Arjun Murti Buys 14,053 Shares of Liberty Energy (NYSE:LBRT) Stock

Liberty Energy Inc. (NYSE:LBRT) Director Arjun Murti purchased 14,053 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were bought at an average price of $17.79 per share, for a total transaction of $250,002.87. Following the completion of the transaction, the director directly owned 41,621 shares in the company, valued at approximately $740,437.59. This trade represents a 50.98% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Liberty Energy Trading Up 3.9%

Shares of NYSE LBRT opened at $18.65 on Friday. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 3.42 and a beta of 0.54. Liberty Energy Inc. has a 12-month low of $9.90 and a 12-month high of $34.48. The company has a current ratio of 1.99, a quick ratio of 1.75 and a debt-to-equity ratio of 0.74. The stock’s 50 day simple moving average is $25.69 and its 200 day simple moving average is $27.10.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.09 billion. Liberty Energy had a return on equity of 1.14% and a net margin of 2.92%.The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS. Equities research analysts expect that Liberty Energy Inc. will post 0.25 EPS for the current year.

Liberty Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.36 annualized dividend and a dividend yield of 1.9%. Liberty Energy’s payout ratio is 48.65%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Root Financial Partners LLC raised its stake in shares of Liberty Energy by 79.6% during the first quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock valued at $26,000 after purchasing an additional 405 shares in the last quarter. Valued Wealth Advisors LLC bought a new position in Liberty Energy in the 1st quarter valued at about $26,000. Summit Securities Group LLC bought a new position in Liberty Energy in the 1st quarter valued at about $28,000. Los Angeles Capital Management LLC acquired a new position in Liberty Energy during the 4th quarter valued at about $29,000. Finally, Kelleher Financial Advisors acquired a new position in Liberty Energy during the 3rd quarter valued at about $29,000. 98.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LBRT has been the topic of a number of analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $31.00 price objective on shares of Liberty Energy in a report on Wednesday, June 3rd. Piper Sandler reduced their target price on shares of Liberty Energy from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Zacks Research cut shares of Liberty Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Energy in a research note on Wednesday. Finally, Royal Bank Of Canada dropped their price target on shares of Liberty Energy from $34.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Friday, July 24th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Liberty Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.09.

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.