Michael Stock Sells 10,000 Shares of Liberty Energy Inc. (NYSE:LBRT) Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 10,000 shares of Liberty Energy stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $18.49, for a total value of $184,900.00. Following the completion of the transaction, the chief financial officer now owns 705,207 shares in the company, valued at $13,039,277.43. The trade was a 1.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, November 6th, Michael Stock sold 5,000 shares of Liberty Energy stock. The shares were sold at an average price of $18.45, for a total transaction of $92,250.00.
• On Friday, November 1st, Michael Stock sold 5,000 shares of Liberty Energy stock. The stock was sold at an average price of $17.21, for a total transaction of $86,050.00.
• On Tuesday, October 1st, Michael Stock sold 15,000 shares of Liberty Energy stock. The stock was sold at an average price of $19.23, for a total value 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 value of $105,050.00.

Liberty Energy Stock Performance

Shares of LBRT traded up $0.02 during midday trading on Tuesday, reaching $18.58. 1,876,514 shares of the stock were exchanged, compared to its average volume of 2,522,351. Liberty Energy Inc. has a twelve month low of $16.57 and a twelve month high of $24.75. 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 company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 8.84 and a beta of 1.71. The business’s 50-day moving average price is $18.55 and its 200 day moving average price is $20.31.

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

Liberty Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.08 per share. This is a boost from Liberty Energy’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, December 6th. This represents a $0.32 annualized dividend and a dividend yield of 1.72%. Liberty Energy’s dividend payout ratio (DPR) is presently 13.33%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LBRT. Barclays cut their target price 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. Wells Fargo & Company cut their price objective on shares of Liberty Energy from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 18th. Stifel Nicolaus lowered their price target on shares of Liberty Energy from $26.00 to $25.00 and set a “buy” rating for the company in a report on Friday, October 18th. Royal Bank of Canada dropped their price target on Liberty Energy from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. Finally, Evercore ISI raised shares of Liberty Energy to a “strong-buy” rating in a research report on Thursday, October 17th. Five equities 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $22.89.

Institutional Investors Weigh In On Liberty Energy

Several large investors have recently made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in Liberty Energy by 2.4% in the third quarter. Franklin Resources Inc. now owns 2,631,360 shares of the company’s stock worth $53,706,000 after purchasing an additional 61,909 shares in the last quarter. Tidal Investments LLC grew its position in Liberty Energy by 14.6% during the 3rd quarter. Tidal Investments LLC now owns 14,299 shares of the company’s stock worth $273,000 after acquiring an additional 1,817 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Liberty Energy in the 3rd quarter valued at $403,000. Sanctuary Advisors LLC grew its stake in shares of Liberty Energy by 11.3% during the third quarter. Sanctuary Advisors LLC now owns 31,077 shares of the company’s stock worth $590,000 after purchasing an additional 3,160 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Liberty Energy by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,779,906 shares of the company’s stock valued at $72,173,000 after acquiring an additional 207,527 shares during the period. 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.