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 the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $21.01, for a total transaction of $105,050.00. Following the sale, the chief financial officer now owns 745,207 shares of the company’s stock, valued at approximately $15,656,799.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, September 3rd, Michael Stock sold 15,000 shares of Liberty Energy stock. The shares were sold at an average price of $20.01, for a total transaction of $300,150.00.
• On Thursday, August 1st, Michael Stock sold 20,000 shares of Liberty Energy stock. The stock was sold at an average price of $22.92, for a total transaction of $458,400.00.
• On Thursday, July 11th, Michael Stock sold 4,374 shares of Liberty Energy stock. The shares were sold at an average price of $21.01, for a total value of $91,897.74.
• On Monday, July 1st, Michael Stock sold 15,626 shares of Liberty Energy stock. The shares were sold at an average price of $20.82, for a total value of $325,333.32.

Liberty Energy Price Performance

NYSE:LBRT opened at $20.92 on Friday. Liberty Energy Inc. has a 52-week low of $16.33 and a 52-week high of $24.75. The stock has a fifty day moving average of $20.79 and a 200 day moving average of $21.45. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.07 and a current ratio of 1.35. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 7.64, a P/E/G ratio of 1.11 and a beta of 1.69.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings results on Wednesday, July 17th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. Liberty Energy had a return on equity of 22.85% and a net margin of 9.53%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. The company’s revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 EPS. On average, research analysts expect that Liberty Energy Inc. will post 2.17 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Friday, September 6th. Liberty Energy’s payout ratio is 10.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Citigroup upgraded Liberty Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $24.00 to $32.00 in a research note on Wednesday, May 29th. Piper Sandler lowered their price target on shares of Liberty Energy from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, July 15th. TD Cowen cut their price objective on shares of Liberty Energy from $21.00 to $20.00 and set a “hold” rating for the company in a report on Friday, July 19th. Bank of America lowered their target price on shares of Liberty Energy from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Finally, Barclays cut their price target on Liberty Energy from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Liberty Energy currently has a consensus rating of “Moderate Buy” and an average price target of $24.78.

Institutional Trading of Liberty Energy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Clifford Capital Partners LLC increased its stake in Liberty Energy by 19.0% in the second quarter. Clifford Capital Partners LLC now owns 649,748 shares of the company’s stock valued at $13,573,000 after acquiring an additional 103,855 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Liberty Energy during the 2nd quarter valued at about $642,000. Maven Securities LTD purchased a new position in shares of Liberty Energy during the 2nd quarter valued at about $251,000. Cetera Investment Advisers lifted its position in Liberty Energy by 6.3% in the 2nd quarter. Cetera Investment Advisers now owns 52,948 shares of the company’s stock worth $1,106,000 after buying an additional 3,132 shares during the last quarter. Finally, Truist Financial Corp boosted its stake in Liberty Energy by 13.4% in the second quarter. Truist Financial Corp now owns 90,862 shares of the company’s stock worth $1,898,000 after buying an additional 10,766 shares in the last quarter. Hedge funds and other institutional investors 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.