Christopher A. Wright Sells 20,000 Shares of Liberty Energy Inc. (NYSE:LBRT) Stock

Liberty Energy Inc. (NYSE:LBRT) CEO Christopher A. Wright sold 20,000 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $20.26, for a total value of $405,200.00. Following the completion of the sale, the chief executive officer now owns 2,758,813 shares in the company, valued at approximately $55,893,551.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Liberty Energy Stock Performance

LBRT traded up $0.63 during trading on Wednesday, hitting $20.89. The stock had a trading volume of 1,631,557 shares, compared to its average volume of 2,716,257. The firm has a market cap of $3.48 billion, a PE ratio of 7.63, a P/E/G ratio of 1.06 and a beta of 1.74. Liberty Energy Inc. has a 12 month low of $13.36 and a 12 month high of $24.75. The company has a current ratio of 1.48, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17. The company has a 50 day simple moving average of $22.25 and a 200-day simple moving average of $20.83.

Liberty Energy (NYSE:LBRT) last announced its earnings results on Thursday, April 18th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. The business’s revenue was down 12.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.90 EPS. Analysts expect that Liberty Energy Inc. will post 2.43 EPS for the current year.

Liberty Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.28 annualized dividend and a dividend yield of 1.34%. Liberty Energy’s payout ratio is 10.22%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Diversified Trust Co boosted its position in shares of Liberty Energy by 2.5% during the 1st quarter. Diversified Trust Co now owns 20,617 shares of the company’s stock valued at $427,000 after acquiring an additional 507 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Liberty Energy by 4.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 14,262 shares of the company’s stock worth $296,000 after acquiring an additional 543 shares during the period. Perigon Wealth Management LLC raised its holdings in shares of Liberty Energy by 2.4% during the first quarter. Perigon Wealth Management LLC now owns 24,815 shares of the company’s stock worth $514,000 after acquiring an additional 571 shares during the period. Sequoia Financial Advisors LLC grew its position in Liberty Energy by 3.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 17,902 shares of the company’s stock valued at $325,000 after purchasing an additional 621 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Liberty Energy by 27.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company’s stock valued at $59,000 after purchasing an additional 709 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on LBRT. Citigroup raised Liberty Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $24.00 to $32.00 in a report on Wednesday, May 29th. Barclays lifted their target price on Liberty Energy from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Royal Bank of Canada boosted their price target on Liberty Energy from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. TD Cowen boosted their target price on Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Finally, Wells Fargo & Company upped their target price on Liberty Energy from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

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.