Christopher A. Wright Sells 12,000 Shares of Liberty Energy Inc. (NYSE:LBRT) Stock

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

Liberty Energy Price Performance

LBRT opened at $17.68 on Friday. The firm’s fifty day moving average price is $19.14 and its two-hundred day moving average price is $20.82. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 8.42 and a beta of 1.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.97. Liberty Energy Inc. has a 1 year low of $16.57 and a 1 year high of $24.75.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. As a group, analysts anticipate that Liberty Energy Inc. will post 1.75 earnings per share for the current fiscal year.

Liberty Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors 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 dividend yield of 1.81%. This is an increase from Liberty Energy’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, December 6th. Liberty Energy’s dividend payout ratio (DPR) is presently 13.33%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LBRT shares. Citigroup lowered shares of Liberty Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $19.00 in a report on Friday, October 18th. Royal Bank of Canada cut their price target on Liberty Energy from $26.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, October 18th. Evercore ISI upgraded Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. Barclays cut their target price on Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, Bank of America decreased their price target on shares of Liberty Energy from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Liberty Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.89.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. EdgeRock Capital LLC bought a new stake in shares of Liberty Energy during the 2nd quarter worth $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 worth $33,000 after acquiring an additional 838 shares during the period. GAMMA Investing LLC boosted its stake in Liberty Energy by 69.2% in the second quarter. GAMMA Investing LLC now owns 1,743 shares of the company’s stock valued at $36,000 after acquiring an additional 713 shares during the last quarter. nVerses Capital LLC grew its position in shares of Liberty Energy by 45.0% during the 2nd quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock valued at $61,000 after acquiring an additional 900 shares during the period. Finally, US Bancorp DE increased its stake in shares of Liberty Energy by 93.2% during the 3rd quarter. US Bancorp DE now owns 4,180 shares of the company’s stock worth $80,000 after purchasing an additional 2,016 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

About Liberty Energy

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.