Liberty Energy Inc. (NYSE:LBRT) CEO Sells $209,280.00 in Stock

Liberty Energy Inc. (NYSE:LBRT) CEO Christopher A. Wright sold 12,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $17.44, for a total value of $209,280.00. Following the transaction, the chief executive officer now directly owns 2,606,813 shares of the company’s stock, valued at $45,462,818.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Liberty Energy Trading Down 5.6 %

Shares of NYSE LBRT traded down $1.07 during trading on Thursday, hitting $17.93. 2,471,611 shares of the company traded hands, compared to its average volume of 2,509,654. The firm has a market capitalization of $2.93 billion, a P/E ratio of 8.75 and a beta of 1.70. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $19.25 and a 200-day moving average price of $20.88. Liberty Energy Inc. has a 1 year low of $16.57 and a 1 year high of $24.75.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings results on Wednesday, October 16th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.10). The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%. The business’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 earnings per share. On average, equities analysts predict that Liberty Energy Inc. will post 1.75 EPS for the current year.

Liberty Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.78%. This is a boost from Liberty Energy’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, December 6th. Liberty Energy’s payout ratio is 13.33%.

Institutional Investors Weigh In On Liberty Energy

Several large investors have recently made changes to their positions in LBRT. EdgeRock Capital LLC acquired a new position in shares of Liberty Energy during the 2nd quarter valued at $32,000. Covestor Ltd raised its position in Liberty Energy by 96.8% in the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after purchasing an additional 838 shares during the period. GAMMA Investing LLC lifted its stake in shares of Liberty Energy by 69.2% during the second quarter. GAMMA Investing LLC now owns 1,743 shares of the company’s stock worth $36,000 after purchasing an additional 713 shares in the last quarter. nVerses Capital LLC boosted its position in shares of Liberty Energy by 45.0% in the second quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock worth $61,000 after buying an additional 900 shares during the period. Finally, US Bancorp DE grew its stake in shares of Liberty Energy by 93.2% in the third quarter. US Bancorp DE now owns 4,180 shares of the company’s stock valued at $80,000 after buying an additional 2,016 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

LBRT has been the topic of a number of analyst reports. TD Cowen decreased their price objective on Liberty Energy from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. Royal Bank of Canada decreased their price target on shares of Liberty Energy from $26.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. Stifel Nicolaus cut their price objective on shares of Liberty Energy from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Wells Fargo & Company decreased 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 Friday, October 18th. Finally, Atb Cap Markets downgraded Liberty Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.89.

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.