R Sean Elliott Sells 20,000 Shares of Liberty Energy Inc. (NYSE:LBRT) Stock

Liberty Energy Inc. (NYSE:LBRT) insider R Sean Elliott sold 20,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $23.10, for a total transaction of $462,000.00. Following the transaction, the insider now owns 259,108 shares in the company, valued at approximately $5,985,394.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Liberty Energy Stock Down 4.3 %

Shares of Liberty Energy stock opened at $21.05 on Thursday. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 7.68, a price-to-earnings-growth ratio of 1.17 and a beta of 1.85. The company’s 50 day moving average is $21.53 and its 200 day moving average is $19.96. Liberty Energy Inc. has a twelve month low of $11.62 and a twelve month high of $23.31. The company has a quick ratio of 1.16, a current ratio of 1.48 and a debt-to-equity ratio of 0.17.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Thursday, April 18th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Liberty Energy had a net margin of 10.43% and a return on equity of 26.46%. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter last year, the company earned $0.90 EPS. Research analysts anticipate that Liberty Energy Inc. will post 2.52 EPS for the current year.

Liberty Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.28 dividend on an annualized basis and a yield of 1.33%. Liberty Energy’s dividend payout ratio (DPR) is 10.22%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capstone Investment Advisors LLC bought a new position in Liberty Energy during the first quarter valued at approximately $329,000. Janney Montgomery Scott LLC increased its holdings in Liberty Energy by 5.6% during the first quarter. Janney Montgomery Scott LLC now owns 17,555 shares of the company’s stock valued at $364,000 after buying an additional 931 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Liberty Energy by 140.3% during the first quarter. BNP Paribas Financial Markets now owns 136,524 shares of the company’s stock valued at $2,829,000 after buying an additional 79,709 shares during the last quarter. Perigon Wealth Management LLC increased its holdings in Liberty Energy by 2.4% during the first quarter. Perigon Wealth Management LLC now owns 24,815 shares of the company’s stock valued at $514,000 after buying an additional 571 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Liberty Energy by 7.8% during the first quarter. Principal Financial Group Inc. now owns 863,232 shares of the company’s stock valued at $17,886,000 after buying an additional 62,198 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.

Analysts Set New Price Targets

LBRT has been the topic of several research reports. Morgan Stanley reissued an “equal weight” rating and set a $24.00 price objective on shares of Liberty Energy in a research note on Monday, April 22nd. Wells Fargo & Company boosted their price objective on shares of Liberty Energy from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. TD Cowen boosted their price objective on shares of Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Barclays boosted their price objective on shares of Liberty Energy from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, Royal Bank of Canada upped their target price on shares of Liberty Energy from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $24.30.

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.