Liberty Energy Inc. (NYSE:LBRT - Get Free Report) CEO Christopher A. Wright sold 20,000 shares of the business's stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $22.66, for a total value of $453,200.00. Following the transaction, the chief executive officer now directly owns 2,858,814 shares of the company's stock, valued at $64,780,725.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Liberty Energy Stock Down 0.3 %
LBRT opened at $22.60 on Friday. The firm has a market cap of $3.77 billion, a P/E ratio of 7.15, a PEG ratio of 1.08 and a beta of 1.85. The company has a quick ratio of 1.17, a current ratio of 1.49 and a debt-to-equity ratio of 0.15. The business's fifty day simple moving average is $20.69 and its 200 day simple moving average is $19.37. Liberty Energy Inc. has a 52 week low of $11.62 and a 52 week high of $23.09.
Liberty Energy (NYSE:LBRT - Get Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.03). Liberty Energy had a net margin of 11.72% and a return on equity of 32.28%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm posted $0.82 earnings per share. The company's revenue was down 12.3% on a year-over-year basis. As a group, equities research analysts anticipate that Liberty Energy Inc. will post 2.69 EPS for the current fiscal year.
Liberty Energy Announces Dividend
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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.28 annualized dividend and a dividend yield of 1.24%. Liberty Energy's dividend payout ratio is presently 8.86%.
Institutional Trading of Liberty Energy
A number of institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in shares of Liberty Energy by 27.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company's stock worth $59,000 after purchasing an additional 709 shares during the period. Hennessy Advisors Inc. acquired a new stake in Liberty Energy during the 4th quarter worth approximately $21,278,000. Teachers Retirement System of The State of Kentucky raised its holdings in Liberty Energy by 24.5% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 49,800 shares of the company's stock valued at $903,000 after buying an additional 9,800 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Liberty Energy by 23.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,595 shares of the company's stock valued at $374,000 after buying an additional 3,864 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC purchased a new stake in Liberty Energy during the fourth quarter worth approximately $398,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. Piper Sandler boosted their price target on shares of Liberty Energy from $27.00 to $28.00 and gave the company an "overweight" rating in a research report on Friday, January 26th. Morgan Stanley boosted their target price 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. Citigroup cut their price target on shares of Liberty Energy from $22.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday, December 14th. Finally, Wells Fargo & Company lowered their target price on shares of Liberty Energy from $25.00 to $24.00 and set an "overweight" rating on the stock in a research report on Thursday, December 21st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.75.
Read Our Latest Report on LBRT
Liberty Energy Company Profile
(
Get Free Report)
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.
Further Reading
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