Liberty Energy (NYSE:LBRT) Chairman William Kimble Sells 7,350 Shares

Liberty Energy Inc. (NYSE:LBRT) Chairman William Kimble sold 7,350 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $33.92, for a total value of $249,312.00. Following the transaction, the chairman directly owned 89,805 shares of the company’s stock, valued at $3,046,185.60. This trade represents a 7.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Liberty Energy Price Performance

Liberty Energy stock opened at $33.72 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.97 and a current ratio of 2.21. Liberty Energy Inc. has a 52 week low of $9.90 and a 52 week high of $34.42. The stock has a market capitalization of $5.50 billion, a P/E ratio of 37.05 and a beta of 0.56. The stock has a fifty day moving average of $29.22 and a 200-day moving average of $22.98.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.19. Liberty Energy had a return on equity of 1.41% and a net margin of 3.71%.The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $954.71 million. During the same quarter in the previous year, the firm earned $0.04 EPS. Liberty Energy’s revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts expect that Liberty Energy Inc. will post -0.19 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, June 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.1%. Liberty Energy’s payout ratio is currently 39.56%.

Institutional Investors Weigh In On Liberty Energy

A number of institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC grew its position in shares of Liberty Energy by 79.6% in the 1st quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock valued at $26,000 after buying an additional 405 shares during the last quarter. Maryland State Retirement & Pension System grew its position in shares of Liberty Energy by 2.0% in the 4th quarter. Maryland State Retirement & Pension System now owns 23,760 shares of the company’s stock valued at $439,000 after buying an additional 477 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Liberty Energy by 2.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 22,583 shares of the company’s stock valued at $417,000 after buying an additional 500 shares during the last quarter. First Horizon Corp grew its position in shares of Liberty Energy by 58.2% in the 4th quarter. First Horizon Corp now owns 1,620 shares of the company’s stock valued at $30,000 after buying an additional 596 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Liberty Energy by 1.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,085 shares of the company’s stock valued at $685,000 after buying an additional 600 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on LBRT. Citigroup boosted their price objective on Liberty Energy from $21.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. TD Cowen boosted their price objective on Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. The Goldman Sachs Group boosted their price objective on Liberty Energy from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. Morgan Stanley set a $36.00 price objective on Liberty Energy in a research report on Monday, April 27th. Finally, Stifel Nicolaus boosted their price objective on Liberty Energy from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Liberty Energy has an average rating of “Moderate Buy” and an average target price of $30.17.

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. As of as of December 31, 2023, the company owned and operated a fleet of approximately 40 active hydraulic fracturing; and two sand mines in the Permian Basin.