Insider Buying: Liberty Energy (NYSE:LBRT) Director Acquires $250,002.87 in Stock

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

Liberty Energy Stock Performance

NYSE LBRT opened at $18.65 on Friday. The business’s 50-day moving average price is $25.69 and its 200 day moving average price is $27.10. The company has a current ratio of 1.99, a quick ratio of 1.75 and a debt-to-equity ratio of 0.74. Liberty Energy Inc. has a twelve month low of $9.90 and a twelve month high of $34.48. The company has a market capitalization of $3.04 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 3.57 and a beta of 0.54.

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

Liberty Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a $0.09 dividend. 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 dividend payout ratio (DPR) is currently 48.65%.

Institutional Trading of Liberty Energy

Institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in 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 purchasing an additional 375 shares in the last quarter. Root Financial Partners LLC lifted its position in 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 buying an additional 405 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in Liberty Energy by 2.0% during the fourth 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 in the last quarter. Nisa Investment Advisors LLC grew its stake in Liberty Energy by 2.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 22,583 shares of the company’s stock worth $417,000 after buying an additional 500 shares during the period. Finally, First Horizon Corp grew its stake in Liberty Energy by 58.2% during the fourth quarter. First Horizon Corp now owns 1,620 shares of the company’s stock worth $30,000 after buying an additional 596 shares during the period. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. UBS Group reaffirmed a “buy” rating on shares of Liberty Energy in a research report on Friday, June 26th. Stifel Nicolaus cut 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Energy in a report on Wednesday. Royal Bank Of Canada lowered their price objective on shares of Liberty Energy from $34.00 to $29.00 and set a “sector perform” rating for the company in a research note on Friday, July 24th. Finally, Zacks Research downgraded Liberty Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.