International Assets Investment Management LLC Grows Stock Holdings in Liberty Energy Inc. (NYSE:LBRT)

International Assets Investment Management LLC boosted its position in Liberty Energy Inc. (NYSE:LBRT) by 1,777.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 233,280 shares of the company’s stock after acquiring an additional 220,854 shares during the period. International Assets Investment Management LLC owned about 0.14% of Liberty Energy worth $4,232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LBRT. Macquarie Group Ltd. grew its stake in shares of Liberty Energy by 181.5% during the 1st quarter. Macquarie Group Ltd. now owns 8,085,410 shares of the company’s stock valued at $103,574,000 after buying an additional 5,213,132 shares during the period. BlackRock Inc. grew its stake in Liberty Energy by 38.1% during the third quarter. BlackRock Inc. now owns 13,136,514 shares of the company’s stock worth $166,571,000 after buying an additional 3,621,253 shares during the period. Vanguard Group Inc. grew its stake in Liberty Energy by 20.0% during the third quarter. Vanguard Group Inc. now owns 16,972,147 shares of the company’s stock worth $215,207,000 after buying an additional 2,831,183 shares during the period. Eagle Asset Management Inc. purchased a new stake in Liberty Energy during the fourth quarter worth approximately $36,326,000. Finally, Dimensional Fund Advisors LP grew its stake in Liberty Energy by 47.3% during the first quarter. Dimensional Fund Advisors LP now owns 7,528,916 shares of the company’s stock worth $96,444,000 after buying an additional 2,417,129 shares during the period. 98.22% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Liberty Energy

In other news, Director William F. Kimble sold 12,459 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $21.55, for a total transaction of $268,491.45. Following the completion of the sale, the director now owns 69,963 shares of the company’s stock, valued at $1,507,702.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider R Sean Elliott sold 20,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $20.50, for a total transaction of $410,000.00. Following the transaction, the insider now directly owns 218,530 shares in the company, valued at $4,479,865. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William F. Kimble sold 12,459 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $21.55, for a total value of $268,491.45. Following the transaction, the director now owns 69,963 shares in the company, valued at $1,507,702.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 98,459 shares of company stock valued at $2,077,491. 3.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LBRT has been the topic of several research reports. Piper Sandler raised their price objective on Liberty Energy from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Wells Fargo & Company reduced their price target on Liberty Energy from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, December 21st. Bank of America increased their price objective on shares of Liberty Energy from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Morgan Stanley increased their price objective on shares of Liberty Energy from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.67.

Liberty Energy Stock Down 2.3 %

Shares of NYSE:LBRT opened at $21.60 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.49 and a debt-to-equity ratio of 0.15. Liberty Energy Inc. has a 52-week low of $11.62 and a 52-week high of $23.23. The company has a 50 day moving average of $21.04 and a two-hundred day moving average of $19.61. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 6.83, a price-to-earnings-growth ratio of 1.09 and a beta of 1.85.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings results on Wednesday, January 24th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). Liberty Energy had a return on equity of 32.28% and a net margin of 11.72%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business posted $0.82 EPS. The firm’s quarterly revenue was down 12.3% compared to the same quarter last year. As a group, analysts forecast that Liberty Energy Inc. will post 2.64 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Tuesday, March 5th. Liberty Energy’s payout ratio is currently 8.86%.

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.