Liberty Energy Inc. (NYSE:LBRT - Get Free Report) CFO Michael Stock sold 20,000 shares of the company's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $20.87, for a total transaction of $417,400.00. Following the completion of the sale, the chief financial officer now directly owns 806,056 shares of the company's stock, valued at $16,822,388.72. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Liberty Energy Stock Up 4.6 %
LBRT opened at $22.66 on Thursday. The company has a 50 day moving average of $20.63 and a 200 day moving average of $19.34. The company has a market cap of $3.78 billion, a PE ratio of 7.17, a price-to-earnings-growth ratio of 1.03 and a beta of 1.85. Liberty Energy Inc. has a 12 month low of $11.62 and a 12 month high of $22.74. The company has a current ratio of 1.49, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15.
Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.03). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. Liberty Energy had a return on equity of 32.28% and a net margin of 11.72%. The firm's quarterly revenue was down 12.3% on a year-over-year basis. During the same period last year, the business posted $0.82 earnings per share. On average, sell-side analysts expect that Liberty Energy Inc. will post 2.69 EPS for the current year.
Liberty Energy Dividend Announcement
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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.24%. The ex-dividend date was Tuesday, March 5th. Liberty Energy's dividend payout ratio (DPR) is presently 8.86%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. boosted its holdings in Liberty Energy by 12.4% in the 3rd quarter. American Century Companies Inc. now owns 2,241,076 shares of the company's stock worth $41,505,000 after buying an additional 247,074 shares during the period. Public Sector Pension Investment Board bought a new position in Liberty Energy in the 3rd quarter valued at $3,549,000. Envestnet Asset Management Inc. boosted its holdings in Liberty Energy by 37.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 237,090 shares of the company's stock valued at $4,391,000 after purchasing an additional 65,062 shares during the period. Gendell Jeffrey L boosted its holdings in Liberty Energy by 27.4% in the 3rd quarter. Gendell Jeffrey L now owns 891,452 shares of the company's stock valued at $16,510,000 after purchasing an additional 191,452 shares during the period. Finally, Invesco Ltd. boosted its holdings in Liberty Energy by 455.5% in the 3rd quarter. Invesco Ltd. now owns 1,536,812 shares of the company's stock valued at $28,462,000 after purchasing an additional 1,260,142 shares during the period. 98.22% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on LBRT shares. Citigroup reduced their price objective on shares of Liberty Energy from $22.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, December 14th. Morgan Stanley upped their price objective on shares of Liberty Energy from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Monday, January 29th. Wells Fargo & Company reduced their price objective on shares of Liberty Energy from $25.00 to $24.00 and set an "overweight" rating for the company in a research report on Thursday, December 21st. Finally, Piper Sandler upped their price objective 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.75.
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About Liberty Energy
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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.
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