Liberty Energy Inc. (NYSE:LBRT - Get Free Report) Chairman William Kimble sold 7,350 shares of the company's stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $33.92, for a total value of $249,312.00. Following the completion of the sale, the chairman owned 89,805 shares in the company, valued at $3,046,185.60. This trade represents a 7.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Liberty Energy Trading Down 0.6%
NYSE LBRT opened at $33.72 on Wednesday. Liberty Energy Inc. has a 12 month low of $9.90 and a 12 month high of $34.42. The company has a current ratio of 2.21, a quick ratio of 1.97 and a debt-to-equity ratio of 0.75. The business's 50-day moving average price is $29.22 and its two-hundred day moving average price is $22.98. The firm has a market capitalization of $5.50 billion, a PE ratio of 37.05 and a beta of 0.56.
Liberty Energy (NYSE:LBRT - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.19. Liberty Energy had a return on equity of 1.41% and a net margin of 3.71%.The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $954.71 million. During the same quarter in the prior year, the company earned $0.04 EPS. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts expect that Liberty Energy Inc. will post -0.19 EPS for the current year.
Liberty Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, June 4th. This represents a $0.36 annualized dividend and a dividend yield of 1.1%. Liberty Energy's dividend payout ratio is presently 39.56%.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the company. Citigroup upped their target price on Liberty Energy from $21.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 17th. Stifel Nicolaus upped their price target on Liberty Energy from $28.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday, April 24th. Wall Street Zen raised Liberty Energy from a "sell" rating to a "hold" rating in a research note on Saturday, February 7th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $32.00 price target on shares of Liberty Energy in a research note on Friday, April 24th. Finally, Morgan Stanley set a $36.00 price target on Liberty Energy in a research note on Monday, April 27th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $30.17.
Read Our Latest Report on LBRT
Institutional Trading of Liberty Energy
Several institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp raised its stake in shares of Liberty Energy by 13,448.0% in the first quarter. Fifth Third Bancorp now owns 204,439 shares of the company's stock worth $5,888,000 after purchasing an additional 202,930 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Liberty Energy in the first quarter worth approximately $28,000. Valued Wealth Advisors LLC purchased a new stake in shares of Liberty Energy in the first quarter worth approximately $26,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Liberty Energy by 2.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 32,600 shares of the company's stock worth $939,000 after purchasing an additional 676 shares during the last quarter. Finally, Personal CFO Solutions LLC raised its stake in shares of Liberty Energy by 5.2% in the first quarter. Personal CFO Solutions LLC now owns 20,679 shares of the company's stock worth $596,000 after purchasing an additional 1,023 shares during the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.
About Liberty Energy
(
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. 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.
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