International Assets Investment Management LLC Sells 205,547 Shares of Liberty Energy Inc. (NYSE:LBRT)

International Assets Investment Management LLC trimmed its stake in Liberty Energy Inc. (NYSE:LBRT - Free Report) by 95.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,819 shares of the company's stock after selling 205,547 shares during the quarter. International Assets Investment Management LLC's holdings in Liberty Energy were worth $224,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC boosted its holdings in shares of Liberty Energy by 45.1% in 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 during the last quarter. JPMorgan Chase & Co. lifted its stake in Liberty Energy by 61.2% in 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 during the last quarter. Principal Financial Group Inc. grew its position in shares of Liberty Energy by 4.5% in the 3rd quarter. Principal Financial Group Inc. now owns 872,215 shares of the company's stock valued at $16,651,000 after acquiring an additional 37,927 shares during the period. Quest Partners LLC grew its position in shares of Liberty Energy by 168.2% in the 3rd quarter. Quest Partners LLC now owns 62,979 shares of the company's stock valued at $1,202,000 after acquiring an additional 39,497 shares during the period. Finally, Impala Asset Management LLC increased its stake in shares of 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 last quarter. 98.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LBRT. Stifel Nicolaus cut their target price on shares of Liberty Energy from $25.00 to $23.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Citigroup lifted their target price on Liberty Energy from $19.00 to $22.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Royal Bank of Canada cut their price target on Liberty Energy from $26.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, October 18th. TD Cowen cut their price target on Liberty Energy from $18.00 to $16.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Finally, Seaport Res Ptn upgraded shares of Liberty Energy from a "hold" rating to a "strong-buy" rating in a report on Sunday, January 5th. Five equities research 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. Based on data from MarketBeat, Liberty Energy presently has a consensus rating of "Moderate Buy" and an average target price of $22.20.

Liberty Energy Stock Performance

Shares of NYSE:LBRT traded up $0.39 on Tuesday, reaching $21.44. 2,230,673 shares of the company's stock were exchanged, compared to its average volume of 2,917,020. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. Liberty Energy Inc. has a twelve month low of $16.57 and a twelve month high of $24.75. The company has a fifty day moving average of $18.82 and a 200-day moving average of $19.68. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 10.21 and a beta of 1.66.

Liberty Energy (NYSE:LBRT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.10). The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Liberty Energy had a net margin of 8.02% and a return on equity of 18.50%. The company's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 earnings per share. On average, research analysts predict that Liberty Energy Inc. will post 1.72 EPS for the current fiscal year.

Insider Buying and Selling

In other Liberty Energy news, CEO Christopher A. Wright sold 2,936 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $19.16, for a total value of $56,253.76. Following the sale, the chief executive officer now owns 2,543,877 shares of the company's stock, valued at approximately $48,740,683.32. This trade represents a 0.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael Stock sold 5,000 shares of Liberty Energy stock in a transaction on Friday, November 1st. The shares were sold at an average price of $17.21, for a total value of $86,050.00. Following the completion of the transaction, the chief financial officer now owns 725,207 shares in the company, valued at approximately $12,480,812.47. The trade was a 0.68 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,973 shares of company stock worth $1,471,335. Company 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.