Liberty Energy Inc. (NYSE:LBRT) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC lessened its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 0.4% during the fourth quarter, HoldingsChannel reports. The fund owned 232,883 shares of the company’s stock after selling 903 shares during the period. Apollon Wealth Management LLC’s holdings in Liberty Energy were worth $4,224,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in LBRT. CWM LLC raised its position in Liberty Energy by 30.8% during the fourth quarter. CWM LLC now owns 4,141 shares of the company’s stock worth $75,000 after acquiring an additional 975 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Liberty Energy during the 3rd quarter valued at $97,000. Spirit of America Management Corp NY purchased a new position in Liberty Energy during the fourth quarter worth $127,000. Headlands Technologies LLC acquired a new position in shares of Liberty Energy in the fourth quarter worth $174,000. Finally, Xponance Inc. acquired a new position in shares of Liberty Energy in the fourth quarter worth $182,000. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Christopher A. Wright sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $21.64, for a total transaction of $432,800.00. Following the transaction, the chief executive officer now directly owns 2,818,814 shares of the company’s stock, valued at approximately $60,999,134.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director William F. Kimble sold 12,459 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $21.55, for a total value of $268,491.45. Following the transaction, the director now owns 69,963 shares in the company, valued at $1,507,702.65. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Christopher A. Wright sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $21.64, for a total value of $432,800.00. Following the sale, the chief executive officer now owns 2,818,814 shares of the company’s stock, valued at approximately $60,999,134.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 182,459 shares of company stock worth $4,025,391. 3.70% of the stock is currently owned by corporate insiders.

Liberty Energy Trading Up 2.4 %

NYSE LBRT traded up $0.52 during mid-day trading on Monday, hitting $22.16. The company’s stock had a trading volume of 1,814,267 shares, compared to its average volume of 2,923,981. The firm has a market capitalization of $3.69 billion, a P/E ratio of 8.09, a price-to-earnings-growth ratio of 1.10 and a beta of 1.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.48 and a quick ratio of 1.16. Liberty Energy Inc. has a 52-week low of $11.62 and a 52-week high of $23.31. The stock’s fifty day simple moving average is $21.58 and its two-hundred day simple moving average is $20.00.

Liberty Energy (NYSE:LBRT) last issued its earnings results 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 business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the business posted $0.90 EPS. The business’s revenue was down 12.8% on a year-over-year basis. Research analysts expect that Liberty Energy Inc. will post 2.52 EPS for the current year.

Liberty Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Wednesday, June 5th. Liberty Energy’s payout ratio is 10.22%.

Analyst Upgrades and Downgrades

LBRT has been the topic of a number of recent research reports. Piper Sandler upped their target price on shares of Liberty Energy from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, January 26th. TD Cowen upped their price objective on shares of Liberty Energy from $19.00 to $21.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Bank of America boosted their price target on Liberty Energy from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Morgan Stanley restated an “equal weight” rating and set a $24.00 price objective on shares of Liberty Energy in a report on Monday, April 22nd. Finally, Royal Bank of Canada raised their price target on Liberty Energy from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.