Michael Stock Sells 5,000 Shares of Liberty Energy Inc. (NYSE:LBRT) Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 5,000 shares of Liberty Energy stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $17.21, for a total value of $86,050.00. Following the completion of the sale, the chief financial officer now owns 725,207 shares of the company’s stock, valued at $12,480,812.47. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Michael Stock also recently made the following trade(s):

• On Tuesday, October 1st, Michael Stock sold 15,000 shares of Liberty Energy stock. The shares were sold at an average price of $19.23, for a total transaction of $288,450.00.
• On Wednesday, September 18th, Michael Stock sold 5,000 shares of Liberty Energy stock. The stock was sold at an average price of $21.01, for a total transaction of $105,050.00.
• On Tuesday, September 3rd, Michael Stock sold 15,000 shares of Liberty Energy stock. The stock was sold at an average price of $20.01, for a total value of $300,150.00.

Liberty Energy Stock Up 2.2 %

Shares of Liberty Energy stock opened at $17.46 on Wednesday. Liberty Energy Inc. has a 1-year low of $16.57 and a 1-year high of $24.75. The company has a market capitalization of $2.85 billion, a PE ratio of 8.31 and a beta of 1.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.97. The business has a 50-day moving average of $19.28 and a 200-day moving average of $20.89.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings results on Wednesday, October 16th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 EPS. As a group, equities analysts forecast that Liberty Energy Inc. will post 1.75 EPS for the current fiscal year.

Liberty Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.08 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.32 annualized dividend and a dividend yield of 1.83%. This is an increase from Liberty Energy’s previous quarterly dividend of $0.07. Liberty Energy’s payout ratio is presently 15.24%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LBRT. Bank of America lowered their price target on Liberty Energy from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. Citigroup downgraded shares of Liberty Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $25.00 to $19.00 in a research report on Friday, October 18th. Barclays reduced their price target on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. TD Cowen cut their target price on shares of Liberty Energy from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. Finally, Evercore ISI raised shares of Liberty Energy to a “strong-buy” rating in a research report on Thursday, October 17th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $22.89.

Institutional Investors Weigh In On Liberty Energy

A number of institutional investors have recently modified their holdings of LBRT. Victory Capital Management Inc. increased its holdings in Liberty Energy by 1.0% in the third quarter. Victory Capital Management Inc. now owns 620,933 shares of the company’s stock valued at $11,854,000 after buying an additional 6,278 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Liberty Energy in the 3rd quarter worth approximately $619,000. Entropy Technologies LP increased its holdings in shares of Liberty Energy by 39.7% in the 3rd quarter. Entropy Technologies LP now owns 77,800 shares of the company’s stock valued at $1,485,000 after acquiring an additional 22,090 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Liberty Energy by 20.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 94,953 shares of the company’s stock valued at $1,813,000 after acquiring an additional 15,810 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Liberty Energy by 96.8% during the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock worth $33,000 after purchasing an additional 838 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

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.