R Sean Elliott sells 20,000 shares of Liberty Energy Inc. (NYSE:LBRT)

Liberty Energy Inc. (NYSE:LBRT – Get a Free Report) insider R Sean Elliott sold 20,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares 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 filing with the Securities & Exchange Commission, which is available on the SEC’s website.

Liberty Energy is trading 4.3% lower

NYSE:LBRT opened at $21.05 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.48 and a quick ratio of 1.16. The company has a 50-day moving average of $21.53 and a 200-day moving average of $19.96. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 1.17, and a beta of 1.85. Liberty Energy Inc. has a one-year low of $11.62 and a one-year high of $23.31.

Liberty Energy (NYSE:LBRT – Get Free Report) last posted its quarterly earnings data on Thursday, April 18. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by ($0.06). Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the company posted earnings per share of $0.90. The company’s revenue for the quarter fell 12.8% year over year. As a group, equity analysts expect Liberty Energy Inc. will record a profit per share of 2.52 for the current financial year.

Dividend announcement from Liberty Energy

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20. Shareholders of record on Thursday, June 6, will receive a dividend of $0.07. This represents a dividend of $0.28 annually and a yield of 1.33%. The ex-dividend date is Wednesday, June 5. Liberty Energy’s payout ratio is 10.22%.

Institutional investors weigh in on Liberty Energy

A number of institutional investors have recently increased or decreased their stakes in LBRT. EdgeRock Capital LLC bought a new stake in Liberty Energy in the fourth quarter valued at approximately $27,000. Principal Securities Inc. bought a new position in Liberty Energy stock during the fourth quarter worth approximately $39,000. Quadrant Capital Group LLC grew its position in shares of Liberty Energy by 70.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,909 shares of the company’s stock valued at $53,000 after acquiring an additional 1,206 shares during the period. CWM LLC grew its position in shares of Liberty Energy by 59.7% during the third quarter. CWM LLC now owns 3,166 shares of the company’s stock valued at $59,000 after acquiring an additional 1,183 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Liberty Energy shares 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 acquiring an additional 709 shares during the period. 98.22% of the shares are held by institutional investors.

Changes in analyst ratings

LBRT has been the subject of several research reports. Morgan Stanley reiterated an “equalweight” rating and set a $24.00 price objective on shares of Liberty Energy in a report on Monday, April 22. Royal Bank of Canada raised their target price on shares of Liberty Energy from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, April 19. Wells Fargo & Company lifted their price objective on shares of Liberty Energy from $24.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, April 19. Barclays raised their price target on shares of Liberty Energy from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, April 19. Finally, Piper Sandler raised the Liberty Energy share price from $27.00 to $28.00 in a research report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Liberty Energy has an average rating of “Moderate Buy” and a consensus target price of $24.30.

Check out our latest research report on LBRT

Liberty Energy Company Profile

(Get a free report)

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 fracking services, including ancillary services such as wireline services, proppant supply solutions, field gas processing and handling, compressed natural gas (CNG) supply, data analytics, related goods including sand mining operations and technologies; and fueling and logistics of well locations.

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