Liberty Energy Inc. (NYSE:LBRT) Shares Sold by Towle & Co.

Towle & Co. trimmed its position in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) by 22.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 676,498 shares of the company's stock after selling 201,106 shares during the period. Liberty Energy makes up about 2.3% of Towle & Co.'s holdings, making the stock its 21st largest holding. Towle & Co. owned about 0.41% of Liberty Energy worth $13,456,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in LBRT. CIBC Private Wealth Group LLC raised its stake in Liberty Energy by 257.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company's stock valued at $47,000 after buying an additional 1,583 shares in the last quarter. Blue Trust Inc. increased its position in shares of Liberty Energy by 604.9% during the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the company's stock worth $47,000 after purchasing an additional 2,111 shares in the last quarter. Spire Wealth Management purchased a new position in shares of Liberty Energy during the fourth quarter worth about $60,000. Smartleaf Asset Management LLC grew its holdings in shares of Liberty Energy by 176.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company's stock worth $67,000 after buying an additional 2,184 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Liberty Energy during the fourth quarter worth about $99,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LBRT shares. Cowen reiterated a "hold" rating on shares of Liberty Energy in a research report on Monday, April 21st. Royal Bank of Canada cut Liberty Energy from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $24.00 to $19.00 in a research report on Monday, March 24th. Morgan Stanley decreased their price target on Liberty Energy from $25.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Barclays reduced their target price on Liberty Energy from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, TD Cowen upped their target price on Liberty Energy from $10.00 to $13.00 and gave the company a "hold" rating in a research note on Monday, April 21st. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.55.

Liberty Energy Trading Up 0.9%

LBRT traded up $0.10 during trading on Friday, hitting $11.71. The company's stock had a trading volume of 2,553,396 shares, compared to its average volume of 2,776,455. The firm's 50 day moving average price is $12.52 and its 200-day moving average price is $16.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97. The stock has a market cap of $1.90 billion, a PE ratio of 6.26 and a beta of 0.71. Liberty Energy Inc. has a twelve month low of $9.50 and a twelve month high of $24.75.

Liberty Energy (NYSE:LBRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $977.46 million during the quarter, compared to the consensus estimate of $960.64 million. Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. During the same period in the previous year, the firm posted $0.48 EPS. On average, analysts expect that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, June 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.73%. Liberty Energy's payout ratio is 21.19%.

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.