International Assets Investment Management LLC Buys 204,360 Shares of Liberty Energy Inc. (NYSE:LBRT)

International Assets Investment Management LLC raised its position in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 1,702.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 216,366 shares of the company's stock after purchasing an additional 204,360 shares during the quarter. International Assets Investment Management LLC owned approximately 0.13% of Liberty Energy worth $4,130,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new position in shares of Liberty Energy in the 2nd quarter valued at about $32,000. GAMMA Investing LLC boosted its holdings in shares of 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 buying an additional 713 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Liberty Energy by 27.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company's stock valued at $59,000 after acquiring an additional 709 shares in the last quarter. nVerses Capital LLC increased its stake in shares of Liberty Energy by 45.0% in the 2nd quarter. nVerses Capital LLC now owns 2,900 shares of the company's stock valued at $61,000 after acquiring an additional 900 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Liberty Energy by 43.3% during the 2nd quarter. CWM LLC now owns 6,213 shares of the company's stock valued at $130,000 after acquiring an additional 1,876 shares during the period. Institutional investors and hedge funds own 98.22% of the company's stock.

Liberty Energy Stock Performance

NYSE LBRT traded down $0.39 during trading on Friday, hitting $16.68. 1,739,373 shares of the company's stock traded hands, compared to its average volume of 2,601,702. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.23. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 1.25 and a beta of 1.70. Liberty Energy Inc. has a 12-month low of $16.57 and a 12-month high of $24.75. The business has a 50 day moving average of $19.41 and a 200-day moving average of $20.97.

Liberty Energy (NYSE:LBRT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The company reported $0.45 earnings per share 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 analysts' expectations of $1.14 billion. Liberty Energy had a net margin of 8.02% and a return on equity of 18.50%. Liberty Energy's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 earnings per share. As a group, equities research analysts anticipate that Liberty Energy Inc. will post 1.75 earnings per share for the current fiscal year.

Liberty Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.08 per share. This is a positive change from Liberty Energy's previous quarterly dividend of $0.07. The ex-dividend date is Friday, December 6th. This represents a $0.32 annualized dividend and a yield of 1.92%. Liberty Energy's dividend payout ratio (DPR) is currently 13.33%.

Insider Buying and Selling

In related news, CFO Michael Stock sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $21.01, for a total value of $105,050.00. Following the transaction, the chief financial officer now directly owns 745,207 shares in the company, valued at approximately $15,656,799.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Christopher A. Wright sold 20,000 shares of the company's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $19.77, for a total value of $395,400.00. Following the completion of the transaction, the chief executive officer now directly owns 2,638,813 shares in the company, valued at approximately $52,169,333.01. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Stock sold 5,000 shares of the firm's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $21.01, for a total value of $105,050.00. Following the transaction, the chief financial officer now directly owns 745,207 shares in the company, valued at approximately $15,656,799.07. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,000 shares of company stock worth $1,487,250 over the last ninety days. 3.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Barclays dropped their price target on Liberty Energy from $26.00 to $24.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Royal Bank of Canada cut their target price on Liberty Energy from $26.00 to $23.00 and set an "outperform" rating on the stock 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 research note on Friday, October 18th. Piper Sandler dropped their price objective on shares of Liberty Energy from $28.00 to $25.00 and set an "overweight" rating on the stock in a research note on Monday, July 15th. Finally, Stifel Nicolaus lowered their target price on shares of Liberty Energy from $26.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, October 18th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $22.89.

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.