Liberty Energy (NYSE:LBRT) CAO Acquires $45,000.00 in Stock

Liberty Energy Inc. (NYSE:LBRT) CAO Ryan Gosney purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were purchased at an average price of $15.00 per share, for a total transaction of $45,000.00. Following the transaction, the chief accounting officer owned 236,327 shares of the company’s stock, valued at $3,544,905. This trade represents a 1.29% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Liberty Energy Trading Up 5.0%

Shares of Liberty Energy stock opened at $11.91 on Friday. The firm has a 50-day simple moving average of $18.12 and a two-hundred day simple moving average of $24.43. The company has a market cap of $1.94 billion, a P/E ratio of 49.64, a price-to-earnings-growth ratio of 2.78 and a beta of 0.72. Liberty Energy Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $34.48. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.09 and a current ratio of 1.30.

Liberty Energy (NYSE:LBRT) last posted its earnings results on Wednesday, October 21st. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. Liberty Energy had a return on equity of 2.13% and a net margin of 0.91%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the firm earned ($0.06) EPS. The company’s quarterly revenue was up 26.3% on a year-over-year basis. As a group, equities analysts predict that Liberty Energy Inc. will post 0.21 earnings per share for the current fiscal year.

Liberty Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a dividend of $0.10 per share. This is an increase from Liberty Energy’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, December 4th. Liberty Energy’s dividend payout ratio (DPR) is currently 150.00%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group reduced their target price on Liberty Energy from $31.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Stifel Nicolaus dropped their price target on shares of Liberty Energy from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. The Goldman Sachs Group set a $23.00 price target on shares of Liberty Energy in a report on Friday, August 7th. Weiss Ratings lowered shares of Liberty Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Finally, Zacks Research cut shares of Liberty Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.42.

Hedge Funds Weigh In On Liberty Energy

Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in shares of Liberty Energy by 5.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,855 shares of the company’s stock worth $226,000 after acquiring an additional 375 shares in the last quarter. Root Financial Partners LLC grew its holdings 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 worth $26,000 after acquiring an additional 405 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in Liberty Energy by 2.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 32,600 shares of the company’s stock valued at $939,000 after purchasing an additional 676 shares in the last quarter. Amova Asset Management Americas Inc. increased its stake in Liberty Energy by 2.1% in the 1st quarter. Amova Asset Management Americas Inc. now owns 32,600 shares of the company’s stock valued at $939,000 after purchasing an additional 676 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Liberty Energy by 5.8% during the first quarter. SG Americas Securities LLC now owns 12,483 shares of the company’s stock worth $360,000 after purchasing an additional 687 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Liberty Energy Company Profile

Liberty Energy Inc is an oilfield services company that provides completion and production services to exploration and production companies. Its primary business is hydraulic fracturing, a well-stimulation technique used to improve the flow of oil and natural gas from unconventional reservoirs.

The company also offers wireline services, well diagnostics, frac data analysis, engineering support, and related technologies designed to help customers plan, execute, and evaluate well-completion operations.