Liberty Energy (NYSE:LBRT) Insider R Sean Elliott Sells 25,000 Shares of Stock

Liberty Energy Inc. (NYSE:LBRT) insider R Sean Elliott sold 25,000 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $25.40, for a total transaction of $635,000.00. Following the sale, the insider owned 343,150 shares of the company’s stock, valued at $8,716,010. This trade represents a 6.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Liberty Energy Price Performance

Liberty Energy stock opened at $25.23 on Tuesday. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 28.35 and a beta of 0.49. The firm’s fifty day moving average price is $20.31 and its two-hundred day moving average price is $15.88. Liberty Energy Inc. has a 1-year low of $9.50 and a 1-year high of $27.21. The company has a current ratio of 1.22, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22.

Liberty Energy (NYSE:LBRT) last posted its earnings results on Wednesday, January 28th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.21. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $880.59 million. Liberty Energy had a net margin of 3.69% and a return on equity of 1.24%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. On average, equities research analysts predict that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.36 annualized dividend and a yield of 1.4%. Liberty Energy’s dividend payout ratio is 40.45%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. First Horizon Corp lifted its stake in Liberty Energy by 58.2% in the fourth quarter. First Horizon Corp now owns 1,620 shares of the company’s stock valued at $30,000 after purchasing an additional 596 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Liberty Energy during the 4th quarter valued at $32,000. Kelleher Financial Advisors bought a new position in shares of Liberty Energy during the 3rd quarter worth $29,000. Wellington Shields Capital Management LLC bought a new position in shares of Liberty Energy during the 2nd quarter worth $29,000. Finally, Advisory Services Network LLC purchased a new stake in Liberty Energy in the 3rd quarter worth about $35,000. 98.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LBRT shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $26.00 price objective on shares of Liberty Energy in a report on Wednesday, February 4th. Piper Sandler upgraded shares of Liberty Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $17.00 to $32.00 in a report on Monday, February 2nd. Zacks Research upgraded shares of Liberty Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 15th. Wall Street Zen raised shares of Liberty Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Liberty Energy in a research note on Thursday, January 15th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Liberty Energy has an average rating of “Hold” and an average price target of $24.64.

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. As of as of December 31, 2023, the company owned and operated a fleet of approximately 40 active hydraulic fracturing; and two sand mines in the Permian Basin.