Liberty Energy Inc. (NYSE:LBRT) Announces $0.08 Quarterly Dividend

Liberty Energy Inc. (NYSE:LBRT) declared a quarterly dividend on Wednesday, January 22nd,RTT News reports. Shareholders of record on Thursday, March 6th will be given a dividend of 0.08 per share on Thursday, March 20th. This represents a $0.32 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, March 6th.

Liberty Energy has a dividend payout ratio of 20.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Liberty Energy to earn $0.98 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 32.7%.

Liberty Energy Trading Up 2.5 %

Shares of LBRT stock opened at $22.72 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 10.82 and a beta of 1.66. Liberty Energy has a 12-month low of $16.57 and a 12-month high of $24.75. The stock’s 50-day moving average price is $19.46 and its 200-day moving average price is $19.78.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LBRT. Evercore ISI raised Liberty Energy to a “strong-buy” rating in a research note on Thursday, October 17th. Atb Cap Markets raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Citigroup lifted their price objective on shares of Liberty Energy from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Royal Bank of Canada reduced their target price on shares of Liberty Energy from $26.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, October 18th. Finally, Wells Fargo & Company lowered their price target on shares of Liberty Energy from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, October 18th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.20.

Insider Buying and Selling

In other Liberty Energy news, CFO Michael Stock sold 20,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $20.82, for a total value of $416,400.00. Following the sale, the chief financial officer now owns 680,207 shares in the company, valued at $14,161,909.74. This trade represents a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher A. Wright sold 2,037 shares of Liberty Energy stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $18.15, for a total value of $36,971.55. Following the sale, the chief executive officer now owns 2,578,813 shares of the company’s stock, valued at approximately $46,805,455.95. This trade represents a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,973 shares of company stock valued at $1,586,335 in the last ninety days. 3.60% of the stock is owned by company insiders.

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.