Liberty Energy Inc. (NYSE:LBRT) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lessened its stake in shares of Liberty Energy Inc. (NYSE:LBRT) by 78.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,659 shares of the company’s stock after selling 9,446 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Liberty Energy were worth $53,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Harbour Capital Advisors LLC purchased a new position in shares of Liberty Energy during the 4th quarter worth $498,000. Principal Financial Group Inc. lifted its stake in shares of Liberty Energy by 2.8% during the 4th quarter. Principal Financial Group Inc. now owns 897,040 shares of the company’s stock worth $17,842,000 after purchasing an additional 24,825 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Liberty Energy during the 4th quarter worth $6,792,000. Barclays PLC boosted its holdings in Liberty Energy by 197.9% in the third quarter. Barclays PLC now owns 286,661 shares of the company’s stock valued at $5,471,000 after acquiring an additional 190,445 shares during the last quarter. Finally, Miller Howard Investments Inc. NY boosted its holdings in Liberty Energy by 315.8% in the fourth quarter. Miller Howard Investments Inc. NY now owns 133,169 shares of the company’s stock valued at $2,649,000 after acquiring an additional 101,144 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Wall Street Analysts Forecast Growth

LBRT has been the topic of a number of research analyst reports. Royal Bank of Canada cut Liberty Energy from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $24.00 to $19.00 in a report on Monday, March 24th. Stifel Nicolaus reduced their target price on Liberty Energy from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Barclays reduced their target price on Liberty Energy from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group reduced their target price on Liberty Energy from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Finally, Citigroup reduced their target price on Liberty Energy from $16.00 to $13.50 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.05.

Liberty Energy Trading Up 5.1%

NYSE:LBRT opened at $12.71 on Tuesday. The business’s 50-day moving average is $12.99 and its two-hundred day moving average is $16.74. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97. Liberty Energy Inc. has a 12 month low of $9.50 and a 12 month high of $24.75. The firm has a market capitalization of $2.06 billion, a PE ratio of 6.79 and a beta of 0.71.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. The company had revenue of $977.46 million for the quarter, compared to analyst estimates of $960.64 million. During the same period last year, the company posted $0.48 earnings per share. Research analysts predict that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Friday, June 6th. Liberty Energy’s payout ratio is 21.19%.

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.