Ron Gusek Sells 50,000 Shares of Liberty Energy Inc. (NYSE:LBRT) Stock

Liberty Energy Inc. (NYSE:LBRT) President Ron Gusek sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $22.99, for a total value of $1,149,500.00. Following the transaction, the president now directly owns 1,213,259 shares of the company’s stock, valued at $27,892,824.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Liberty Energy Price Performance

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

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

Liberty Energy Announces Dividend

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

Institutional Trading of Liberty Energy

Several large investors have recently added to or reduced their stakes in LBRT. CWM LLC raised its stake in Liberty Energy by 59.7% during the 3rd quarter. CWM LLC now owns 3,166 shares of the company’s stock valued at $59,000 after purchasing an additional 1,183 shares during the period. Maryland State Retirement & Pension System acquired a new stake in Liberty Energy during the 3rd quarter valued at $1,058,000. Dakota Wealth Management acquired a new stake in Liberty Energy during the 3rd quarter valued at $223,000. Raymond James & Associates raised its stake in Liberty Energy by 3.1% during the 3rd quarter. Raymond James & Associates now owns 65,178 shares of the company’s stock valued at $1,207,000 after purchasing an additional 1,943 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Liberty Energy by 53.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,244,480 shares of the company’s stock valued at $41,568,000 after purchasing an additional 778,111 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Royal Bank of Canada upped their target price on Liberty Energy from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, April 19th. Barclays increased their price objective on Liberty Energy from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Wells Fargo & Company increased their price objective on Liberty Energy from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Piper Sandler increased their price objective on Liberty Energy from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Finally, Bank of America increased their price objective on Liberty Energy from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Liberty Energy presently has an average rating of “Moderate Buy” and a consensus target price of $24.30.

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.