R Sean Elliott Sells 20,000 Shares of Liberty Energy Inc. (NYSE:LBRT) Stock

Liberty Energy Inc. (NYSE:LBRT) insider R Sean Elliott sold 20,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $23.10, for a total transaction of $462,000.00. Following the transaction, the insider now owns 259,108 shares in the company, valued at approximately $5,985,394.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Liberty Energy Trading Down 4.3 %

NYSE:LBRT opened at $21.05 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.48 and a quick ratio of 1.16. The firm has a 50-day moving average of $21.53 and a 200-day moving average of $19.96. The company has a market cap of $3.51 billion, a PE ratio of 7.68, a PEG ratio of 1.17 and a beta of 1.85. Liberty Energy Inc. has a one year low of $11.62 and a one year high of $23.31.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Thursday, April 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Wednesday, June 5th. Liberty Energy’s payout ratio is 10.22%.

Institutional Investors Weigh In On Liberty Energy

A number of institutional investors have recently added to or reduced their stakes in LBRT. EdgeRock Capital LLC bought a new stake in Liberty Energy in the 4th quarter worth about $27,000. Principal Securities Inc. bought a new position in shares of Liberty Energy during the 4th quarter valued at approximately $39,000. Quadrant Capital Group LLC grew its position in shares of Liberty Energy by 70.8% during the 4th quarter. Quadrant Capital Group LLC now owns 2,909 shares of the company’s stock valued at $53,000 after acquiring an additional 1,206 shares during the period. CWM LLC grew its position in shares of Liberty Energy by 59.7% during the 3rd quarter. CWM LLC now owns 3,166 shares of the company’s stock valued at $59,000 after acquiring an additional 1,183 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Liberty Energy by 27.7% during 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 during the period. 98.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

LBRT has been the topic of several research reports. Morgan Stanley reiterated an “equal weight” rating and set a $24.00 price objective on shares of Liberty Energy in a report on Monday, April 22nd. Royal Bank of Canada upped their price objective on shares of Liberty Energy from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, April 19th. Wells Fargo & Company upped their price objective on shares of Liberty Energy from $24.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Barclays boosted their target price on shares of Liberty Energy from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, Piper Sandler boosted their target price on shares of Liberty Energy from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Liberty Energy has an average rating of “Moderate Buy” and a consensus target price of $24.30.

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.