total transaction of $416,400.00. Following the completion of the sale, the chief financial officer now owns 680,207 shares of the company’s stock, valued at $14,161,909.74. The trade was a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 77,973 shares of company stock worth $1,471,335. 3.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. 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. Citigroup raised their price target on shares of Liberty Energy from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Royal Bank of Canada decreased their price target on shares of Liberty Energy from $26.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, October 18th. Wells Fargo & Company decreased their price target on shares of Liberty Energy from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, October 18th. Finally, Evercore ISI upgraded shares of Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued 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 $22.20.

Liberty Energy Price Performance

NYSE LBRT opened at $21.13 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $3.45 billion, a PE ratio of 10.06 and a beta of 1.66. The company has a 50 day moving average price of $18.74 and a two-hundred day moving average price of $19.67. Liberty Energy Inc. has a 12-month low of $16.57 and a 12-month high of $24.75.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Liberty Energy’s quarterly revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts predict that Liberty Energy Inc. will post 1.72 earnings per share for the current fiscal year.

About Liberty Energy

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.