Liberty Energy Inc. (NYSE:LBRT) CEO Christopher A. Wright Sells 20,000 Shares

Liberty Energy Inc. (NYSE:LBRT) CEO Christopher A. Wright sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $21.64, for a total value of $432,800.00. Following the completion of the sale, the chief executive officer now owns 2,818,814 shares of the company’s stock, valued at approximately $60,999,134.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Liberty Energy Price Performance

Shares of LBRT stock opened at $21.64 on Monday. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 1.10 and a beta of 1.83. The business’s fifty day moving average is $21.55 and its 200 day moving average is $19.99. Liberty Energy Inc. has a twelve month low of $11.62 and a twelve month high of $23.31. The company has a quick ratio of 1.16, a current ratio of 1.48 and a debt-to-equity ratio of 0.17.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings results on Thursday, April 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. Liberty Energy’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 earnings per share. Research analysts expect that Liberty Energy Inc. will post 2.52 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $0.28 annualized dividend and a yield of 1.29%. Liberty Energy’s payout ratio is 10.22%.

Institutional Investors Weigh In On Liberty Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Diversified Trust Co boosted its holdings in Liberty Energy by 2.5% in the first quarter. Diversified Trust Co now owns 20,617 shares of the company’s stock worth $427,000 after acquiring an additional 507 shares in the last quarter. Perigon Wealth Management LLC boosted its holdings in Liberty Energy by 2.4% in the first quarter. Perigon Wealth Management LLC now owns 24,815 shares of the company’s stock worth $514,000 after acquiring an additional 571 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Liberty Energy by 3.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 17,902 shares of the company’s stock worth $325,000 after acquiring an additional 621 shares in the last quarter. Advisor Partners II LLC boosted its holdings in Liberty Energy by 3.8% in the third quarter. Advisor Partners II LLC now owns 18,974 shares of the company’s stock worth $351,000 after acquiring an additional 689 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Liberty Energy by 27.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company’s stock worth $59,000 after acquiring an additional 709 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wells Fargo & Company boosted their price objective on Liberty Energy from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Barclays boosted their price objective on Liberty Energy from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Bank of America boosted their target price on Liberty Energy from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Royal Bank of Canada boosted their target price on Liberty Energy from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. Finally, TD Cowen boosted their target price on Liberty Energy from $19.00 to $21.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.30.

About Liberty Energy

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.