Christopher A. Wright Sells 1,932 Shares of Liberty Energy Inc. (NYSE:LBRT) Stock

Liberty Energy Inc. (NYSE:LBRT) CEO Christopher A. Wright sold 1,932 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $18.00, for a total value of $34,776.00. Following the completion of the sale, the chief executive officer now owns 3,033,649 shares of the company’s stock, valued at approximately $54,605,682. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Liberty Energy Stock Down 0.2 %

Shares of Liberty Energy stock traded down $0.03 on Monday, reaching $17.73. The company’s stock had a trading volume of 2,896,940 shares, compared to its average volume of 2,927,582. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 5.26 and a beta of 2.13. The firm’s fifty day simple moving average is $15.93 and its two-hundred day simple moving average is $14.21. Liberty Energy Inc. has a 52 week low of $11.18 and a 52 week high of $18.35. The company has a quick ratio of 1.17, a current ratio of 1.44 and a debt-to-equity ratio of 0.19.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Thursday, July 20th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.03). Liberty Energy had a return on equity of 39.89% and a net margin of 12.63%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the firm earned $0.55 EPS. The business’s revenue was up 27.3% on a year-over-year basis. Equities analysts anticipate that Liberty Energy Inc. will post 3.09 earnings per share for the current year.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Tuesday, September 5th. Liberty Energy’s payout ratio is currently 5.93%.

Institutional Trading of Liberty Energy

Several large investors have recently modified their holdings of the company. Rhumbline Advisers grew its holdings in shares of Liberty Energy by 0.7% in the first quarter. Rhumbline Advisers now owns 121,187 shares of the company’s stock worth $1,796,000 after acquiring an additional 863 shares during the period. HighTower Advisors LLC grew its holdings in Liberty Energy by 5.7% during the fourth quarter. HighTower Advisors LLC now owns 16,857 shares of the company’s stock valued at $271,000 after purchasing an additional 915 shares during the period. US Bancorp DE grew its holdings in Liberty Energy by 67.0% during the first quarter. US Bancorp DE now owns 2,300 shares of the company’s stock valued at $29,000 after purchasing an additional 923 shares during the period. CWM LLC grew its holdings in Liberty Energy by 172.0% during the second quarter. CWM LLC now owns 1,983 shares of the company’s stock valued at $27,000 after purchasing an additional 1,254 shares during the period. Finally, Arizona State Retirement System grew its holdings in Liberty Energy by 3.8% during the fourth quarter. Arizona State Retirement System now owns 36,909 shares of the company’s stock valued at $591,000 after purchasing an additional 1,366 shares during the period. Institutional investors own 91.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Barclays lowered their target price on Liberty Energy from $25.00 to $22.00 in a research note on Thursday, June 8th. Morgan Stanley reiterated an “equal weight” rating and set a $18.00 price objective on shares of Liberty Energy in a research note on Monday, July 24th. Citigroup lifted their price objective on Liberty Energy from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, July 18th. Wells Fargo & Company lowered their price objective on Liberty Energy from $24.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, June 30th. Finally, Stifel Nicolaus lowered their price objective on Liberty Energy from $28.00 to $26.00 in a research note on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.45.

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, data analytics, related goods, and technologies; and other services comprising design and pump diagnostic fracture injection test, DFIT and mini-frac analysis, and laboratory services, such as fluid rheology, surfactant, clay control, scaling and biocide testing.